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

IGI Laboratories, Inc. Appoints Damian Finio To Board Of Directors

BUENA, N.J., April 2, 2014 /PRNewswire/ -- IGI Laboratories, Inc. (NYSE MKT: IG), a New Jersey-based generic topical pharmaceutical company, today announced that it has appointed Damian Finio to its Board of Directors.  Mr. Finio will serve as the new Chairman of the Company's Audit Committee.  The Company had announced on March 31, 2014, that Michael Hemric, a Director of the Company has resigned effective April 1, 2014, and Joyce Erony, the Company's chairperson and director, had decided not to run for re-election at the Company's annual meeting on May 27, 2014.
IGI Laboratories logo

Jason Grenfell-Gardner, President and CEO of the Company, commented, "We are very pleased Damian has agreed to join our Board of Directors.  I believe his financial expertise will be a tremendous asset to our audit committee and our Board."  Mr. Grenfell-Gardner continued, "We would like to extend our sincere gratitude to Michael Hemric and Joyce Erony for their service to the Company.  Michael and Joyce have been a critical part in the Company's transformation since 2009.  We wish them well in their future endeavors."

Mr. Finio is currently President of Mountain Run Advisors LLC., a niche financial consulting firm.  Prior to this role, Mr. Finio was VP & Chief Financial Officer of West-Ward Pharmaceuticals.  West-Ward is a $500 million generic pharmaceutical manufacturer based in New Jersey owned by HIKMA Pharmaceuticals.  HIKMA is a $1.0 billion global pharmaceutical manufacturer headquartered in Amman, Jordan, and traded on the London Stock Exchange.  Before joining West-Ward, Mr. Finio was VP, Finance, at Daiichi Sankyo Pharma Development, a large Japanese pharmaceutical company, where he managed both Finance and Outsourcing, and chaired the organization's Global R&D Finance Committee.   Prior to Daiichi Sankyo, he worked at AstraZeneca for nearly 14 years in a variety of financial roles with increasing responsibility, the last of which was Senior Director, Managed Markets Finance.  He began his career in public accounting with KPMG, holds a B.S. in Accounting from The Pennsylvania State University and an MBA from The University of Delaware.  He is also a Certified Public Accountant and Certified Treasury Professional.

About IGI Laboratories, Inc.IGI Laboratories is a generic topical pharmaceutical company.  We develop and manufacture topical formulations for the pharmaceutical, OTC, and cosmetic markets. Our mission is to be a leading player in the generic topical prescription drug market.

Forward-Looking StatementsThis press release includes certain "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions, and other statements that are not historical facts and statements and are identified by words such as "plan," "believe," "continue," "should" or words of similar import. Actual results may differ materially from any results predicted, and reported results should not be considered as an indication of future performance.  Factors that could cause actual results to differ materially from these expectations include, but are not limited to: our inability to meet current or future regulatory requirements in connection with existing or future ANDAs; our inability to achieve profitability; our failure to obtain FDA approvals as anticipated; our inability to execute and implement our business plan and strategy; the potential lack of market acceptance of our products; our inability to protect our intellectual property rights; changes in global political, economic, business, competitive, market and regulatory factors; and our inability to complete successfully future product acquisitions.  These statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under the caption "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in IGI Laboratories, Inc.'s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other periodic reports we file with the Securities and Exchange Commission.  All information contained herein are as of the date of this press release, and IGI Laboratories, Inc. does not undertake any obligation to update any information or other forward-looking statement contained in this document as a result of new information, future events or otherwise, except as required by law.

www.igilabs.com

Logo - http://photos.prnewswire.com/prnh/20130827/MM70487LOGO

SOURCE IGI 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 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs