ADVENTRX Appoints Vice President of Commercialization
October 08 2007 - 6:00AM
PR Newswire (US)
SAN DIEGO, Oct. 8 /PRNewswire-FirstCall/ -- ADVENTRX
Pharmaceuticals, Inc. (AMEX:ANX), a biopharmaceutical research and
development company focused on commercializing proprietary product
candidates for the treatment of cancer and infectious diseases,
announced today that it has appointed Mark Erwin to the new
position of vice president of commercialization. Mr. Erwin will be
responsible for defining, developing and leading the company's
commercial operations. "We are pleased to have recruited Mark to
our team," said Evan M. Levine, ADVENTRX chief executive officer.
"Mark brings tremendous experience in commercialization and
oncology product launch leadership, which will be crucial as we
move forward with ANX-530, a novel emulsion formulation of
vinorelbine, for which ADVENTRX plans to submit an NDA to the FDA
next year, pending positive results from our on-going
bioequivalence study." Most recently, Mr. Erwin served as senior
director of program development for Centric Health Finance, LLC,
which offers financial services for private practice oncologists.
Other prior roles include director of oncology marketing for Ligand
Pharmaceuticals Corp. and head of government affairs and
reimbursement for IDEC Pharmaceuticals, Inc. Mr. Erwin began his
career in a variety of sales and marketing roles with Eli Lilly
& Co., including product manager for the launch of Lilly's
oncology business in the US, and he holds a degree in chemistry
from Purdue University. About ANX-530 (vinorelbine emulsion)
ANX-530 is a novel emulsion formulation of vinorelbine tartrate, a
generic chemotherapy agent. ANX-530 is designed to reduce the
incidence and severity of vein irritation from IV-delivery of
vinorelbine tartrate. Vinorelbine tartrate works by disrupting
microtubule formation and is a member of the vinca alkaloid class
of antineoplastic agents. Vinorelbine is indicated as a single
agent or in combination with cisplatin for treatment of advanced
non-small cell lung cancer and has also shown activity in breast,
ovarian, and other cancers. About ADVENTRX Pharmaceuticals ADVENTRX
Pharmaceuticals is a biopharmaceutical research and development
company focused on commercializing proprietary product candidates
for the treatment of cancer and infectious diseases. The Company
seeks to improve the performance and safety of existing treatments
by addressing significant problems such as drug metabolism,
bioavailability, excessive toxicity and treatment resistance. More
information can be found on the Company's web site at
http://www.adventrx.com/. Forward Looking Statement ADVENTRX
cautions you that statements included in this press release that
are not a description of historical facts are forward-looking
statements that involve risks, uncertainties, assumptions and other
factors that, if they do not materialize or prove to be accurate,
could cause ADVENTRX's results to differ materially from historical
results or those expressed or implied by such forward-looking
statements. These risks and uncertainties include, but are not
limited to: the risk that preclinical and clinical results are not
indicative of the success of subsequent clinical trials and that
products will not perform as preclinical and clinical data suggests
or as otherwise anticipated; the FDA's views on the appropriateness
of seeking marketing approval of ANX-530 under Section 505(b)(2);
difficulties or delays in developing, testing, manufacturing and
marketing and obtaining regulatory approval for ANX-530, including
receiving necessary regulatory approvals for clinical trials of
ANX-530 and the potential for automatic injunctions regarding FDA
approval of ANX-530 and other challenges by patent holders during
the Section 505(b)(2) process; uncertainty under Section 505(b)(2)
resulting from legal action against the FDA and the potential that
future interpretations of Section 505(b)(2) could delay or prevent
the FDA from approving any Section 505(b)(2) NDA; the potential for
regulatory authorities to require additional preclinical work or
other clinical requirements to support regulatory filings; patent
and non-patent exclusivity covering docetaxel; the risk that
ADVENTRX will be unable to raise sufficient capital to fund the
projects necessary to meet its anticipated or stated goals and
milestones, including funding the continued development of ANX-530;
and other risks and uncertainties more fully described in
ADVENTRX's press releases and periodic filings with the Securities
and Exchange Commission. ADVENTRX's public filings with the
Securities and Exchange Commission are available at
http://www.sec.gov/. You are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date when made. ADVENTRX does not intend to revise or update any
forward-looking statement, including as set forth in this press
release, to reflect events or circumstances arising after the date
on which it was made. DATASOURCE: ADVENTRX Pharmaceuticals, Inc.
CONTACT: Investors, Ioana C. Hone of ADVENTRX Pharmaceuticals,
+1-858-552-0866 Web site: http://www.adventrx.com/
Copyright
Adventrx (AMEX:ANX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Adventrx (AMEX:ANX)
Historical Stock Chart
From Jul 2023 to Jul 2024