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QRxPharma Expands Management Team with the Addition of Dr. Jesus Soriano as Executive Vice President
Date:1/22/2009

New Hire Brokered Deals valued at more than $3.0 Billion

SYDNEY, Australia and BEDMINSTER, N.J., Jan. 22 /PRNewswire/ -- QRxPharma Limited (ASX: QRX and OTCQX: QRXPY), a clinical-stage specialty pharmaceutical company focused on the development and commercialisation of therapies for pain and central nervous system (CNS) disorders, announced today that Jesus Soriano, MD, PhD, MBA will serve as Executive Vice President. Dr. Soriano brings more than 17 years of experience in healthcare management, basic and clinical research, professional services, regulatory compliance, licensing and business development, including negotiating and executing deals with present and future value of more than US$3.0 billion.

"We are very pleased to announce that Dr. Soriano has joined our senior management team," said Dr. John Holaday, Managing Director and Chief Executive Officer, QRxPharma. "Our approach has been to build a team of people who add value, broaden our collective knowledge and bring the experience necessary to advance the Company's goals. I am confident Dr. Soriano will contribute significantly to QRxPharma's success."

Prior to joining QRxPharma, Soriano was Senior Director of Business Development at Osiris Therapeutics, Inc., and responsible for all business development activities, including IP strategy and operations, out-licensing and divestiture. During Dr. Soriano's tenure, Maryland-based Osiris Therapeutics formed a $1.4 billion partnership with Genzyme Corp. for the development and commercialisation of Prochymal(TM) and Chondrogen(TM), two first-in-class, late-stage adult stem cell products. Dr. Soriano also played a critical role in the divestiture of Osteocel(R) to NuVasive, Inc., worth up to $137 million. Preceding Osiris, Dr. Soriano spent five years at American Type Culture Collection (ATCC) in a variety of leadership positions, including Vice President for IP, Licensing and International Busines
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SOURCE QRxPharma Limited
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