MENLO PARK, Calif., December 8, 2014 — Corium International, Inc. (NASDAQ: CORI), a commercial-stage biopharmaceutical company focused on the development, manufacture and commercialization of specialty transdermal products, today announced the appointment of Ivan Gergel, M.D. to the Company’s Board of Directors.
“We are pleased to welcome Ivan Gergel to the Corium Board. Dr. Gergel’s appointment comes at a most opportune time given the progress we have made in our proprietary pipeline programs. His extensive background and expertise in drug development from early research through regulatory approval, especially in the CNS field, will be a terrific addition to our Board’s capabilities,” said Peter Staple, Corium’s President and Chief Executive Officer.
Dr. Gergel currently serves as Senior Vice President, Drug Development & Chief Medical Officer of Nektar Therapeutics, and brings more than 25 years of pharmaceutical leadership and drug development experience to Corium’s Board. From 2008 to 2014, Dr. Gergel served as Executive Vice President, Research & Development and Chief Scientific Officer of Endo Pharmaceuticals, where he oversaw clinical, research, regulatory, project management and medical affairs. While with Endo, Dr. Gergel was responsible for a number of late-stage development programs and product approvals, including BEMA® Buprenorphine, Abuse-Deterrent Opana® ER for chronic pain, and Fortesta® and Aveed™ for hypogonadism. Prior to joining Endo, Dr. Gergel served as Senior Vice President of Research and Development for Forest Laboratories, Inc. At Forest, he led successful development programs resulting in the approval of numerous new drug products to treat a range of CNS disorders and other medical conditions, including Celexa® for depression, Aerospan™ for asthma, Lexapro® for depression and generalized anxiety disorder and Namenda® for Alzheimer’s disease. He also oversaw the R&D team responsible for the successful in-licensing or acquisition of several new therapeutic agents. Prior to Forest, Dr. Gergel was a senior leader at SmithKline Beecham, where he led the U.S. clinical team responsible for the development and commercial support of Paxil®, which is approved to treat depression, panic disorder, generalized anxiety disorder and other conditions.
Dr. Gergel received his M.D. from The Royal Free Medical School of The University of London and an MBA from the Wharton School of The University of Pennsylvania.
Corium also announced that Daniel G. Welch has retired from the Board, effective December 4, 2014.
“We greatly appreciate Dan Welch’s long-tenured commitment and exceptional leadership as a Corium Board member over key stages of our growth,” said David L. Greenwood, Executive Chairman. “Dan’s experience and counsel have been invaluable in our transition to a public company that is advancing innovative technologies and an exciting therapeutic product pipeline.”
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