Navigation Links
NewBridge Pharmaceuticals Completes $12 Million First Close of Series B Financing, Announces Senior Executive Appointments
Date:9/20/2010

DUBAI, United Arab Emirates, Sept. 20 /PRNewswire/ -- NewBridge Pharmaceuticals FZ-LLC of Dubai, UAE announced today that Joseph W. Henein has been appointed President and Chief Executive Officer and a member of the company's Board of Directors. Mr. Henein is a senior executive who joins NewBridge after a career extending over 29 years in multinational pharmaceutical corporations, holding a number of senior positions covering many geographies including; US, Europe, and Middle East.  

Most recently Mr. Henein was the head and Managing Director of Wyeth for the Middle East and Africa (MEA).  Joe led Wyeth MEA to an unprecedented growth during his time; the affiliate structure grew from 150 employees to over 500 employees and increased revenues multi-fold to around $450 million in the five-year period from 2004-2009. These record achievements marked the MEA as one of the top fastest growing affiliates in Wyeth.

Prior to his role with Wyeth in Dubai, Joe led key global therapeutic areas, from the World Headquarters of Wyeth in the US, most notably infectious diseases as VP and Global Commercial Chair, and served in a senior operational role for MEA and Central Eastern Europe (CEE). Joe also served in various corporate and industry committees; including Wyeth Development Council, Wyeth Development Strategy Board, and Wyeth European Operation Council. On the industry level, he most recently served as the Vice Chair for the PhRMA MEA Committee and the Chair of the PhRMA MEA Ethics Review Board.

"I am excited to join NewBridge at such a critical point in its growth," commented Mr. Henein. "I look forward to working closely with the Board, Management, and employees of NewBridge to establish a strong regional presence, expand the breadth of our commercialization excellence, and build value for the company, shareholders and our customers in the region."

NewBridge also announced the appointment of G. Garrett Vygantas, M.D. as Vice President, Corporate Strategy and Business Development. Prior to that Dr. Vygantas served as the interim CEO since the company was founded.

In addition, NewBridge announced the close of $12 million in Series B financing, bringing the total amount raised to-date to $16 million.  The Series B round was led by Kuwait Life Sciences Company (KLSC), a subsidiary of National Technology Enterprises Company of Kuwait with participation by the previous investor Burrill Life Sciences Capital Fund III, L.P.  In conjunction with the financing, Mr. Qais Marafie, Chairman of KLSC was appointed to the company's Board of Directors. In addition, Victor A. Hebert, Managing Director, Burrill & Company has succeeded G. Steven Burrill, CEO, Burrill & Company as Chairman of the Board.  Mr. Burrill will continue to serve on the Board of Directors.  

"Joe Henein brings to NewBridge exceptional leadership and track record of commercial success in the pharmaceutical and medical products industries. Joe has the skills needed to build and grow a successful company," said Mr. Hebert.

"The Board also wants to thank Dr. Vygantas for his leadership and contributions since the company was founded and is pleased that Garrett will remain active with the company as Vice President of Strategy and Business Development," added Mr. Hebert.

"KLSC is pleased to join Burrill & Company as an investor in NewBridge and we are very pleased to have Joe Henein as the CEO.  KLSC is dedicated to building one of the region's most promising pharmaceutical companies," Mr. Marafie said.

About NewBridge Pharmaceuticals

Based in Dubai, UAE, NewBridge is a specialty pharmaceutical, biologics, medical devices and diagnostics company serving the Emerging Markets of Africa, Middle East, Turkey, and Caspian regions (collectively, AfMET) to address the unmet medical needs in diseases with high regional prevalence such as cancer, diabetes, renal and cardiovascular diseases and other metabolic disorders. NewBridge in-licenses and commercializes FDA and EMA approved therapeutics, devices and diagnostics. NewBridge is led by an experienced management team and backed by top-tier investors including Burrill & Company and Kuwait Life Science Company.

For more information: http://www.nbpharma.com


'/>"/>
SOURCE NewBridge Pharmaceuticals Ltd.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Lead Plaintiffs Attorney In Forest Pharmaceuticals Case Says $313 Million Award Is Tip of the Iceberg of Future Off-Label Marketing Lawsuits
2. Cempra Pharmaceuticals to Present at the UBS Global Life Sciences Conference
3. HRA Pharma and Watson Pharmaceuticals Expand Marketing Partnership for Novel Emergency Contraceptive to Canada
4. Onyx Pharmaceuticals to Present at the UBS Global Life Sciences Conference
5. LigoCyte Pharmaceuticals Initiates First Clinical Trial for Bivalent Intramuscular Norovirus Vaccine
6. ISTA Pharmaceuticals Initiates Phase 3 Clinical Program for REMURA™ in Dry Eye Disease
7. Forest Pharmaceuticals Agrees to Guilty Plea for Violating FDA Laws
8. AVANIR Pharmaceuticals to Present at the UBS Global Life Sciences Conference
9. FierceBiotech Names VentiRx Pharmaceuticals as One of the Fierce 15 Biotech Companies of 2010
10. Access Pharmaceuticals Launches MuGard Product Website
11. Amira Pharmaceuticals Named One of Most Promising Biotech Companies by FierceBiotechs Annual Fierce 15
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/4/2016)... , May 4, 2016 ... addition of the  "Global Acute Myeloid Leukemia ...  report to their offering.       ... Acute Myeloid Leukemia Market and Competitive Landscape ... Myeloid Leukemia pipeline products, Acute Myeloid Leukemia ...
(Date:5/3/2016)... KANSAS CITY, Mo. , May 3, 2016 ... of Kansas Medical Center,s Institute for Advancing Medical ... develop and commercialize new drugs, diagnostics and medical ... organizations provides BioNovus Innovations with rights to license, ... "This partnership ...
(Date:5/3/2016)... ACME Markets, Delaware County ... Councilman Dave White announced today the availability ... pharmacies across Delaware County . According ... has saved 26,463 lives nationwide over the past 20 years. Since ... were authorized to administer naloxone to overdose victims, 244 lives ...
Breaking Medicine Technology:
(Date:5/5/2016)... ... 05, 2016 , ... TLC Laser Eye Centers announced today that it has ... will now be called “Gordon Schanzlin New Vision Institute, a TLC Laser Eye Center.” ... facility to ensure that patients continue to receive the highest quality of care. In ...
(Date:5/5/2016)... (PRWEB) , ... May 05, ... ... and hands-on exercises, the Wharton Seminars for Business Journalists , led ... understanding of key business and economic issues.  This one-day program at the ...
(Date:5/5/2016)... , ... May 05, 2016 , ... ... and Make-A-Wish grants the most heartfelt wishes of these children. The wishes ... medical treatment. President and CEO of Make-A-Wish Mississippi, Brent Wilson said, “In ...
(Date:5/5/2016)... (PRWEB) , ... May 05, 2016 , ... A recent ... continue to face challenges in getting employees to understand and use the free preventive ... of the nation’s leading non-profit business groups of large, self-insured public and private employers, ...
(Date:5/5/2016)... Pittsburgh, PA (PRWEB) , ... May 05, 2016 ... ... risk factors among Pittsburgh-area schoolchildren has found that more than 40 percent of ... Deborah Gentile, MD , Director of Allergy and Asthma Clinical Research in the ...
Breaking Medicine News(10 mins):