Jeryl L. Hilleman Joins Ocera Therapeutics as Chief Financial Officer
Ocera to Present at the Stifel Healthcare Conference on September 12, 2013
SAN DIEGO, Sept. 3, 2013 (GLOBE NEWSWIRE) -- Ocera Therapeutics (Nasdaq:OCRX),
a clinical stage biopharmaceutical company focused on acute and chronic orphan
liver diseases, today announced that Jeryl L. Hilleman has been appointed
chief financial officer effective September 3, 2013. Ms. Hilleman will replace
Dana McGowan who will continue with the company during a transition period in
which the company plans to move its headquarters to Northern California.
"I am very pleased that an executive with Jeri's skills, global experience and
proven expertise is joining our senior management team," said Linda Grais,
M.D., president and chief executive officer of Ocera. "Her extensive public
company experience, both in and outside of the biotech industry, combined with
her operational leadership, will be invaluable as we execute on our immediate
business priority to initiate a Phase 2b clinical trial of OCR-002 for the
treatment of acute hepatic encephalopathy. I would also like to thank Dana
McGowan for her many contributions and years of dedication to Ocera."
"Ocera has the potential to transform both acute and chronic treatment of
critical liver conditions, with significant potential to save lives," said
Jeri Hilleman. "The opportunity to join Ocera to help realize this potential
is exciting and I'm pleased to be joining such a knowledgeable team."
Ms. Hilleman has over two decades experience as CFO of both private and public
companies, including taking four companies public. Most recently, Ms. Hilleman
has provided independent financial and strategic consulting for biotech and
cleantech companies. From 2008 to 2012, Ms. Hilleman served as CFO of Amyris,
Inc., a multi-national, renewable products company based in California and
Brazil. Prior to Amyris, Ms. Hilleman served as CFO of Symyx Technologies, a
public company selling instruments, software and research services to
pharmaceutical and chemical companies, and led the finance function at two
public biotechnology companies, Geron Corporation and Cytel Corporation. Ms.
Hilleman is also a member of the board of directors and chair of the audit
committee of Xenoport (Nasdaq:XNPT). Ms. Hilleman holds an A.B. from Brown
University and an M.B.A. from the Wharton Graduate School of Business.
Please join Ms. Hilleman, Dr. Grais and other members of Ocera management at a
company presentation at the Stifel Healthcare Conference taking place at the
Four Seasons Hotel in Boston, MA September 11-12, 2013. Ocera's presentation
is scheduled for Thursday, September 12^th at 1:30 PM ET in the Winthrop Room.
A live audio webcast of the presentation will be available in the "Investors"
section of Ocera's website, www.ocerainc.com.
About Ocera Therapeutics
Ocera Therapeutics, Inc. is a clinical stage biopharmaceutical company focused
on the development and commercialization of proprietary compounds to treat
acute and chronic orphan liver diseases. Ocera's lead drug candidate OCR-002
(ornithine phenylacetate), which has been granted Orphan Disease and Fast
Track status from FDA, is an ammonia scavenger in clinical development to
treat hyperammonemia and associated hepatic encephalopathy in patients with
liver cirrhosis, acute liver failure and acute liver injury. For additional
information, please see www.ocerainc.com.
Certain statements in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding the progress and timing of clinical
trials. Typically, these statements contain words such as "believe",
"anticipate", "expect", "plan", "intend", "project", "estimate" and similar
expressions. These and other forward-looking statements speak only as of the
date of this release and are subject to substantial risks and uncertainties
and other important factors that may cause Ocera's actual results,
performance, or achievements to differ materially from those anticipated,
expressed, or implied by forward-looking statements. Additional risks and
uncertainties are described more fully in Ocera's Form 10-Q for the quarter
ended June 30, 2013 filed on August 14, 2013 with the Securities and Exchange
Commission. Please note that Ocera undertakes no obligation to update any of
the forward-looking statements included herein.
CONTACT: Susan Sharpe
Director, Corporate Communications
Ocera Therapeutics, Inc.
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