NUCRYST Announces Management Realignment and R&D Portfo... ( WAKEFIELD MA April 30 / NUCRYSTPh...)

NUCRYST Announces Management Realignment and R&D Portfolio Change

Date:4/30/2008

WAKEFIELD, MA, April 30 /PRNewswire-FirstCall/ - NUCRYST Pharmaceuticals, a developer and manufacturer of medical products that fight infection and inflammation, today announced that the Company has realigned its management team to further advance its cost reduction and growth strategies. The realignment results in increased management responsibilities for David C. McDowell, Vice President Operations and the appointment of Edward Gaj, Jr., RPh to the newly created position of Vice President Marketing.

The Company also announced that it has discontinued the development of, and out-licensing initiatives for, the current formulation of NPI 32101 silver to treat inflammatory bowel disease (IBD). Preclinical work will continue on the use of NPI 32101 silver for the treatment of Clostridium difficile, as will the Company's other projects to develop line-extensions, product improvements and new products for the treatment of infection and inflammation in hospitals, specialty clinics and long-term care facilities.

"I am confident that Dave and Ed's industry expertise, commitment to success and leadership skills will contribute greatly to NUCRYST's future growth, and I am pleased to announce this significant expansion of their responsibilities," said Thomas E. Gardner, Chairman and Chief Executive Officer.

Effective May 1, 2008, Mr. McDowell, a 24-year veteran of the pharmaceutical industry will add Research and Development to his current responsibilities for Manufacturing, Quality/Regulatory and Medical Affairs. Research and Development currently reports to Katherine J. Turner, PhD, Vice President Research and Development, who has announced her intention to leave the Company to pursue other opportunities.

Mr. Gardner added, "Following the Company's decision to consolidate management of Research and Development activities in Canada, Katherine Turner advised us of her intention to explore opportunities outside of NUCRYST. I want to thank Dr.
'/>"/>

0

GOOD

Page: 1 2 3 4
Related medicine news :

1. NUCRYST Announces Senior Management Change
2. NUCRYST Pharmaceuticals announces year-end results
3. NUCRYST Pharmaceuticals announces 2007 third quarter results
4. Webcast Advisory - NUCRYST Pharmaceuticals Webcast of Conference Call to Discuss 2007 Third Quarter Results
5. NUCRYST and Smith & Nephew Revise Agreements
6. West Pharmaceutical Services, Inc. Announces Annual Meeting Webcast
7. Renowned ENT Specialist, Dr. Murray Grossan, Announces Medical Breakthrough on Snoring at PRI-MED Convention in Anaheim on May 15-17
8. GSK Announces Changes to Corporate Executive Team
9. Summit VetPharm Announces New Distributor Partnership with Webster Veterinary
10. Psychemedics Corporation Announces First Quarter Results
11. InfoLogix Announces First Quarter 2008 Financial Results

Post Your Comments:

NUCRYST Announces Management Realignment and R&D Portfo...( WAKEFIELD MA April 30 / NUCRYSTPh...),Health