A.P. Pharma, Inc. (OTCBB: APPA.OB), a specialty pharmaceutical company, today announced the appointment of Barry D. Quart, Pharm.D., and Stephen R. Davis, to its board of directors. Both Dr. Quart and Mr. Davis are members of the executive management team of Ardea Biosciences, which recently was acquired by AstraZeneca (NYSE: AZN) for $1.26 billion. Their appointments bring the number of A.P. Pharma board members to six.
“Barry and Steve bring deep industry experience and impressive track records to A.P. Pharma’s board at a pivotal time in the Company’s development,” said John B. Whelan, A.P. Pharma's president and chief executive officer. “Gaining access to Barry’s significant drug development and regulatory experience will be invaluable as we seek FDA approval for our lead product candidate, APF530, for the prevention of chemotherapy-induced nausea and vomiting. Furthermore, Steve’s proven business acumen will be instrumental as we prepare for the potential commercialization of APF530 and look to maximize the value of both this asset and our Biochronomer™ drug delivery platform.”
Dr. Quart has been president, chief executive officer and a director of Ardea Biosciences, a biopharmaceutical company, since its founding in December 2006. Previously, he was with Pfizer (NYSE: PFE) as senior vice president, Pfizer Global Research and Development and the director of Pfizer's La Jolla Laboratories, where he was responsible for approximately 1,000 employees and an annual budget of almost $300 million. Prior to Pfizer's acquisition of the Warner-Lambert Company, Dr. Quart was president of research and development at Agouron Pharmaceuticals, Inc., a division of the Warner-Lambert Company. Dr. Quart had joined Agouron in 1993 and was instrumental in the development and registration of nelfinavir (Viracept®), which went from the lab bench to new drug application approval in 38 months. Dr. Quart received his Pharm.D. from University of California, San Francisco.
Mr. Davis has been executive vice president and chief operating officer of Ardea Biosciences since April 2010. Prior to joining Ardea, Mr. Davis served as president, chief executive officer and a director of Neurogen Corporation, which was acquired by Ligand Pharmaceuticals (NASDAQ: LGND) in December 2009. Prior to his appointment as chief executive officer of Neurogen, Mr. Davis served as its executive vice president and chief operating officer and in several other executive roles. While at Neurogen, Mr. Davis completed numerous collaborations with global pharmaceutical companies. Prior to Neurogen, Mr. Davis practiced as a corporate and securities attorney with Milbank, Tweed, Hadley & McCloy LLP. Previously, he practiced as a Certified Public Accountant with Arthur Andersen & Co. Mr. Davis received his B.S. in Accounting from Southern Nazarene University and his J.D. from Vanderbilt University.
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