Depomed Announces Appointment of Vicente J. Anido, Jr., Ph.D. to Board of
Directors, and Retirement of Directors Julian N. Stern and Craig R. Smith,
NEWARK, Calif., Feb. 11, 2013
NEWARK, Calif., Feb. 11, 2013 /PRNewswire/ -- Depomed, Inc. (NASDAQ: DEPO)
today announced the appointment of Vicente Anido, Jr., Ph.D., 60, to the
company's Board of Directors. Dr. Anido is the former President and Chief
Executive Officer of ISTA Pharmaceuticals, which was acquired by Bausch + Lomb
Incorporated in June 2012.
"We are thrilled to have Vince join our Board of Directors," said James
Schoeneck, Depomed's President and CEO. "Vince's significant depth and breadth
of experience in the specialty pharmaceutical industry will be invaluable to
Depomed as we drive the commercial success of our products and create new
opportunities for growth," Mr. Schoeneck added.
"I am excited to join Depomed's Board of Directors," said Dr. Anido. "The
company's product portfolio, commercial organization and experienced
management team are great assets, and I look forward to contributing to
Depomed's growth and success."
Prior to joining ISTA Pharmaceuticals as President and CEO in 2000, Dr. Anido
served as a general partner of Windamere Venture Partners. From 1996 to 1999,
Dr. Anido served as President and Chief Executive Officer of CombiChem, Inc.,
a drug discovery company. From 1993 to 1996, Dr. Anido served as President of
the Americas Region of Allergan, Inc., where he was responsible for Allergan's
commercial operations for North and South America. Prior to Allergan, Dr.
Anido spent 17 years in management positions at Marion Laboratories and Marion
Merrell Dow, Inc., including as Vice President, Business Management of
Marion's U.S. Prescription Products Division. Dr. Anido received a B.S. and a
M.S. from West Virginia University and a Ph.D. from the University of
Missouri, Kansas City.
Depomed also announced today the retirement of Julian N. Stern and Craig R.
Smith, M.D. as directors of Depomed, effective upon the election of directors
at the Company's 2013 Annual Meeting of Shareholders.
"I would like to thank Julian and Craig for their years of service and
commitment to Depomed and its shareholders," said Peter Staple, the Chairman
of Depomed's Board of Directors. "They have been important contributors to
Depomed's development and growth, andI know I speak for everyone at Depomed
in expressing our great appreciation for their service and the opportunity to
work with them," Mr. Staple added.
Depomed, Inc. is a specialty pharmaceutical company with three approved and
marketed products. Gralise^® (gabapentin) is a once-daily treatment approved
for the management of postherpetic neuralgia (PHN). Zipsor^® (diclofenac
potassium) Liquid Filled Capsules is a non-steroidal anti-inflammatory drug
(NSAID) indicated for relief of mild to moderate acute pain in adults.
Glumetza^® (metformin hydrochloride extended release tablets) is approved for
use in adults with type 2 diabetes and is commercialized by Santarus, Inc. in
the United States. Depomed formulates its products and product candidates with
its proven, proprietary Acuform^® drug delivery technology, which is designed
to improve existing oral medications, allowing for extended release of
medications to the upper gastrointestinal tract when dosed with food.
Additional information about Depomed may be found on its website,
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995. The statements that are not historical facts contained in this release
are forward-looking statements that involve risks and uncertainties including,
but not limited to, those related to the company's anticipated future growth,
and other risks detailed in the company's Securities and Exchange Commission
filings, including the company's Annual Report on Form 10-K for the year ended
December 31, 2011 and its Quarterly Report on Form 10-Q for the quarter ended
September 30, 2012. The inclusion of forward-looking statements should not be
regarded as a representation that any of the company's plans or objectives
will be achieved. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof. The
company undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements that may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence of
August J. Moretti
SOURCE Depomed, Inc.
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