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Aragon Pharmaceuticals Announces Appointment of Faheem Hasnain as Independent Director
Date:8/28/2012

SAN DIEGO, Aug. 28, 2012 /PRNewswire/ -- Aragon Pharmaceuticals today announced the appointment of Faheem Hasnain as an independent director of the Company's board of directors.

(Logo: http://photos.prnewswire.com/prnh/20120828/SF63676LOGO)

Mr. Hasnain brings more than 20 years of experience in the pharmaceutical and biotechnology industries, with executive leadership roles at leading public companies, including Facet Biotech Corporation, PDL BioPharma, Biogen Idec, Bristol Myers-Squibb and GlaxoSmithKline.

"Faheem's expansive commercialization, leadership and public as well as private company experience will prove invaluable to Aragon as we work to advance our programs targeting hormone dependent cancers, including ARN-509, an anti-androgen for the treatment of castration-resistant prostate cancer that is progressing toward registration-enabling trials next year," said Richard A. Heyman, Ph.D., President and CEO of Aragon.

"The team at Aragon Pharmaceuticals has pioneered a very promising small molecule discovery platform for anti-hormonal agents, and I look forward to being involved in their future development efforts as they continue to advance in this promising field," said Mr. Hasnain.

Hasnain currently serves as President and CEO of Receptos, Inc. and is a previous President, Chief Executive Officer and Director of Facet Biotech Corporation, which was sold to Abbot Laboratories for over $700 million in April 2010. Prior to that, Mr. Hasnain was President, Chief Executive Officer and a Director of PDL BioPharma, Inc. Mr. Hasnain served at Biogen Idec Inc. as Executive Vice President in charge of the oncology/rheumatology strategic business unit. He also held roles with Bristol-Myers Squibb, where he was president of the Oncology Therapeutics Network, and for 14 years at GlaxoSmithKline and its predecessor o
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