SCOLR Pharma, Inc. Announces Appointment of Bruce S. Morra, Ph.D., as President & CEO
02 Fevereiro 2009 - 4:05PM
PR Newswire (US)
BOTHELL, Wash., Feb. 2 /PRNewswire-FirstCall/ -- SCOLR Pharma, Inc.
(NYSE Alternext US: DDD) today announced that the board of
directors has appointed Bruce S. Morra, Ph.D., M.B.A., to serve as
president and chief executive officer. Dr. Morra has served as a
member of the SCOLR Pharma board of directors since August 2007.
Michael N. Taglich, Chairman of SCOLR Pharma's board of directors,
said, "We are very pleased that Dr. Morra has agreed to become
SCOLR Pharma's CEO. Since Dr. Morra's appointment to the board, he
has been an able and trusted advisor. Given our longstanding belief
that SCOLR's success will stem from maximizing opportunities for
our proprietary CDT(R) technology in the pharmaceutical and
over-the-counter arena, Dr. Morra's level of experience earned as
an executive at numerous specialty pharmaceutical and healthcare
companies coupled with his strategic alliance and business
development expertise, makes him the right executive to assume
leadership of our Company." Dr. Morra has extensive experience in
the pharmaceutical, medical device, biotechnology and polymers
industries. Since 1998, Dr. Morra has been a Board Member and
consultant for various public and private life science companies.
He previously served as the President of West Pharmaceutical
Services Drug Delivery and Contract Clinical Research businesses.
Prior to this, Dr. Morra held several senior executive management
positions including as Chief Business Officer of Progenitor Cell
Therapy, as President, COO and CFO of Biopore Corporation and
Polygenetics, Inc., as President, COO and Founder of Flamel
Technologies, Inc's U.S. subsidiary, and as President of ISP
Filters, a subsidiary of GAF Corporation. He received his B.S.E in
Chemical Engineering from Princeton, a Ph.D. in Polymer Science and
Engineering and an M.B.A. from the University of Massachusetts at
Amherst. Commenting on his appointment, Dr. Morra, said, "The board
has a great deal of confidence in the executive team and in all of
the SCOLR employees. I am honored to assume the role of CEO of
SCOLR, and I look forward to leading the Company. SCOLR has made
important advancements in its two primary programs, ibuprofen and
pseudoephedrine, and is in a great position to build on its
innovative CDT technology and development pipeline. I welcome the
challenges and opportunities ahead as we work to advance the
Company's strategy to expand our business and move our product
candidates through the FDA process towards the market place." About
SCOLR Pharma: Based in Bothell, Washington, SCOLR Pharma, Inc. is a
specialty pharmaceutical company. SCOLR Pharma's corporate
objective is to combine its formulation expertise and its patented
CDT platform to develop novel pharmaceutical, over-the-counter
(OTC), and nutritional products. Our CDT drug delivery platform is
based on multiple issued and pending patents and other intellectual
property for the programmed release or enhanced performance of
active pharmaceutical ingredients and nutritional products. For
more information on SCOLR Pharma, please call 425.368.1050 or visit
http://www.scolr.com/. This press release contains forward-looking
statements (statements which are not historical facts) within the
meaning of the Private Securities Litigation Reform Act of 1995,
including without limitation statements related to the timing and
success of our products under development and the potential for
alliances. These forward-looking statements involve risks and
uncertainties, including activities, events or developments that we
expect, believe or anticipate will or may occur in the future. A
number of factors could cause actual results to differ from those
indicated in the forward-looking statements, including our ability
to successfully develop new formulations and complete research and
development, including pre-clinical and clinical studies, our
ability to raise additional funds, the continuation of arrangements
with our product development partners and customers, competition,
government regulation and approvals, and general economic
conditions. For example, if our clinical trials are not successful
or take longer to complete than we expect, we may not be able to
develop and commercialize our products and we may not obtain
regulatory approval for our products, which would materially impair
our ability to generate revenue. Additional assumptions, risks and
uncertainties are described in detail in our registration
statements, reports and other filings with the Securities and
Exchange Commission. Such filings are available on our website or
at http://www.sec.gov/. You are cautioned that such statements are
not guarantees of future performance and that actual results or
developments may differ materially from those set forth in the
forward-looking statements. We undertake no obligation to publicly
update or revise forward-looking statements to reflect subsequent
events or circumstances. Contact: Investor Relations: Cameron
Associates Kevin McGrath 212.245.4577 DATASOURCE: SCOLR Pharma,
Inc. CONTACT: Investor Relations: Kevin McGrath of Cameron
Associates, +1-212-245-4577, Web Site: http://www.scolr.com/
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