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OvaScience Appoints David Stern To Executive Vice President, Global Commercial Operations

Stocks in this article: OVAS

OvaScienceSM, (NASDAQ: OVAS), a life sciences company focused on the discovery, development and commercialization of new treatments for infertility, announced today the appointment of David Stern to the position of Executive Vice President, Global Commercial Operations, in preparation for the Company’s international introduction of AUGMENT SM. Mr. Stern joins OvaScience from EMD Serono, Inc. (an affiliate of Merck KGaA), where he most recently served as Head Global Business Franchise, Fertility. He will assume his new role in February 2014.

“David is one of the most experienced and talented senior executives in the fertility field, having launched and supported more than ten fertility brands,” said Michelle Dipp, M.D., Ph.D., Chief Executive Officer of OvaScience. "He has strong relationships with fertility clinics and key opinion leaders worldwide, and his knowledge of the regional dynamics of international in vitro fertilization (IVF) markets will be important as we make AUGMENT available in select clinics outside the U.S. this year.”

“I am joining OvaScience because I am confident that the Company’s egg precursor cell technology platform provides an innovative and unique opportunity to develop new treatment options for fertility patients,” said Mr. Stern. “I look forward to bringing AUGMENT to doctors and patients in international IVF clinics this year, and continuing to introduce additional infertility treatment options in the future.”

Mr. Stern joined EMD Serono in 2003, and rose to the position of Head Global Business Franchise, Fertility, a business with over a billion dollars in revenue annually. Prior to his career at EMD Serono, Mr. Stern had ten years of experience working closely with fertility clinics in sales and marketing roles for Organon Pharmaceuticals. In June 2011, he was recognized as one of the top 30 Emerging Leaders under 45 in the Pharmaceutical Industry by Pharmaceutical Executive magazine. Mr. Stern graduated from Brandeis University and received his M.B.A. from Babson College.

OvaScience also announced that Christopher Bleck will assume the role of Head of Sales and Marketing within the commercial organization. In addition, Alison Lawton, Chief Operating Officer, will be leaving to pursue other opportunities. Dr. Dipp added, “We thank Alison for helping to prepare OvaScience for the launch of its first product and wish her well in her future endeavors.”

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