Cardiome Announces Management Appointments
22 Februar 2007 - 6:03PM
PR Newswire (US)
NASDAQ: CRME TSX: COM VANCOUVER, Feb. 22 /PRNewswire-FirstCall/ --
Cardiome Pharma Corp. (NASDAQ: CRMENASDAQ:/NASDAQ:TSX:NASDAQ:COM)
today announced the following management appointments. Dr. Don
McAfee has been promoted to the position of Chief Scientific
Officer. Dr. McAfee joined Cardiome in 2004 as Vice President of
New Product Development and was most recently Vice President of
Research. He has been a scientist and manager in academia and
industry for more than 40 years. As Founder, CEO and CTO of Aderis
Pharmaceuticals, Inc. (formerly Discovery Therapeutics, Inc.), he
led the discovery and development of a number of clinical
candidates including a therapeutic patch for Parkinson's disease
now marketed, and an adenosine related cardiovascular drug still in
development. Dr. Alan Ezrin, who had been acting as Chief
Scientific Officer on a consulting basis, will continue his
involvement with Cardiome as a consultant. Cardiome is also pleased
to announce the appointment of Karim Lalji to the position of
Senior Vice President, Commercial Affairs. Bringing over 16 years
of experience in pharmaceutical business strategy, product
commercialization and marketing to Cardiome, Mr. Lalji was
previously Vice President of Business Strategy and New Product
Commercialization at Sepracor, Inc. At Sepracor, he was responsible
for the commercial success of their pipeline of drug candidates,
including identifying which products to take into development and
ensuring that the development program and marketing strategy
resulted in successful product launches. One of the key
achievements for Mr. Lalji at Sepracor was his leadership in the
development and launch of Lunesta (eszopiclone) for the treatment
of insomnia. Mr. Lalji's earlier experience includes ten years with
Merck & Company, where he led several successful product
launches. Mr. Lalji also has cardiovascular experience from Merck
as the Director of Business Strategy for the cholesterol reducers
and hypertension/heart failure franchises. Mr. Lalji is currently a
member of the Board of Overseers at the Beth Israel Deaconess
Hospital Medical Center in Boston, Massachusetts, an academic
teaching hospital for Harvard Medical School. Mr. Lalji holds a
Bachelors Degree in Business Administration from Simon Fraser
University and a Science Masters in Health Policy and Management
from Harvard University. He was awarded the Wilinsky Prize for
Academic Excellence while at Harvard. "Don has proven himself as a
key member of our management team, with this new role being an
extension of his current mandate, while Karim's knowledge and
experience will be invaluable to us as Cardiome moves closer to
commercialization," said Bob Rieder, Chief Executive Officer of
Cardiome. "We would like to thank Alan for the substantial
contribution that he has made to Cardiome's development since he
joined in 2001, and we look forward to his continued contribution
as a valued consultant." About Cardiome Pharma Corp. Cardiome
Pharma Corp. is a product-focused cardiovascular drug development
company with two clinical drug programs focused on atrial
arrhythmia (intravenous and oral dosing), and a pre-clinical
program directed at improving cardiovascular function. Vernakalant
(iv) is the intravenous formulation of an investigational drug
being evaluated for the acute conversion of atrial fibrillation
(AF). Positive top-line results from two pivotal Phase 3 trials for
vernakalant (iv), called ACT 1 and ACT 3, were released in December
2004 and September 2005. An additional Phase 3 study evaluating
patients with post-operative atrial arrhythmia, called ACT 2, and
an open-label safety study evaluating recent-onset AF patients,
called ACT 4, are ongoing. Cardiome's co-development partner
Astellas Pharma US, Inc. submitted a New Drug Application for
vernakalant (iv) in December 2006. Vernakalant (oral) is being
investigated as a chronic-use oral drug for the maintenance of
normal heart rhythm following termination of AF. Cardiome announced
positive results from a Phase 2a pilot study for vernakalant (oral)
in September 2006. Cardiome is traded on the Toronto Stock Exchange
(COM) and the NASDAQ National Market (CRME). Forward-Looking
Statement Disclaimer Certain statements in this press release
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 or forward-looking
information under applicable Canadian securities legislation that
may not be based on historical fact, including without limitation
statements containing the words "believe", "may", "plan", "will",
"estimate", "continue", "anticipate", "intend", "expect" and
similar expressions. Such forward-looking statements or information
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, events or developments, or
industry results, to be materially different from any future
results, events or developments expressed or implied by such
forward-looking statements or information. Such factors include,
among others, our stage of development, lack of product revenues,
additional capital requirements, risk associated with the
completion of clinical trials and obtaining regulatory approval to
market our products, the ability to protect our intellectual
property, dependence on collaborative partners and the prospects
for negotiating additional corporate collaborations or licensing
arrangements and their timing. Specifically, certain risks and
uncertainties that could cause such actual events or results
expressed or implied by such forward-looking statements and
information to differ materially from any future events or results
expressed or implied by such statements and information include,
but are not limited to, the risks and uncertainties that: we may
not be able to successfully develop and obtain regulatory approval
for vernakalant (iv) or vernakalant (oral) in the treatment of
atrial fibrillation or any other current or future products in our
targeted indications; our future operating results are uncertain
and likely to fluctuate; we may not be able to raise additional
capital; we may not be successful in establishing additional
corporate collaborations or licensing arrangements; we may not be
able to establish marketing and sales capabilities and the costs of
launching our products may be greater than anticipated; we rely on
third parties for the continued supply and manufacture of
vernakalant (iv) and vernakalant (oral) and we have no experience
in commercial manufacturing; we may face unknown risks related to
intellectual property matters; we face increased competition from
pharmaceutical and biotechnology companies; and other factors as
described in detail in our filings with the Securities and Exchange
Commission available at http://www.sec.gov/ and the Canadian
securities regulatory authorities at http://www.sedar.com/. Given
these risks and uncertainties, you are cautioned not to place undue
reliance on such forward-looking statements and information, which
are qualified in their entirety by this cautionary statement. All
forward-looking statements and information made herein are based on
our current expectations and we undertake no obligation to revise
or update such forward-looking statements and information to
reflect subsequent events or circumstances, except as required by
law. CONTACT: Peter K. Hofman, Senior Director, Investor Relations,
(604) 676-6993 or Toll Free: 1-800-330-9928, Email: DATASOURCE:
Cardiome Pharma Corp. CONTACT: Peter K. Hofman, Senior Director,
Investor Relations, (604) 676-6993 or Toll Free: 1-800-330-9928,
Email:
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