AVANIR Pharmaceuticals Appoints Craig Wheeler to Board Of Directors
September 27 2005 - 8:00AM
Business Wire
AVANIR Pharmaceuticals (AMEX:AVN) announced today that Craig A.
Wheeler has been elected to the company's Board of Directors to
fill a vacancy resulting from the resignation of Dennis J. Carlo,
Ph.D. Mr. Wheeler is the President of Chiron BioPharmaceuticals, a
division of the Chiron Corporation, where he is responsible for all
aspects of the division including commercial, research,
development, and manufacturing. Prior to joining Chiron, Mr.
Wheeler was a senior member of The Boston Consulting Group's health
care practice and a key contributor to the firm's practice in
hospital strategy, disease management, and pharmaceutical
capabilities. Mr. Wheeler is a board member of the CEO Roundtable
on Cancer, Inc., and the California Healthcare Institute (CHI). He
also currently serves on the IBM Life Science Strategic Advisory
Council and the Whitehead Institute for Biomedical Research's Board
of Associates. Mr. Wheeler holds a BS and an MS degree in chemical
engineering from Cornell University, and an MBA from the Wharton
School of the University of Pennsylvania, where he majored in
marketing and finance. "As we welcome Craig to AVANIR's Board of
Directors, we also thank Dr. Carlo for his seven years of service
on the Board," said Eric Brandt, AVANIR's President and CEO.
"Craig's experience running all aspects of biopharmaceutical
business as well as his broad industry relationships will offer
valuable counsel as AVANIR grows from a research-oriented company
into a fully integrated pharmaceutical company." AVANIR
Pharmaceuticals is focused on developing and commercializing novel
therapeutic products for the treatment of chronic diseases.
AVANIR's product candidates address therapeutic markets that
include central nervous system and cardiovascular disorders,
inflammation, and infectious disease. AVANIR recently submitted to
the FDA its New Drug Application for Neurodex(TM) for the treatment
of pseudobulbar affect. Additionally, AVANIR has initiated a Phase
3 clinical trial of Neurodex(TM) for the treatment of diabetic
neuropathic pain. AVANIR has active collaborations with two
international pharmaceutical companies, Novartis International
Pharmaceutical Ltd. for the treatment of inflammatory disease, and
AstraZeneca UK Limited for the treatment of cardiovascular disease.
The Company's first commercialized product, Abreva(R), is marketed
in North America by GlaxoSmithKline Consumer Healthcare and is the
leading over-the-counter product for the treatment of cold sores.
Further information about AVANIR can be found at www.avanir.com.
The information contained in this press release, including any
forward-looking statements contained herein, should be reviewed in
conjunction with the company's most recent Annual Report on Form
10-K and quarterly report on Form 10-Q and other publicly available
information regarding the Company. Copies of such information are
available from the company upon request. Such publicly available
information sets forth many risks and uncertainties related to the
company's business and technology. Forward-looking statements often
contain such words like "estimate," "anticipate," "believe," "plan"
or "expect". AVANIR disclaims any intent or obligation to update
these forward-looking statements.
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