Published:
Cadence Pharmaceuticals Appoints Todd Rich, M.D. to its Board of Directors and Names Malcolm Lloyd-Smith as Senior Vice President, Regulatory Affairs and Quality Assurance
SAN DIEGO, Aug. 28 /PRNewswire-FirstCall/ -- Cadence Pharmaceuticals, Inc.
(Nasdaq: CADX) announced today the appointments of Todd Rich, M.D. to the
company's board of directors and Malcolm Lloyd-Smith to the position of Senior
Vice President, Regulatory Affairs and Quality Assurance. Mr. Lloyd-Smith
assumes the role previously held by Malvina Laudicina, who resigned from the
company for medical reasons.
"We are very pleased to welcome Dr. Rich to our board of directors,"
stated Cam Garner, Chairman of Cadence. "Todd brings to Cadence a wealth of
clinical development, regulatory, and general management expertise, which will
be invaluable as we continue to build a world class, hospital-focused
biopharmaceutical company."
"Malcolm's extensive regulatory and quality assurance experience is a
great asset to Cadence," added James Breitmeyer, M.D., Ph.D., Executive Vice
President and Chief Medical Officer of Cadence. "Malcolm will play a key role
in helping us achieve our regulatory objectives for our two Phase III product
candidates, Acetavance(TM) for the treatment of acute pain and fever, and
Omigard(TM) for the prevention of catheter-related infections."
Dr. Rich is currently Vice President, Development Regulatory, Medical
Information, Drug Safety, Quality and Compliance at Genentech, Inc. Dr. Rich
joined Genentech in 1992 and has served in a variety of roles, including Vice
President, Clinical and Commercial Regulatory Affairs and Senior Director,
Product Development, where he was the Global Project Team Leader for
Rituxan(R) (rituximab). Previously, he was a Staff Physician at St. John's
Hospital inDetroit, Michigan. Dr. Rich received his B.S. in biology from
Amherst College and his M.S. in biomedical engineering from the University of
Michigan. He holds an M.D. from Wayne State University and an M.B.A. from the
Stanford University Graduate School of Business.
Mr. Lloyd-Smith joins Cadence from Elan Pharmaceuticals, Inc., where he
was most recently Vice President and Head of Global Regulatory Affairs, and
where he led the successful filings and approvals of Tysabri(R) (natalizumab)
and Prialt(R) (ziconotide) inthe United States andEurope. At Elan, he was
responsible for the development and implementation of global regulatory
strategy for all research and development and commercialization activities,
as well as the global management of the pharmacovigilance and medical writing
functions. Previously, Mr. Lloyd-Smith held senior regulatory positions with
Bristol-Myers Squibb Pharmaceuticals and its predecessor, DuPont
Pharmaceuticals, where he was most recently Vice President, Worldwide
Regulatory Affairs. He received his M.S. in pharmacological biochemistry from
Hatfield Polytechnic and his B.S. in pharmacology from the University of
Leeds.
About Cadence Pharmaceuticals, Inc.
Cadence Pharmaceuticals is a biopharmaceutical company focused on
in-licensing, developing and commercializing proprietary product candidates
principally for use in the hospital setting. The company currently has two
Phase III product candidates in development, Acetavance(TM) (intravenous
acetaminophen) for the treatment of acute pain and fever, and Omigard(TM)
(omiganan pentahydrochloride 1% topical gel) for the prevention of
catheter-related infections. For more information about Cadence's pipeline,
visit http://www.cadencepharm.com.
Forward-Looking Statements
Statements included in this press release that are not a description of
historical facts are forward-looking statements. Words such as "will,"
"believe," and similar expressions, are intended to identify forward-looking
statements, and are based on Cadence's current beliefs and expectations.
Forward-looking statements include statements regarding the company's
expectations that it will build a world-class biopharmaceutical company and
achieve regulatory objectives for its product candidates. The inclusion of
forward-looking statements should not be regarded as a representation by
Cadence that any of its plans will be achieved. Actual results may differ
materially from those set forth in this press release due to the risks and
uncertainties inherent in the company's business, including, without
limitation: the ability of the company's senior management team, some of whom
have limited experience working together as a group, to manage the company's
business effectively; the potential for loss of key personnel, which could
have an adverse effect on Cadence's ability to execute its business strategy
and on its business results; the FDA may require Cadence to complete
additional clinical, non-clinical or other requirements prior to the
submission or the approval of New Drug Applications, or NDAs, for its product
candidates; the company's clinical trials may produce negative or
inconclusive results, or may be inconsistent with previously conducted
clinical trials; the outcomes of final analyses of data from Cadence's
clinical trials may vary from the initial analyses, and the FDA may not agree
with the company's interpretation of such results; clinical trial data for
Cadence's product candidates may demonstrate inadequate therapeutic efficacy,
or the prevalence or severity of adverse side effects may be greater than
anticipated; the company may experience delays in completing important pre-
commercialization manufacturing development activities for its product
candidates, which may delay the submission of NDAs for its product candidates;
Cadence's patent rights may be insufficient to protect its product candidates;
the company's product candidates may not compete successfully against existing
or new products; Cadence may require substantial additional funding to
complete its development programs and, if approved, to successfully launch its
product candidates, and it may not be able to raise sufficient capital when
needed, or at all; and other risks detailed in Cadence's prior press releases
and periodic public filings with the Securities and Exchange Commission. You
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. All forward-looking statements are
qualified in their entirety by this cautionary statement and Cadence
undertakes no obligation to revise or update this press release to reflect
events or circumstances after the date hereof. This caution is made under the
safe harbor provisions of Section 21E of the Private Securities Litigation
Reform Act of 1995.
Cadence(TM), Acetavance(TM) and Omigard(TM) are trademarks of Cadence
Pharmaceuticals, Inc. Rituxan(R) is a registered trademark of Biogen Idec,
Inc. Tysabri(R) and Prialt(R) are registered trademarks of Elan
Pharmaceuticals, Inc.
Contacts: William R. LaRue
SVP & Chief Financial Officer
Cadence Pharmaceuticals, Inc.
858-436-1400
Anna Gralinska
Director, Investor Relations
Cadence Pharmaceuticals, Inc.
858-436-1452
SOURCE Cadence Pharmaceuticals, Inc.
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