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BioSante Hires VP of New Business Development and Contract Manufacturing and Announces New Appointment to Board of Directors
Date:7/16/2013

pportunities."

"With a solid balance sheet and a strong base business, BioSante is well positioned to leverage its unique assets.  It is clearly an exciting time to join the Company," said Mr. Schrepfer.  "I look forward to working with BioSante's talented team to expand both our marketed product portfolio and contract manufacturing revenues with the goal of driving shareholder value."

Mr. Raynor is a Managing Partner of The Argentum Group, a private equity firm he co-founded in 1988.  Argentum, which originally invested in ANI in 2006, acquired its current 6% ownership stake in BioSante through ANI's recently completed merger into BioSante.  Mr. Raynor has more than 20 years of private equity experience during which time he has led over 30 investments for Argentum and served on the board of 28 companies.   Mr. Raynor received a B.S. in economics from The Wharton School, University of Pennsylvania.

"Dan's valuable experience in healthcare was a welcomed resource when Dan was an observer to the Board at ANI.  We look forward to his continued contributions as a new member of our Board," stated Mr. Przybyl.   "I am excited to be joining the BioSante Board of Directors and working with its management team to continue to develop value. The transition to a public company provides ANI with more opportunity to build its product portfolio and capitalize on its world-class manufacturing capabilities," stated Mr. Raynor.

About BioSante and ANI

BioSante Pharmaceuticals is an integrated specialty branded and generic pharmaceutical company developing, manufacturing, and marketing branded and generic prescription pharmaceuticals through its wholly-owned subsidiary, ANI.  In two facilities with combined manufacturing, packaging and laboratory capacity totaling 173,000 square feet, ANI manufactures oral solid dose products, as well as liquids and topicals, including narcotics and those that must be
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SOURCE BioSante Pharmaceuticals, Inc.
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