CAMBRIDGE, Mass., Dec. 1 /PRNewswire-FirstCall/ -- Advanced Magnetics, Inc. today announced that Davey S. Scoon has been elected to the company's Board of Directors and as Chair of its Audit Committee. The company also announced that Edward B. Roberts, PhD, Theodore I. Steinman, MD, and Sheldon L. Bloch, each of whom had previously announced their intention not to stand for re-election, resigned from the Board effective immediately.
Mr. Scoon, the current non-executive Chairman of the Board of Directors of Tufts Health Plan, also serves on the Board of Directors of Nitromed, Inc. and as Chairman of the Board of Trustees of Allianz Mutual Funds. He is an Adjunct Assistant Professor at the Tufts University School of Medicine. He was formerly Chief Administrative and Financial Officer of Tom's of Maine and Chief Financial and Administrative Officer of Sun Life Financial U.S.
The company's Board of Directors is now fixed at seven members. The current members of the Board include Jerome Goldstein (Executive Chairman), Brian J.G. Pereira, MD (Chief Executive Officer and President), Michael D. Loberg, Michael Narachi, Davey S. Scoon, Mark Skaletsky, and Ron Zwanziger.
On December 1, the Board of Directors also reconstituted the membership of its Audit and Compensation Committees. Effective immediately, the Audit Committee will be comprised of Davey S. Scoon (Chair), Michael D. Loberg, and Mark Skaletsky, and the Compensation Committee will be comprised of Mark Skaletsky (Chair), Michael Narachi, and Ron Zwanziger.
About Advanced Magnetics
Advanced Magnetics, Inc. is a developer of superparamagnetic iron oxide nanoparticles used in pharmaceutical products. As a leader in our field, we are dedicated to the development and commercialization of our proprietary nanoparticle technology for use in therapeutic iron compounds to treat anemia, as well as novel imaging agents to aid in the diagnosis of cancer and cardiovascular disease. For more information about us, please visit our website at http://www.advancedmagnetics.com , the content of which is not part of this press release.
Contact: Lynn Kettleson Clarke Communications Group lkettleson@clarkecommgroup.com (978) 463-7952
Advanced Magnetics, Inc.CONTACT: Lynn Kettleson of Clarke Communications Group for AdvancedMagnetics, Inc., +1-978-463-7952, lkettleson@clarkecommgroup.com
Web site: http://www.advancedmagnetics.com/
