
ACTON PHARMACEUTICALS, INC.
ANNOUNCES ADDITIONS TO THE EXECUTIVE MANAGEMENT TEAMMARLBOROUGH, Mass., May 5, 2011 - Acton
Pharmaceuticals, Inc., a specialty respiratory pharmaceutical company,
announced today the appointments of Kenneth Newman, MD to the position
of Executive Vice President, Chief Medical Officer and Thomas Phair,
Senior Vice President, Chief Financial Officer.
John Simon, Acton's CEO commented: "Dr. Newman is a
nationally recognized opinion leader and clinical drug development
expert in the field of pulmonary medicine. Ken's decades of
industry experience combined with his extraordinary respiratory
background will be of great value to Acton as we go forward in
developing and acquiring new product opportunities. We're also
pleased to add Tom Phair to the management team, who brings an
outstanding track record in finance, accounting and
fund-raising. Tom will be an important contributor as we
expand our company through clinical development, commercialization,
financing, and product acquisitions."
About Kenneth
Newman, MDMost recently, Dr. Newman
was a Vice President at Boehringer Ingelheim, responsible for all
therapeutic categories and prior to that, he spent 9 years at Forest
Laboratories in charge of pulmonary clinical development. Dr.
Newman is a pulmonologist who was on the faculty at the National Jewish
Hospital in Denver, as well as Director of the University of Cincinnati
Center for Asthma, Allergies and Sinus Disorders. He has a
B.S. from Duke, M.D. from the University of Texas, and trained at Duke,
Johns Hopkins, and NIH. Dr. Newman is responsible for all
research, development and medical activities at Acton.
About Tom PhairTom
Phair is responsible for all financial, accounting, audit, and HR
functions at Acton. Previously, Tom was Vice President of
Finance at Xcellerex, Inc., a supplier of manufacturing technology to
the pharmaceutical industry. Prior to that, Tom was Vice
President of Finance, Treasurer and Principal Financial Officer at Altus
Pharmaceuticals where he was responsible for strategic planning,
finance and accounting, legal, and information technology, and led
several strategic fund-raising initiatives. Tom also served as
Corporate Controller at ArQule, Inc., an early-stage oncology drug
development company and has held financial management positions at
PAREXEL, Nashua Corporation and Price Waterhouse. Tom received
a BBA in accounting from the University of Massachusetts and is a
Certified Public Accountant.
About
ActonActon is a specialty
respiratory pharmaceutical company dedicated to acquiring, developing,
and commercializing prescription drugs to improve the well-being of
patients. Acton's corporate headquarters are located in
Marlborough, Massachusetts. To learn more about Acton, please
visit our website at
www.actonpharmaceuticals.comClick here for a PDF copy of this
release.
Contact: Acton Pharmaceuticals
Inc.
Daniel L. Kreisler, President
508.329.3146
dkreisler@actonpharmaceuticals.com
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