Egalet Appoints Industry Veteran John Varian to Board of Directors
WAYNE, Pa., June 7, 2018 /PRNewswire/ -- Egalet Corporation (Nasdaq: EGLT) ("Egalet"), a fully integrated specialty pharmaceutical company focused on developing, manufacturing and marketing innovative treatments for pain and other conditions, today announced the appointment of John Varian to its board of directors.
"John's successful thirty-five-year career working with biotechnology and specialty pharmaceutical companies will be valuable as we execute on our growth strategy," said Timothy P. Walbert, Egalet chairman of the board and chairman, president and chief executive officer (CEO) of Horizon Pharma plc. "Specifically, his financial and operational experience will be helpful as we focus on commercial execution and business development."
Over the past three decades, Mr. Varian has helped companies establish strategic direction, raise capital, launch pharmaceutical products, structure and negotiate corporate alliances, communicate with investors and execute business development transactions. He most recently served as the CEO and director of XOMA, an antibody business, where he led the refocusing and refinancing of the company. Prior to Xoma, Mr. Varian was the chief operating officer of Aryx Therapeutics, a company that he helped take public. Before his COO role at Aryx, he served as the chief financial officer at Anergen, Genset SA and Neurex Corp. Mr. Varian was senior vice president of finance and administration at Elan Pharmaceuticals, a company with approximately $800 million in product sales and 1,500 employees which acquired Neurex.
"Given the need to bring responsible pain medicines to individuals who need them, I look forward to working with the Egalet team on this important endeavor," said John Varian. "With differentiated products, a technology platform and business development capabilities, I believe that Egalet is well positioned for growth."
Prior to working in the healthcare industry, Mr. Varian was a certified public accountant (CPA). He is a member of the board of directors of Versartis Corporation and Sellas Life Sciences. He received his undergraduate degree from Western Michigan University.
Egalet, a fully integrated specialty pharmaceutical company, is focused on developing, manufacturing and commercializing innovative treatments for pain and other conditions. Egalet has three approved products: ARYMO® ER (morphine sulfate) extended-release tablets for oral use --CII, developed using Egalet's proprietary Guardian™ Technology, OXAYDO® (oxycodone HCI, USP) tablets for oral use only --CII and SPRIX® (ketorolac tromethamine) Nasal Spray. Using Guardian Technology, Egalet has developed a pipeline of clinical-stage, product candidates for which we are seeking partners including Egalet-002, an abuse-deterrent, extended-release, oral oxycodone formulation for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. Guardian Technology can be applied broadly across different classes of pharmaceutical products and can be used to develop combination products that include multiple active pharmaceutical ingredients with similar or different release profiles.
For full prescribing information on ARYMO ER, including the boxed warning and medication guide, please visit arymoer.com. For full prescribing information on SPRIX, including the boxed warning and medication guide, please visit sprix.com. For full prescribing information on OXAYDO, including the boxed warning and medication guide, please visit oxaydo.com.
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SOURCE Egalet Corporation
Company Codes: NASDAQ-NMS:EGLT