Navigation Links
Nastech Pharmaceutical Company Announces the Jeffrey Wenig Memorial Award for Outstanding Achievement in Drug Delivery
Date:10/5/2007

BOTHELL, Wash., Oct. 5 /PRNewswire-FirstCall/ -- Nastech Pharmaceutical Company Inc. (Nasdaq: NSTK), a leader in molecular-biology based drug delivery technology, announced today the establishment of the Jeffrey Wenig Memorial Award for Outstanding Achievement in Drug Delivery, and its first recipients, Dr. Robert S. Langer of the Massachusetts Institute of Technology and Dr. Paul H. Johnson of Nastech.

"Cutting edge drug delivery technologies are critical to the development and success of new and better medicines that improve health care and make a profound difference in the quality of life for millions of patients. In establishing the Jeffrey Wenig Memorial Award for Outstanding Achievement in Drug Delivery, we seek to create greater awareness and appreciation of the critical role drug delivery plays in the development of improved therapeutics and to help raise awareness of drug delivery as an exciting, high-value area of expanding opportunities," stated Steven C. Quay, M.D., Ph.D., Chairman, President and CEO of Nastech.

Dr. Quay continued, "The recipients of the first-ever Jeffrey Wenig Memorial Award, Drs. Robert Langer and Paul Johnson, have made significant contributions to advancing the science of drug delivery and development of new therapeutics over many years of service. We are grateful to Drs. Langer and Johnson for their dedication and efforts in this field."

The Jeffrey Wenig Memorial Award is named for Dr. Jeffrey Wenig, the founder and first Chief Executive Officer of Nastech, who contributed to the development of drug delivery technologies and formed the foundation of Nastech Pharmaceutical Company. The first Jeffrey Wenig Memorial Award is sponsored, and recipients were selected, by Nastech to recognize two outstanding individuals for their leadership in advancing the development of new therapeutics through better drug delivery. Nastech plans to sponsor awards on a biennial basis and intends to partner with a leading scientific organization for future awards.

Dr. Robert Langer, Institute Professor at MIT, is widely recognized as a leader in the field of drug delivery. In 2007, he received the 2006 United States National Medal of Science. A major focus of his work is the study and development of polymers to deliver drugs, particularly proteins, DNA and RNAi. He has been involved in developing numerous companies in the field through his innovations in drug delivery and by providing expert guidance to companies as they advance novel technologies and therapeutics. Dr. Langer's patents have been licensed or sublicensed to over 180 pharmaceutical, chemical, biotechnology and medical device companies.

Dr. Paul Johnson has served as Nastech's Chief Scientific Officer since 2003. Dr. Johnson led the development of innovative technologies for non- invasive delivery of peptide and protein therapeutics. He has also been instrumental in creating solutions to barriers in the development and delivery of RNAi therapeutics. Prior to Nastech, Dr. Johnson worked as the Head of the Cell and Molecular Biology Department in the Cancer Research Department at Berlex Biosciences, the U.S. Research and Development Center for Schering AG. Dr. Johnson is retiring from Nastech effective October 5, 2007.

About Nastech

Nastech is a biopharmaceutical company developing innovative products based on proprietary molecular biology-based drug delivery technologies. Nastech and its collaboration partners are developing products for multiple therapeutic areas including osteoporosis, obesity, diabetes, autism, respiratory diseases and inflammatory conditions. Additional information about Nastech is available at http://www.nastech.com.

Nastech Forward Looking Statements

Statements made in this press release may be forward-looking statements within the meaning of Federal Securities laws that are subject to certain risks and uncertainties and involve factors that may cause actual results to differ materially from those projected or suggested. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to: (i) the ability of Nastech to obtain additional funding; (ii) the ability of Nastech to attract and/or maintain manufacturing, research, development and commercialization partners; (iii) Nastech's and/or a partner's ability to successfully complete product research and development, including preclinical and clinical studies and commercialization; (iv) Nastech's and/or a partner's ability to obtain required governmental approvals; and (v) Nastech's and/or a partner's ability to develop and commercialize products that can compete favorably with those of competitors. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in Nastech's most recent periodic reports on Form 10-K and Form 10-Q that are filed with the Securities and Exchange Commission. Nastech assumes no obligation to update and supplement forward-looking statements because of subsequent events.

Contacts:

Nastech

Ed Bell Director, Investor Relations

(425) 908-3639,

ir@nastech.com

Russo Partners, LLC

Matthew Haines (Investors/Media)

(212) 845-4235


'/>"/>
SOURCE Nastech Pharmaceutical Company Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. South Africa Wins landmark case against pharmaceutical giants
2. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
3. Pharmaceutical giant offers AIDS related antifungal drug free to 50 countries
4. Setting up a new pharmaceutical industry in India
5. Medicis Pharmaceutical company enters pediatric market
6. Supply of Radiopharmaceuticals Hampered by Attacks
7. Pharmaceutical companies are targeting patients
8. FDA approves Watson Pharmaceuticals Oxytrol patch
9. Ranbaxy Pharmaceuticals Inc awarded the prestigious outstanding supplier award received from Wal-Mart
10. Indian Pharmaceutical Industries Stops Manufacturing And Sale Of Valdecoxib
11. Pharmaceutical industries grant for R&D to be monitored
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/27/2017)... Vancouver, BC (PRWEB) , ... February 27, 2017 ... ... top drug rehabilitation and alcohol treatment programs in British Columbia, Canada, at ... (RMT) to its team. The new hire, Mackenzie Alsager, showcases the Centre's commitment ...
(Date:2/26/2017)... ... February 26, 2017 , ... ... entries to the 7th Edition of International Social Design Awards. , The ... Product Designers, System Designers, Governments and Institutions worldwide with realized projects and conceptual ...
(Date:2/26/2017)... Park, KS (PRWEB) , ... ... ... of StaffBridge sets a new technology standard in staffing, scheduling, and reporting ... manage, monitor, and predict activity throughout the entire staffing process. StaffBridge technology ...
(Date:2/24/2017)... ... February 24, 2017 , ... HealthPostures, expert ... Core benefits and advantages built into the home office sit stand solution are ... feel. Ability to gain the benefits embedded in the TaskMate Go are available ...
(Date:2/24/2017)... ... February 24, 2017 , ... Dr. Ronald E. Hawkins, ... the appointment of Peter A. Bell, DO, MBA, HPF, FACOEP-dist., FACEP, as the ... April 10. Dr. Bell comes to Liberty from the Ohio University Heritage College ...
Breaking Medicine News(10 mins):
(Date:2/27/2017)... YORK , February 27, 2017 ... celebrates the pharmaceutical companies that are most successful at developing ... ... if you gave the same molecule to two different companies ... Based on systematic, objective analysis of each company,s ...
(Date:2/27/2017)... Israel , Feb. 27, 2017 /PRNewswire/ ... developer of adult stem cell technologies for neurodegenerative diseases, ... , M.D., Ph.D., FACP, and Arturo O. Araya ... "Dr. Almenoff and Mr. Araya are talented ... exciting time for our company," said Chaim Lebovits ...
(Date:2/24/2017)... Following receiving ... , s AMAR is a major milestone for the ... M w ound care market in ... BST for inclusion in the National Health Basket , ...   E-QURE Corp. (OTCQB: EQUR), a leader in medical devices ...
Breaking Medicine Technology: