Medgenics Strengthen Advisory Board
June 09 2010 - 2:30AM
UK Regulatory
TIDMMEDG
RNS Number : 2692N
Medgenics Inc
09 June 2010
MEDGENICS ENHANCES STRATEGIC ADVISORY BOARD
Misgav, Israel and London, UK -9 June 2010 - Medgenics, Inc. (AIM: MEDG, MEDU),
the company that has developed a novel technology for the manufacture and
delivery of therapeutic proteins continuously in patients using their own
tissue, announces the addition of a highly experienced Pharmaceutical
Executive, Mr. Burt Rosen, to its Strategic Advisory Board. As the Company
further develops its technology platform, a competency in dealing with the
regulatory and reimbursement issues becomes highly desirable. As a result, the
Company has decided to expand its Scientific Advisory Board to include members
that possess a wider range of professional and commercial skills that will be
required for the Company going forward.
Burt Rosen is a serial entrepreneur with over 20 years' experience. Burt has
developed and implemented Federal, State, and Communications strategies for five
major pharmaceutical and consumer product companies. Prior to its sale to
Johnson & Johnson in 2009 for $1.17B, Burt served on the Board of Directors of
Mentor Corporation, an NYSE listed medical device company. In his current
position as Vice President of Federal Government Relations for Purdue
Pharmaceuticals, Burt's primary responsibilities include providing strategic
advice and leadership to the senior management of that company, and to act as
Chairman of its Issues Co-ordinating Team.
Burt has been active in the government relations and communications industries
since 1978, and has worked for such high profile companies as SmithKline Beecham
(now GlaxoSmithKline), Bristol-Myers Squibb and Novartis. His duties have ranged
from developing legislation to identifying potential licensing and strategic
opportunities. The Board of Directors of Medgenics believes that the addition of
Burt will provide valuable assistance to the Company as it pursues partnering
opportunities and seeks regulatory approval, reimbursement from third party
payers (government and private) and sourcing of advocacy groups. The Board
further believes that he will be a key asset in strategic planning with
extensive contacts and many years of experience as a senior executive in the
pharmaceutical industry.
Commenting on the appointment, Dr Andrew Pearlman, CEO of Medgenics said: 'We
are delighted by this new appointment and believe that Burt's extensive contacts
among senior pharmaceutical executives will complement the work of our top team
leading our business development programme. In addition, the regulatory and
lobbying expertise among government and patient advocacy groups will be
invaluable as we seek to fully commercialise the Medgenics technology.'
For further information, contact:
+----------------------------------+--------------------------+
| Medgenics, Inc. | Phone: +972 4 902 8900 |
| Dr. Andrew L. Pearlman | |
| | |
+----------------------------------+--------------------------+
| De Facto Communications | Phone: +44 207 861 3838 |
| Mike Wort | |
| Anna Dunphy | |
| | |
+----------------------------------+--------------------------+
| Religare Capital Markets (Nomad) | Phone: +44 207 444 0800 |
| James Pinner | |
| Derek Crowhurst | |
| | |
+----------------------------------+--------------------------+
+----------------------------------+--------------------------+
| SVS Securities plc (Joint | Phone: +44 207 638 5600 |
| Broker) | |
| Alex Mattey | |
| Ian Callaway | |
| | |
+----------------------------------+--------------------------+
+----------------------------------+--------------------------+
| Nomura Code Securities (Joint | Phone: +44 207 776 1219 |
| Broker) | |
| Jonathan Senior | |
| | |
| | |
+----------------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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