Published:
BioMarin Announces the Planned Retirement of Dr. Emil Kakkis, Chief Medical Officer
NOVATO, Calif., Nov. 21 /PRNewswire-FirstCall/ -- BioMarin Pharmaceutical
Inc. (Nasdaq: BMRN) today announced that Dr. Emil Kakkis, its Chief Medical
Officer will retire from the company on February 27, 2009. Dr. Kakkis has
decided to leave his position with the company to allow him to be able to
devote more of his time to personal endeavors related to rare diseases. Dr.
Kakkis will continue to be a consultant for the company for the foreseeable
future.
"I am extremely grateful to have been part of this organization over the
last ten years and to have been part of developing three novel treatments for
rare genetic diseases. I would like to thank all of the patients, doctors
and, particularly, the BioMarin employees that have helped me in those
efforts. I am looking forward to the opportunity to devote additional time to
developing an institute for rare diseases and legislation to support
ultra-orphan drug development," said Dr. Kakkis.
"Emil has been an invaluable part of the leadership team here at BioMarin
and we are sorry to see him leave. He has been instrumental in the
development of all of BioMarin's products, dating back to the very early work
that he did on Aldurazyme while he was on the faculty of UCLA and before he
was an employee of BioMarin. We are very fortunate to have had his service
and fortunate that he has agreed to continue helping the company on a
consulting basis. Emil has done an excellent job building up the R&D
organization, particularly in the past three years, and we have outstanding
personnel in place to continue our innovation track and move forward with our
current development plan," said Jean-Jacques Bienaime, Chief Executive Officer
of BioMarin.
Dr. Kakkis joined BioMarin in September 1998. Prior to joining BioMarin,
he was an assistant professor at the Harbor-UCLA Medical Center, Division of
Genetics, Department of Pediatrics. Together with his colleague Elizabeth F.
Neufeld, Ph.D., of the University of California at Los Angeles (UCLA), Dr.
Kakkis discovered how to produce a recombinant form of alpha-L-iduronidase
(later to become known as Aldurazyme(R) [laronidase]), the enzyme which people
with mucopolysaccharidosis I (MPS I) are lacking. While at BioMarin, Dr.
Kakkis was instrumental in guiding Aldurazyme, Naglazyme and Kuvan through
development and regulatory approval. He also drove initial phases of
development of PEG-PAL pre-clinical, clinical, regulatory and research
organizations.
The company is initiating a search for a new Chief Medical Officer. It
hopes to have a new Chief Medical Officer by the end of the first quarter of
2009.
About BioMarin
BioMarin develops and commercializes innovative biopharmaceuticals for
serious diseases and medical conditions. The company's product portfolio
comprises three approved products and multiple clinical and pre-clinical
product candidates. Approved products include Naglazyme(R) (galsulfase) for
mucopolysaccharidosis VI (MPS VI), a product wholly developed and
commercialized by BioMarin; Aldurazyme(R) (laronidase) for
mucopolysaccharidosis I (MPS I), a product which BioMarin developed through a
50/50 joint venture with Genzyme Corporation; and Kuvan(R) (sapropterin
dihydrochloride) Tablets, for phenylketonuria (PKU), developed in partnership
with Merck Serono, a division of Merck KGaA of Darmstadt,Germany. Other
product candidates include 6R-BH4 for cardiovascular indications, which is
currently in Phase 2 clinical development for the treatment of peripheral
arterial disease and sickle cell disease, and PEG-PAL (PEGylated recombinant
phenylalanine ammonia lyase), which is currently in Phase 1 clinical
development for the treatment of PKU. For additional information, please
visit http://www.BMRN.com. Information on BioMarin's website is not
incorporated by reference into this press release.
Forward-Looking Statement
This press release contains forward-looking statements about the business
prospects of BioMarin Pharmaceutical Inc., including, without limitation,
statements about: the expectations related to the retirement of Dr. Kakkis,
the continued clinical development and commercialization of Aldurazyme,
Naglazyme, Kuvan, and its product candidates; and actions by regulatory
authorities. These forward-looking statements are predictions and involve
risks and uncertainties such that actual results may differ materially from
these statements. These risks and uncertainties include, among others:
results and timing of current and planned preclinical studies and clinical
trials; the content and timing of decisions by the U.S. Food and Drug
Administration, the European Commission and other regulatory authorities
concerning each of the described products and product candidates; and those
factors detailed in BioMarin's filings with the Securities and Exchange
Commission, including, without limitation, the factors contained under the
caption "Risk Factors" in BioMarin's 2007 Annual Report on Form 10-K, and the
factors contained in BioMarin's reports on Form 10-Q. Stockholders are urged
not to place undue reliance on forward-looking statements, which speak only as
of the date hereof. BioMarin is under no obligation, and expressly disclaims
any obligation to update or alter any forward-looking statement, whether as a
result of new information, future events or otherwise.
BioMarin(R), Naglazyme(R) and Kuvan(R) are registered trademarks of
BioMarin Pharmaceutical Inc.
Aldurazyme(R) is a registered trademark of BioMarin/Genzyme LLC.
Contact:
Investors Media
Eugenia Shen Susan Berg
BioMarin Pharmaceutical Inc. BioMarin Pharmaceutical Inc.
(415) 506-6570 (415) 506-6594
SOURCE BioMarin Pharmaceutical Inc.
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