Former Amgen Manufacturing Executive Joins Insmed
25 Octobre 2006 - 11:05PM
Business Wire
Insmed Incorporated (NASDAQ: INSM) announced today the addition of
former Amgen executive Mr. Doug Farrar to Insmed�s manufacturing
operations in Boulder, Colorado as Vice-President of Insmed
Therapeutic Proteins. While at Amgen from 1987 to 2005, Mr. Farrar
had increasing operational and development responsibilities which
included Process Development, Clinical Manufacturing and Commercial
Manufacturing. With over 20 years of biotech industry operations
experience including 18 years with Amgen, Mr. Farrar has produced
over 20 products for use in Amgen clinical trials and has hosted
numerous approval and periodic inspections for the FDA, Europeans
and Health Canada. He has been involved in filing 11
Investigational New Drug (IND) Applications and 2 Biological
License Applications (BLA). He has worked on dozens of products
produced by recombinant DNA technology in microbial, yeast and
mammalian cells systems. Doug�s most recent role as Director of
Manufacturing included responsibility for the successful transition
of Amgen�s very large scale Lake Center manufacturing plant from
clinical to commercial production. �I am excited to be joining the
highly talented and innovative team at ITP and look forward to
making significant contributions to the continued success of Insmed
Inc.,� said Mr. Farrar. Insmed also announced that Mr. Dennis
Lanfear has joined the Company as a Strategic Consultant focusing
on production, commercialization and marketing areas. While at
Amgen from 1986 to 1999, Mr. Lanfear founded the Process
Development Department which became the preeminent organization of
its type in BioPharma and a key strategic advantage for the
company. During his tenure at Amgen, Mr. Lanfear directed efforts
from post-discovery to Phase III for several development programs
including wound healing, growth factors and neurotrophins. From
1986 to 1990, he managed Amgen�s corporate product development
relationship with SmithKlineBeecham. From 1990 to 1999, he managed
and had direct budgetary responsibility for the $135MM development
partnership with Regeneron Pharmaceuticals. He was also named vice
president of market development where he defined long term
competitive and reimbursement strategies for EpogenTM, a
multibillion dollar drug. Mr. Lanfear is President of Lanfear
Capital Advisors, focusing on investments in therapeutic product
and device companies. He is also a Director of Anthera
Pharmaceuticals, a clinical stage drug development company. �The
years of broad protein experience that Doug and Denny bring to
Insmed Therapeutic Proteins will significantly enhance our Iplex�
commercialization capabilities,� said Geoffrey Allan, President and
Chief Executive Officer of Insmed. About IPLEX IPLEX is approved in
the United States as the only once daily treatment for children
with short stature associated with severe primary IGF-I deficiency
(Primary IGFD). IPLEX, a complex of recombinant human IGF-I and its
binding protein IGFBP-3 (rhIGF-I/rhIGFBP-3), is the only
FDA-approved IGF-I replacement therapy that also replaces deficient
IGFBP-3 in these patients. The drug, which was launched in the
second quarter of 2006, is also being investigated for various
other indications with unmet medical needs, including severe
insulin resistance, myotonic muscular dystrophy and HIV Associated
Adipose Redistribution Syndrome (HARS). For more information about
IPLEX please go to www.go-IPLEX.com. About Insmed Insmed is a
biopharmaceutical company focused on the development and
commercialization of drugs for the treatment of metabolic diseases
and endocrine disorders with unmet medical needs. For more
information, please visit www.insmed.com. Forward Looking
Statements Statements included within this press release, which are
not historical in nature, may constitute forward-looking statements
for the purposes of the safe harbor provided by the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include, but are not limited to,
statements regarding the pending litigation and or future ability
to conduct our business as now conducted and as it is currently
proposed to be conducted. Such forward-looking statements are
subject to numerous risks and uncertainties, including but not
limited to the uncertainty of the outcome of any litigation with
Tercica, the risk that product candidates may fail in the clinic or
may not be successfully marketed or manufactured, the company may
lack financial resources to complete development of product
candidates or the FDA or other regulatory agencies may interpret
the results of our studies differently than we have. We can give no
assurances that we would be successful in any litigation or that
such litigation would not have a material adverse effect on our
business, financial condition and results of operation.
Furthermore, we may not be able to afford the expense of defending
against such a claim. As a result of these and other risks and
uncertainties, actual results may differ materially from those
described in this press release. For further information with
respect to factors that could cause actual results to differ from
expectations, reference is made to reports filed by the Company
with the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended. Insmed Incorporated (NASDAQ:
INSM) announced today the addition of former Amgen executive Mr.
Doug Farrar to Insmed's manufacturing operations in Boulder,
Colorado as Vice-President of Insmed Therapeutic Proteins. While at
Amgen from 1987 to 2005, Mr. Farrar had increasing operational and
development responsibilities which included Process Development,
Clinical Manufacturing and Commercial Manufacturing. With over 20
years of biotech industry operations experience including 18 years
with Amgen, Mr. Farrar has produced over 20 products for use in
Amgen clinical trials and has hosted numerous approval and periodic
inspections for the FDA, Europeans and Health Canada. He has been
involved in filing 11 Investigational New Drug (IND) Applications
and 2 Biological License Applications (BLA). He has worked on
dozens of products produced by recombinant DNA technology in
microbial, yeast and mammalian cells systems. Doug's most recent
role as Director of Manufacturing included responsibility for the
successful transition of Amgen's very large scale Lake Center
manufacturing plant from clinical to commercial production. "I am
excited to be joining the highly talented and innovative team at
ITP and look forward to making significant contributions to the
continued success of Insmed Inc.," said Mr. Farrar. Insmed also
announced that Mr. Dennis Lanfear has joined the Company as a
Strategic Consultant focusing on production, commercialization and
marketing areas. While at Amgen from 1986 to 1999, Mr. Lanfear
founded the Process Development Department which became the
preeminent organization of its type in BioPharma and a key
strategic advantage for the company. During his tenure at Amgen,
Mr. Lanfear directed efforts from post-discovery to Phase III for
several development programs including wound healing, growth
factors and neurotrophins. From 1986 to 1990, he managed Amgen's
corporate product development relationship with SmithKlineBeecham.
From 1990 to 1999, he managed and had direct budgetary
responsibility for the $135MM development partnership with
Regeneron Pharmaceuticals. He was also named vice president of
market development where he defined long term competitive and
reimbursement strategies for Epogen(TM), a multibillion dollar
drug. Mr. Lanfear is President of Lanfear Capital Advisors,
focusing on investments in therapeutic product and device
companies. He is also a Director of Anthera Pharmaceuticals, a
clinical stage drug development company. "The years of broad
protein experience that Doug and Denny bring to Insmed Therapeutic
Proteins will significantly enhance our Iplex(TM) commercialization
capabilities," said Geoffrey Allan, President and Chief Executive
Officer of Insmed. About IPLEX IPLEX is approved in the United
States as the only once daily treatment for children with short
stature associated with severe primary IGF-I deficiency (Primary
IGFD). IPLEX, a complex of recombinant human IGF-I and its binding
protein IGFBP-3 (rhIGF-I/rhIGFBP-3), is the only FDA-approved IGF-I
replacement therapy that also replaces deficient IGFBP-3 in these
patients. The drug, which was launched in the second quarter of
2006, is also being investigated for various other indications with
unmet medical needs, including severe insulin resistance, myotonic
muscular dystrophy and HIV Associated Adipose Redistribution
Syndrome (HARS). For more information about IPLEX please go to
www.go-IPLEX.com. About Insmed Insmed is a biopharmaceutical
company focused on the development and commercialization of drugs
for the treatment of metabolic diseases and endocrine disorders
with unmet medical needs. For more information, please visit
www.insmed.com. Forward Looking Statements Statements included
within this press release, which are not historical in nature, may
constitute forward-looking statements for the purposes of the safe
harbor provided by the Private Securities Litigation Reform Act of
1995. Forward-looking statements in this press release include, but
are not limited to, statements regarding the pending litigation and
or future ability to conduct our business as now conducted and as
it is currently proposed to be conducted. Such forward-looking
statements are subject to numerous risks and uncertainties,
including but not limited to the uncertainty of the outcome of any
litigation with Tercica, the risk that product candidates may fail
in the clinic or may not be successfully marketed or manufactured,
the company may lack financial resources to complete development of
product candidates or the FDA or other regulatory agencies may
interpret the results of our studies differently than we have. We
can give no assurances that we would be successful in any
litigation or that such litigation would not have a material
adverse effect on our business, financial condition and results of
operation. Furthermore, we may not be able to afford the expense of
defending against such a claim. As a result of these and other
risks and uncertainties, actual results may differ materially from
those described in this press release. For further information with
respect to factors that could cause actual results to differ from
expectations, reference is made to reports filed by the Company
with the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended.
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