|POZEN Names Lisa Zimmerman Vice President, Quality Assurance|
CHAPEL HILL, N.C.--(BUSINESS WIRE)--June 21, 2005--POZEN, Inc. (NASDAQ: POZN), a pharmaceutical company focused primarily on products for the treatment of migraine, acute and chronic pain and other pain-related conditions, announced today the appointment of Lisa Zimmerman to the newly created position as Vice President, Quality Assurance. Ms. Zimmerman will be responsible for compliance strategies that allow for efficient operation of clinical trials and regulatory compliance. She will ensure that all of POZEN's development programs continue to adhere to Good Clinical, Manufacturing and Laboratory Practices (GCP, GMP and GLP).
"Lisa brings a variety of experience in quality assurance and regulatory compliance that will enhance POZEN's on-going development and implementation of compliance initiatives. In addition, her oversight of on-going clinical trials will assist in ensuring compliance with FDA regulations at both clinical and vendor sites," stated Dr. Marshall Reese, POZEN's Executive Vice President, Product Development.
Ms. Zimmerman was most recently employed at Duke Clinical Research Institute as Director of Quality Assurance and Regulatory Compliance. Subsequent to joining Duke in 1999, Ms. Zimmerman served as a member of the President's Cancer Panel where she translated research into clinical practice. Ms. Zimmerman previously held positions with ClinTrials Research, Inc., Environmental Health Research and Testing, Inc. and the University of North Carolina at Chapel Hill. In addition, Ms. Zimmerman is an instructor in the clinical research masters program at both Campbell University and Duke University in North Carolina.
Ms. Zimmerman received her B.A. from the University of North Carolina and has completed work toward her M.S. from Central Michigan University.
POZEN is a pharmaceutical company committed to developing therapeutic advancements for diseases with unmet medical needs where it can improve efficacy, safety, and/or patient convenience. Since its inception, POZEN has focused its efforts primarily on the development of pharmaceutical products for the treatment of migraine. POZEN is also exploring the development of product candidates in other pain-related therapeutic areas. POZEN has development and commercial alliances with GlaxoSmithKline, Valeant Pharmaceuticals North America, a subsidiary of Valeant Pharmaceuticals International (formerly Xcel Pharmaceuticals, Inc.), and Nycomed Danmark ApS. The company's common stock is traded on The Nasdaq Stock Market under the symbol "POZN". For detailed company information, including copies of this and other press releases, see POZEN's website: www.pozen.com.
Statements included in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You should be aware that our actual results could differ materially from those contained in the forward-looking statements, which are based on management's current expectations and are subject to a number of risks and uncertainties, including, but not limited to, our failure to successfully commercialize our product candidates; costs and delays in the development and/or FDA approval of our product candidates, including as a result of the need to conduct additional studies, or the failure to obtain such approval of our product candidates, including as a result of changes in regulatory standards or the regulatory environment during the development period of any of our product candidates; uncertainties in or unexpected clinical trial results or uncertainties in the timing of clinical trials, resulting in, among other things, an extension in the period over which we recognize deferred revenue or our failure to achieve milestones that would have provided us with revenue; our inability to maintain or enter into, and the risks resulting from our dependence upon, collaboration or contractual arrangements necessary for the development, manufacture, commercialization, marketing, sales and distribution of any products; competitive factors; our inability to protect our patents or proprietary rights and obtain necessary rights to third party patents and intellectual property to operate our business; our inability to operate our business without infringing the patents and proprietary rights of others; general economic conditions; the failure of any products to gain market acceptance; our inability to obtain any additional required financing; technological changes; government regulation; changes in industry practice; and one-time events, including those discussed herein and in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2005 under "Management's Discussion and Analysis of Financial Condition and Results of Operations." We do not intend to update any of these factors or to publicly announce the results of any revisions to these forward-looking statements.
SOURCE: POZEN, Inc.