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Christian S. Schade to Join Omthera Pharmaceuticals as Executive Vice President and Chief Financial Officer
Date:8/4/2011

BEDMINSTER, N.J., Aug. 4, 2011 /PRNewswire/ -- Omthera Pharmaceuticals, Inc., a privately-held emerging specialty pharmaceuticals company, announced today that Christian S. Schade will join the Company in the newly created position of Executive Vice President and Chief Financial Officer, beginning in early September.  Mr. Schade brings to Omthera, both extensive experience as a public company financial executive in the biopharmaceutical and energy industries, as well as expertise in the public capital markets through his tenure in the investment banking industry.

"As we continue to expand our executive ranks, we are very pleased to welcome Chris to Omthera's management team. With 28 years of public company and capital market transaction experience, Chris' significant expertise will be extremely valuable to us as we continue to pursue our goals, including the completion of our clinical program and commercialization of Epanova™, our novel, Omega-3 free fatty acid product, that is being developed for the treatment of patients with high triglycerides," stated, Jerry Wisler, President and Chief Executive Officer of Omthera.

Since April 2010, Mr. Schade has served as Executive Vice President and Chief Financial Officer at NRG Energy, a NYSE listed, S&P 500 wholesale power generation company based in Princeton, NJ.  While there, he has overseen NRG's corporate financial functions, including Treasury, Accounting, Tax, Risk, Credit Management and Insurance. Prior to joining NRG, he was Senior Vice President Administration and Chief Financial Officer at Medarex Inc., a NASDAQ listed, Princeton-based biopharmaceutical company which was acquired for $2.4 billion by Bristol-Myers Squibb Co. in September 2009.  Mr. Schade played a lead role in negotiations for the sale of Medarex to Bristol-Myers Squibb and helped lead the merger-integration process of the research, development and administrative functions. He also helped Medarex to grow
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SOURCE Omthera Pharmaceuticals, Inc.
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