NovaDel Names Robert G. Savage, Former Worldwide Head of Johnson & Johnson's Pharmaceutical Group, to Board
01 Março 2004 - 10:30AM
PR Newswire (US)
NovaDel Names Robert G. Savage, Former Worldwide Head of Johnson
& Johnson's Pharmaceutical Group, to Board FLEMINGTON, N.J.,
March 1 /PRNewswire-FirstCall/ -- NovaDel Pharma Inc. (BULLETIN
BOARD: NVDL) has named Robert G. Savage, former worldwidechairman
of Johnson & Johnson's Pharmaceutical Group, to its board of
directors. Mr. Savage has been a top pharmaceutical executive for
almost 20 years. As worldwide chairman of the Pharmaceuticals Group
at J & J, he managed a business with annual netsales of more
than $13 billion and 33,000 employees and was both a company
officer and a member of the executive committee. At J & J, Mr.
Savage led the acquisition and integration of Alza Pharmaceuticals,
the largest and most aggressive of J & J's acquisitions to
date. He also served J & J in the capacity of company group
chairman and president of Ortho-McNeil Pharmaceuticals. Most
recently, Mr. Savage was president for the General Therapeutics and
Inflammation Business for Pharmacia Corporation where he held
global responsibility for the inflammation portfolio. He has held
multiple positions at Hoffmann-La Roche and Sterling Drug, leading
marketing, business development and strategic planning. "Bob's
desire to join NovaDel's board is a tremendous vote of confidence
for our science and business strategy," said Gary A. Shangold, MD,
NovaDel's CEO. "The depth and breadth of his experience will add
significant strength to our planning and execution." Mr. Savage
serves as a director for Noven Pharmaceuticals, a leader in the
development of advanced drug delivery technologies; The Medicines
Company, a pharmaceutical company focusing on the development and
marketing of products that improve specialized care; and Vela
Pharmaceuticals, a specialty pharma company focusing on
pre-clinical research and clinical development. Mr. Savage received
a BS in biology from Upsala College and an MBA from Rutgers
University. About NovaDel Pharma Inc. NovaDel Pharma Inc. is a
specialty pharmaceutical company engaged in the development of
novel drug delivery systems for prescription and over-the- counter
drugs. The Company's proprietary lingual spray technology delivery
system offers the patient (i) fast onset of action; (ii) improved
drug safety by reducing the required drug dosage and reducing side
effects; (iii) improved patient convenience and compliance; and
(iv) enhanced dosage reliability. The Company plans to develop such
products independently and through collaborative arrangements with
majorpharmaceutical and biotech companies. Except for historical
information contained herein, this document contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
known and unknown risks and uncertainties that may cause the
Company's actual results or outcomes to be materially different
from those anticipated and discussed herein including, but not
limited to, the ability to develop products (independently and
through collaborative arrangements), and the ability to
commercialize and obtain approval for products under development.
Further, the Company operates in industries where securities may be
volatile and may be influenced by regulatory and other factors
beyond the Company's control. Important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's most recent Annual Report and
Registration Statements, filed with the Securities and Exchange
Commission. In assessing forward-looking statements contained
herein, if any, the reader is urged to carefully read all
cautionary statements contained in such filings. Contact: Barry C.
Cohen Thomas Redington VP Business &New Product Development 203
222-7399 908 782-3431 x 2160 212 926-1733 NovaDel Pharma Inc.
DATASOURCE: NovaDel Pharma Inc. CONTACT: Barry C. Cohen, VP
Business & New Product Development of NovaDel Pharma Inc.,
+1-908-782-3431 ext. 2160; or Thomas Redington of Redington, Inc.,
+1-203-222-7399, +1-212-926-1733, or
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