"Naurex is applying its novel technology platform to develop therapies for disorders of the central nervous system and has advanced innovative molecules into clinical development in depression," said Dr. Riedel. "As a Naurex director, I have come to appreciate the transformational potential and breadth of applications of the company's technology platform aimed at modulating neuronal plasticity through molecules acting at the NMDA receptor."
Dr. Riedel continued, "I am impressed by the skill and commitment of our management and staff and consider it a privilege to lead this team as we strive to bring our rapid-acting antidepressants to the millions of patients in need of new options as expeditiously as possible. I want to thank Derek Small for his outstanding work in advancing the company to this stage and look forward to continue working with Derek as a director of our distinguished board."
After 15 years of service, Dr. Riedel recently retired from Baxter International, a diversified healthcare company, as corporate vice president and chief science and innovation officer. Earlier in his tenure, Dr. Riedel was president and general manager of the recombinant proteins unit and vice president of research and development for Baxter's Bioscience business. Previously, Dr. Riedel was head of worldwide biotechnology and core research functions at Hoechst Marion Roussel, now Sanofi. He also held a number of scientific management positions at Hoechst-Marion Roussel and Hoechst. Dr. Riedel serves on the boards of Jazz Pharmaceuticals, Ariad Pharmaceuticals and the Illinois Biotechnology Industry Organization. Dr. Riedel is a member of the Austrian Academy of Sciences and was appointed by Governor Pat Quinn to serve on the Illinois Innovation Council. He is an adjunct professor of biochemistry and medicin
|SOURCE Naurex Inc.|
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