IntelGenx Corp. Welcomes New Chief Financial Officer, Paul Simmons
September 05 2008 - 5:00AM
Marketwired
IntelGenx Technologies Corp. (TSX: IGX)(OTCBB: IGXT)("IntelGenx") -
Management of IntelGenx welcomes Paul Simmons as Chief Financial
Officer, effective September 1, 2008. A financial executive with
more than 20 years of delivering fiscal gains and corporate growth
worldwide, his expertise is in assisting international corporations
to improved profitability. Paul has held CFO and VP-Finance
positions with several manufacturers in agricultural machinery,
hearing aids, and classic English knitwear.
"We welcome Paul to the IntelGenx Executive team and Canada. His
international background in corporate finance, business expansion,
mergers and acquisitions, process optimization and strategic
alliances will be a significant contribution as we take this
company to the next stages of success," said IntelGenx President
and CEO, Dr. Horst G. Zerbe.
Added Paul Simmons, "This is an extremely exciting time to join
IntelGenx, as it makes the significant move from pure R&D
operation to delivering product - our first launch is scheduled for
Q4 2008. I look forward to playing a part in strengthening the
company's financial position, and contributing to corporate
development and strategies."
About Paul Simmons
Paul brings significant international credentials to the finance
function with an Association of Financial Controllers and
Administration (AFCA) certification and a designation with the
Association of Accounting Technicians (MAAT). He is well versed in
U.S. Generally Accepted Accounting Principles (GAAP) and
International Financial Reporting Standards (IFRS).
He has led the transformation from one application to the other
in several organizations based on the commercial activities and
best practices required for the company in the country of
operation. Most recently he was employed within the CLAAS Group
(2003 - 08), initially based at Group HQ in Germany as Head of
Corporate Controlling until August 2005, and then seconded to the
baler manufacturing subsidiary (Usines CLAAS France) where he
implemented a successful turnaround - following many years of
continuous losses. In September 2006 Paul was seconded to French
subsidiary Renault Agriculture to restructure and integrate the
newly acquired Tractor Manufacturing Division into the CLAAS
Group.
About IntelGenx Corp.
IntelGenx Corp. is a drug delivery company focused on the
development of oral controlled-release products as well as novel
rapidly disintegrating delivery systems. The Company uses its
unique multiple layer delivery system to provide zero-order release
of active drugs in the gastro-intestinal tract. IntelGenx has also
developed novel delivery technologies for the rapid delivery of
pharmaceutically active substances in the oral cavity based on its
experience with rapidly disintegrating films. The Company's
research and development pipeline includes products for the
treatment of pain, hypertension, osteoarthritis, and depressive
disorders. More information is available about the company at
www.intelgenx.com.
This release may contain forward-looking statements. Various
factors could cause actual results to differ materially from those
projected in forward-looking statements. Although the Company
believes that the forward-looking statements contained herein are
reasonable, it can give no assurance that the Company's
expectations are correct. All forward-looking statements are
expressly qualified in their entirety by this cautionary
statement.
The TSX and OTCBB have neither approved nor disapproved of the
information contained herein.
Contacts: IntelGenx Corp. Dr. Horst G. Zerbe President and CEO
(514) 331-7440x201 Email: horst@IntelGenx.com Website:
www.intelgenx.com
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