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Advancis Pharmaceutical Appoints New Board
Member
GERMANTOWN, Md.
April 23, 2007
Advancis Pharmaceutical Corporation (Nasdaq: AVNC),
a pharmaceutical company focused on developing and commercializing
novel anti-infective products, today announced that it has appointed
Martin Vogelbaum to join the Advancis Board of Directors, expanding
the size of its board to seven directors.
Mr. Vogelbaum is a partner
with Rho Ventures, a venture capital firm focused on investing
in technology and healthcare companies
through all stages of capital formation. Prior to joining Rho
Ventures, Mr. Vogelbaum spent five years as a general partner of
Apple Tree
Partners, a life sciences venture capital firm, where he founded
several biotechnology companies. Previously, he was a general
partner of Oxford Bioscience Partners, which he joined in 1993.
Mr. Vogelbaum
currently serves on the Board of Directors of several privately-
held companies, including Chairman of Gloucester Pharmaceuticals.
Mr. Vogelbaum received his AB in biology and history from Columbia
University.
"We are delighted to have Martin join our Board of Directors,
as he brings a great deal of experience and additional perspective
that will be an asset to Advancis as we continue to implement our
current initiatives," said Dr. Edward Rudnic, Advancis president
and CEO. "I know the entire board joins me in welcoming Martin
to our Board of Directors and we look forward to his contributions
to our Company."
"I am pleased to be joining the Advancis board," commented
Mr. Vogelbaum. "We have been long standing investors in Advancis
so I look forward to helping the company achieve its full potential
as it moves into its next stage of development."
About Advancis Pharmaceutical
Corporation:
Advancis Pharmaceutical Corporation (Nasdaq: AVNC)
is a pharmaceutical company focused on the development and commercialization
of anti-infective
drug products that fulfill substantial unmet medical needs in the
treatment of infectious disease. The Company is developing anti-infective
drugs based on its novel biological finding that bacteria exposed
to antibiotics in front- loaded staccato bursts, or "pulses," are
killed more efficiently than those under standard treatment regimens.
Based on this finding, Advancis has developed a proprietary, once-a-day
pulsatile delivery technology called PULSYS(TM). By examining the
resistance patterns of bacteria and applying its delivery technologies,
Advancis has the potential to redefine infectious disease therapy
and significantly improve drug efficacy, shorten length of therapy,
and reduce drug resistance versus currently available antibacterial
products. For more on Advancis, please visit http://www.advancispharm.com.
This
announcement contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements are based on Advancis' current expectations and
assumptions. These statements are not guarantees of future performance
and are subject to a number of risks and uncertainties that would
cause actual results to differ materially from those anticipated.
The words, "believe," "expect," "intend," "anticipate," and
variations of such words, and similar expressions identify forward-looking
statements, but their absence does not mean that the statement
is not forward- looking. Statements in this announcement that
are forward-looking
include, but are not limited to, statements about the Company's
future development plans, clinical trials, and potential commercial
success.
The actual results realized by Advancis could
differ materially from these forward-looking statements, depending
in particular upon
the risks and uncertainties described in the Company's filings
with the Securities and Exchange Commission. These include, without
limitation,
risks and uncertainties relating to the Company's financial results
and the ability of the Company to (1) reach profitability, (2)
prove that the preliminary findings for its product candidates are
valid,
(3) receive required regulatory approvals, (4) successfully conduct
clinical trials in a timely manner with favorable results, (5)
establish its competitive position for its products, (6) develop
and commercialize
products that are superior to existing or newly developed competitor
products, (7) develop products without any defects, (8) have sufficient
capital resources to fund its operations, (9) protect its intellectual
property rights and patents, (10) implement its sales and marketing
strategy, (11) successfully attract and retain collaborative partners,
(12) successfully commercialize and gain market acceptance for
its Keflex products, and (13) retain its senior management and other
personnel. Existing and prospective investors are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of today's date. Advancis undertakes no obligation
to update or revise the information in this announcement, whether
as a result of new information, future events or circumstances
or
otherwise.
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