Published:
Rib-X Pharmaceuticals, Inc. Appoints Dr. Joseph Amprey of MedImmune Ventures to Board of Directors
NEW HAVEN, Conn., Sept. 3 /PRNewswire/ -- Rib-X Pharmaceuticals, Inc.
("Rib-X" or the "Company"), a development-stage company focused on the
discovery and development of novel antibiotics for the treatment of
antibiotic-resistant infections, today announced that Joseph Amprey, M.D.,
Ph.D., has been appointed to the Company's Board of Directors, succeeding
David Mott. Mr. Mott, formerly with MedImmune and MedImmune Ventures, is also
continuing as an Independent Director of the Company. Rib-X's board now
consists of 10 members.
"We are extremely pleased that Joe Amprey has joined the Rib-X Board,"
said Dr. Susan Froshauer, President and Chief Executive Officer, Rib-X. "Joe
brings an impressive level of experience in the financial sector that will be
crucial as the Company grows and continues to move products through the
development pipeline. Additionally, we are most grateful to David for the
commitment he has made to Rib-X since joining our board in 2007 and look
forward to benefiting from his ongoing guidance."
Dr. Amprey is Senior Managing Director at MedImmune Ventures, a venture
capital fund wholly owned by MedImmune, LLC and he has primary responsibility
for overseeing the fund's operations. He has been with MedImmune Ventures
since 2006 and sits on the MedImmune Ventures investment committee, as well as
on the boards of portfolio companies Synovex and NKT Therapeutics. Prior to
joining MedImmune, Dr. Amprey worked at Carrot Capital HealthCare Ventures.
He earned his M.D. and Ph.D. in Immunology from Cornell University inNew
York, and his B.A. in biochemistry from the University of Pennsylvania.
David Mott joined the Rib-X board in 2007. Mr. Mott was the Chief
Executive Officer of MedImmune, a position he held from October 2000 until he
departed the organization in July 2008. Mr. Mott joined MedImmune in 1992 as
Vice President and held positions of increasing responsibility including Chief
Financial Officer, Chief Operating Officer and President. He also founded
MedImmune Ventures and served as Chairman of its Investment Committee. Prior
to joining MedImmune, Mr. Mott was a Vice President in the Health Care
Investment Banking Group at Smith Barney, Harris Upham & Co., Inc. Mr. Mott
is a member of the Board of Directors of Shire plc and also serves on the
Boards of Directors for the Biotechnology Industry Organization (BIO) and St.
Albans School. He has previously served on the boards of Conceptis
Technologies, Ambit Biosciences, the Technology Council ofMaryland, MdBio and
a number of non-profits. He attended Dartmouth College, where he holds a
bachelor's degree in economics and government.
About Rib-X Pharmaceuticals, Inc.
Rib-X Pharmaceuticals, Inc. is a product-driven small molecule drug
discovery and development company focused on the structure-based design of new
classes of antibiotics. The Company's underlying drug discovery engine
capitalizes on its proprietary high-resolution crystal structure of the
ribosome, which performs an essential role in the fundamental process of
protein synthesis. Many known, commercially valuable antibiotics bind to the
ribosome, including those used to treat both community-acquired and hospital-
acquired pathogens. The Company's integrated research strategy, which combines
state of the art, proprietary computational analysis, X-ray crystallography,
medicinal chemistry, microbiology and biochemistry, allows it to rapidly
synthesize new agents designed to avoid typical antibiotic resistance
mechanisms. Rib-X's iterative intelligent engine has yielded several
distinctive new antibiotic classes. The Company currently has two programs in
human clinical trials, the radezolid (RX-1741) designer oxazolidinone program
as an oral/IV agent to treat serious hospital Gram-positive infections and the
delafloxacin, (RX-3341) program, a next generation fluoroquinolone, active
against a broad spectrum of bacteria, including methicillin-resistant
Staphylococcus aureus. Additionally, the Company has multiple drug discovery
programs. The first of these is an exciting discovery program that is well on
its way toward the identification of new chemical classes of antibiotics
active against multi-drug resistant Gram-negative bacteria in the hospital.
The second of these programs is focused on design and development of an IV and
orally active macrolide for treatment of infections in the nursing home and
hospital setting, including those caused by MRSA and enterococci. Radezolid
and the multiple discovery programs derive from Rib-X's proprietary use of the
ribosome structure and computational tools.
For more information on the ribosome and the Rib-X mission, please visit
the Company website at www.rib-x.com.
SOURCE Rib-X Pharmaceuticals, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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