SAN DIEGO, Jan. 5, 2012 /PRNewswire/ -- Essentialis, Inc., today announced the appointment of Mahendra G. Shah, Ph.D., a partner with the life sciences-focused venture capital firm Vivo Ventures, to its Board of Directors. A biopharma executive noted for his expertise in business development and economic strategies, Dr. Shah becomes the sixth member of the Board of Directors for Essentialis, a company focused on the development of a breakthrough medicine for the treatment of cardiovascular and metabolic disease. Its lead compound, DCCR, is now in Phase IIb trials for patients with very high triglycerides.
"Dr. Shah brings to Essentialis his tested knowledge in business development, clinical design and pharma-board leadership," said Stuart Collinson, Ph.D., Chairman of the Board, Essentialis. "Essentialis expects to release its Phase IIb trial data for DCCR in the coming weeks. As we prepare to begin a new chapter with an exciting new compound for further evaluation, board members with Dr. Shah's range of experience will advance our development objectives."
Essentialis added Dr. Richard Pasternak, a renowned cardiologist and former Merck & Co., Inc. executive, and Mr. Aaron Berg, Essentialis president, who was recently promoted to Chief Executive Officer, to its board of directors in December 2011.
About Mahendra G. Shah, Ph.D.
Mahendra G, Shah, Ph.D., has been a venture partner at Vivo Ventures, a life sciences-focused venture fund, since March 2010. Prior to joining Vivo Ventures, he served as chief executive for several biopharma companies. From September 2005 to December 2009, he was the founder, chairman and CEO of Nextwave Pharmaceuticals Pediatric, a specialty biomedical company. From 1993 to 2003, he served as chairman and CEO of First Horizon Pharmaceuticals, a publicly traded specialty pharmaceutical company, where he raised more than $200 million in the p
|SOURCE Essentialis, Inc.|
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