Eurand Names Former Solvay Executive Jean-Louis Anspach President of U.S. Pharmaceuticals Business
16 Giugno 2010 - 1:00PM
Marketwired
Eurand N.V. (NASDAQ: EURX), a global specialty pharmaceutical
company, today announced the appointment of Jean-Louis Anspach as
President, Eurand Pharmaceuticals, Inc. (EPI). Anspach is a 25-year
veteran of the specialty pharmaceutical and chemical industries and
was most recently Executive Vice President, Marketing at Solvay
Pharmaceuticals, Inc. (acquired by Abbott Laboratories in February
2010). He will be based at EPI's commercial headquarters in
Yardley, Pa.
"We are delighted to welcome Jean-Louis to the Eurand team,"
said Gearóid Faherty, Chairman and Chief Executive Officer. "He
combines strong managerial and leadership skills with a broad
background in the specialty pharmaceutical sector that includes
several successful product launches, most recently the FDA-approved
formulation of another pancreatic enzyme product (PEP), Creon®. We
believe his expertise and experience in developing and executing
effective, impactful business plans and marketing strategies will
serve Eurand well both for the ongoing launch of ZENPEP® --
particularly at this time when only two FDA-approved PEPs are on
the market -- and for the future of our U.S. commercial
operations."
"This is an exciting time to join Eurand, with ZENPEP's growth
accelerating," Anspach said. "Achieving approximately 10% share of
the pancreatic enzyme market just six months after launch is
impressive and indicative of the potential of this franchise. I
look forward to assuming leadership of the ZENPEP commercial
efforts and helping the Company build a successful branded
specialty pharmaceuticals business in the U.S."
Prior to joining Eurand, Anspach served as Executive Vice
President, Marketing for Solvay Pharmaceuticals, Inc. In this role,
he successfully led the development and execution of business plans
for the cardio-metabolic, neuroscience, gastroenterology, women's
health and specialized markets franchises. His 25-year career at
Solvay included positions of increasing scope and responsibility in
general management, marketing, sales, business development,
investor relations and corporate finance.
Anspach received his "Ingenieur Commercial" degree from the
Universite Libre de Bruxelles (Belgium) and his MBA from the
University of Wisconsin-Madison.
Eurand also announced that Michael Walters, Executive Vice
President, Sales and Marketing, has resigned to pursue other
opportunities. Walters joined Eurand in December 2007 as part of
the acquisition of Source CF, a specialized pharmaceutical company
focused on the needs of cystic fibrosis patients, physicians and
caregivers.
"We are grateful for Mike's many contributions to Eurand, most
notably his leadership role in the establishment of our commercial
operations in the U.S.," said Faherty. "We wish him all the best in
his future endeavors."
About Eurand
Eurand is a specialty pharmaceutical company that develops,
manufactures and commercializes enhanced pharmaceutical and
biopharmaceutical products based on its proprietary pharmaceutical
technologies. Eurand has had six products approved by the FDA since
2001 and has a pipeline of product candidates in development for
itself and its collaboration partners. Its technology platforms
include bioavailability enhancement of poorly soluble drugs, custom
release profiles and taste-masking orally disintegrating tablet
(ODT) formulations. Eurand is a global company with facilities in
the U.S. and Europe. For more information, visit
www.eurand.com.
Forward-Looking Statement
This release and oral statements made with respect to
information contained in this release, including statements about
the market potential of ZENPEP, constitute forward-looking
statements. Such forward-looking statements include those which
express plan, anticipation, intent, contingency, goals, targets or
future development and/or otherwise are not statements of
historical fact. The words "expects," "potentially," "anticipates,"
"could," "calls for" and similar expressions also identify
forward-looking statements. These statements are based upon
management's current expectations and are subject to risks and
uncertainties, known and unknown, which could cause actual results
and developments to differ materially from those expressed or
implied in such statements. Factors that could affect actual
results include risks associated with our ability to market,
commercialize and achieve market acceptance for ZENPEP or to
develop or partner any of our other products. A non-exclusive list
of important factors that may affect future results may be found in
Eurand's filings with the Securities and Exchange Commission,
including its annual report on Form 20-F and periodic reports on
Form 6-K. Investors should evaluate any statement in light of these
important factors. Forward-looking statements contained in this
press release are made as of this date, and we undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.
Actual events could differ materially from those anticipated in the
forward-looking statements.
Creon® is a registered trademark of Abbott Laboratories.
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Contacts: Bill Newbould Vice President, Investor
Relations Eurand N.V. +1 267-759-9335 Email Contact Nick
Laudico/Sara Pellegrino The Ruth Group +1 646-536-7030/7002 Email
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