This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Discovery Labs Appoints John R. Leone To Board Of Directors

WARRINGTON, Pa., Nov. 14, 2012 /PRNewswire/ -- Discovery Laboratories, Inc. (Nasdaq: DSCO), a specialty biotechnology company dedicated to advancing a new standard in respiratory critical care, today announced it has appointed John R. Leone to the Company's Board of Directors, effective immediately.

"With over three decades of experience and an outstanding track record in pharmaceutical operations, commercial portfolio management, and financing life science companies, John's expertise will be invaluable to our Board," said W. Thomas Amick, Chairman of the Board and Chief Executive Offer at Discovery Labs, "As we prepare for the commercial launch of SURFAXIN ® and continue the development of AEROSURF ® and SURFAXIN LS™, John will bring an important perspective in guiding the business and financial strategies we employ as we build our Company."

Since 2007, Mr. Leone has been a Partner at Paul Capital Healthcare, a leading private equity firm that manages one of the largest dedicated healthcare funds globally.  At Paul Capital, Mr. Leone has focused on investment opportunities in commercial-stage life science companies.  From 2004 to 2006, Mr. Leone was President and Chief Executive Officer at Cambrex Corporation, a publicly-traded life sciences company providing innovative solutions that accelerate the development and commercialization of pharmaceutical products.  Previously, Mr. Leone served as Senior Vice President and Chief Operating Officer of U.S. Commercial Operations at Aventis Pharmaceuticals.  In this position he had responsibility for all commercial business units, including oncology, metabolism, cardiovascular, dermatology, respiratory and anti-infective.  Mr. Leone played a key role in spearheading the successful integration of its predecessor companies, Rhone-Poulenc Rorer and Hoechst Marion Roussel, to form Aventis.

"I am excited to join the Board to help guide and provide strategic input at this important juncture for the Company." said John R. Leone, "I am impressed with Discovery Labs' KL4 surfactant and aerosol delivery technologies and believe they have the potential to advance a new standard in respiratory critical care, beginning by addressing the unmet needs of premature infants at risk for respiratory distress syndrome (RDS).  I look forward to being a part of that change."

Mr. Leone's commercial experience also includes significant domestic and international executive management roles with Wyeth, where he held the following positions during his tenure: General Manager, Ayerst International; General Manager of commercial operations for Ayerst U.S.; Group Vice President of Wyeth International Marketing and General Manager, Vaccine and Pediatric Division.  Mr. Leone started his healthcare career at Pfizer Laboratories, where he held various senior marketing positions in both the U.S. and International groups and was responsible for the commercial launch of numerous pharmaceutical products.

Mr. Leone also serves on the Board of Directors at ViroPharma Incorporated.  Mr. Leone received his BS degree in Engineering from the U.S. Military Academy at West Point and his MBA from the University of Colorado.

ABOUT DISCOVERY LABSDiscovery Laboratories, Inc. is a specialty biotechnology company with one focus – to advance a new standard in respiratory critical care.  Discovery Labs' novel proprietary KL4 surfactant technology produces a synthetic, peptide-containing surfactant that is structurally similar to pulmonary surfactant and is being developed in liquid, lyophilized, and aerosolized dosage forms. Discovery Labs is also developing its proprietary drug delivery technologies to enable efficient delivery of aerosolized KL4 surfactant and other inhaled therapies. Discovery Labs believes that its proprietary technologies make it possible, for the first time, to develop a significant pipeline of products to address a variety of respiratory diseases for which there frequently are few or no approved therapies.  For more information, please visit our website at www.Discoverylabs.com.

Forward-Looking Statements To the extent that statements in this press release are not strictly historical, all such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.  Examples of such risks and uncertainties, including those related to the potential commercial introduction of SURFAXIN and AFECTAIR and Discovery Labs' research and development programs are described in Discovery Labs' filings with the Securities and Exchange Commission, including the most recent reports on Forms 10-K, 10-Q and 8-K, and any amendments thereto.

SOURCE Discovery Laboratories, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,177.47 -197.29 -1.20%
S&P 500 1,927.16 -23.97 -1.23%
NASDAQ 4,696.5470 -36.95 -0.78%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs