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Quinton Oswald Named Chief Executive Officer of SARcode Corporation
Date:9/14/2010

history in the ophthalmology space and his success in launching Lucentis®. While at Genentech, Quinton worked alongside Charles Semba, the Development Team Leader for Lucentis®, who today serves as SARcode's Chief Medical Officer. We expect this team will continue our rapid progress in the clinic, and guide our lead compound quickly through our final pivotal trials."

"I am very fortunate to have the opportunity to lead a company with the potential to deliver significant beneficial impact in a therapeutic area in which I not only have many years of operational experience, but also a passion to improve upon existing treatment," said Mr. Oswald, Chief Executive Officer of SARcode.  "There are more than 20 million patients suffering from dry eye in the U.S. alone and up to 50 million patients worldwide. Yet most of them receive little relief from currently available drugs.  Our lead product candidate, SAR 1118, has provided excellent Phase II results in both signs and symptoms. The study achieved these results within 12 weeks, demonstrating potential for more rapid relief than currently available therapies. I see big opportunities for this product and SARcode, and I am looking forward to being a part of this team."

Before joining Novartis, Mr. Oswald spent 16 years with Bristol Myers Squibb. After beginning his tenure with Bristol Myers in his home country of South Africa, he moved to Holland as General Manager to merge Bristol Myers and Squibb. Relocating to the U.S. in 1993, Mr. Quinton held line management roles as President for Asia, Middle East, and Africa, and President for Latin America and Canada.

About SARcode Corporation

SARcode is a venture-backed biopharmaceutical company focused on the development of best in class small molecule LFA-1 antagonists as novel nonsteroidal immunomodulators/anti-inflammatory agents for the treatment of T-cell mediated inflammatory diseases. Institutional investors inc
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