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Corgentech, Inc. (CGTK) Announces Appointment Of Susan Kramer As Vice President Of Preclinical Development



5/30/2006 10:34:24 AM

SOUTH SAN FRANCISCO, Calif., May 30 /PRNewswire-FirstCall/ -- Corgentech Inc. today announced the appointment of Susan Kramer, Dr.P.H. as vice president of preclinical development.

"Susan's more than 20 years of leading research, preclinical and clinical development programs will be instrumental in providing robust support for our future clinical programs and advancement of pain products into our development pipeline," said John P. McLaughlin, chief executive officer of Corgentech.

Dr. Kramer joins Corgentech from BAS Medical, where she was a co-founder and served as vice president of research and development from 2003 to 2006. She was instrumental in the initiation of the company's preclinical and clinical programs. Prior to BAS Medical, Dr. Kramer worked at Genentech for 18 years in a number of roles of increasing management responsibility, including director of product development, senior director of bioanalytical technology and ultimately as senior director of development sciences operations and strategic planning. She served as project team leader for products Actimmune(R) and Raptiva(R). She led numerous pharmacology teams and served on several key committees, including the Product Development Committee.

Prior to Genentech, Dr. Kramer served as the director of Medical Laboratories in Montes Claros, Minas Gerais, Brazil as a Peace Corps Volunteer, followed by a stint as head of the clinical virology laboratory at the UCSF Medical Center at the onset of the AIDS epidemic. Dr. Kramer holds Dr.P.H. and M.P.H. degrees in Biomedical Sciences from the University of California, Berkeley.

About Corgentech

Corgentech is a late-stage biopharmaceutical company that seeks to be the leader in the development and commercialization of novel therapeutic treatments for pain. The company has four drug candidates in clinical development for multiple potential indications, the most advanced of which, 3268, has completed Phase 3 clinical trials. To reflect the company's core focus on novel pain management therapies, the board of directors recently voted to change the company name to Anesiva. If approved by stockholders at the annual meeting on June 21, 2006, the name change will become effective immediately thereafter. Corgentech is based in South San Francisco, CA.

Forward Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include, without limitation, projected timing of clinical development and other matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: whether Corgentech can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in Corgentech's quarterly report on Form 10-Q for the quarter ended March 31, 2006.

Corgentech undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Corgentech Inc.

CONTACT: Richard Powers, Chief Financial Officer of Corgentech Inc.,+1-650-624-9600, or investors@corgentech.com; or Media, Daryl Messinger,WeissComm Partners, +1-415-999-2361, or daryl@weisscommpartners.com, forCorgentech Inc.


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