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:10/13/2017)... ... October 13, 2017 , ... Yisrayl Hawkins, Pastor and Overseer at The House ... most popular and least understood books in the Holy Scriptures, Revelation. The Book of ... baffled scholars for centuries. Many have tossed it off as mere rubbish, but Yisrayl ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: ... “America On The Brink” is the creation of published author, William Nowers. ... As a WWII veteran, he spent thirty years in the Navy. Following ...
(Date:10/12/2017)... ... October 12, 2017 , ... The company has ... today’s consumer and regulatory authorities worldwide. From Children’s to Adults 50+, every formula ... the highest standard. , These products are also: Gluten Free, Non-GMO, Vegan, ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information ... we intend to develop to enable prevention of a major side effect of ... loss, especially in pediatric patients. For cisplatin, hearing loss is FDA listed on-label ...
(Date:10/12/2017)... ... October 12, 2017 , ... On Saturday, October 21, the Health ... Miles by Moonlight to raise money for the American Heart Association Heart Walk. Teams ... Teams will work together to keep their treadmills moving for 5 hours. Treadmills will ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... ORLANDO, Fla. , Oct. 2, 2017  AllianceRx ... services company formed by Walgreens and pharmacy benefit manager ... of its new brand, which included the unveiling of ... Fla. , as well as at a few ... introduces the new brand to patients, some of whom ...
(Date:9/28/2017)... -- Cohen Veterans Bioscience and Early Signal Foundation announce ... home sensors for real-time monitoring of patients with trauma-related ... organization focused on disruptive health solutions for rare disorders ... to record and integrate behavioral, cognitive, physiological and contextual ... ...
(Date:9/25/2017)... , Sept. 25, 2017  EpiVax, Inc., a ... design, and immune-engineering today announced the launch of ... development of personalized therapeutic cancer vaccines. EpiVax has ... exclusive access to enabling technologies to the new ... will lead EpiVax Oncology as Chief Executive Officer. ...
Breaking Medicine Technology: