04.06.2007 12:00:00
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CombinatoRx Adds Sally W. Crawford and W. James O'Shea to Its Board
CombinatoRx, Incorporated (NASDAQ: CRXX), today announced that Sally W.
Crawford and W. James O’Shea have joined the
CombinatoRx Board of Directors. Ms. Crawford is the former COO of
Healthsource, Inc. a managed care organization. Mr. O’
Shea is the former President and COO of Sepracor Inc., a leading
specialty pharmaceutical company.
"Jim O’Shea and
Sally Crawford bring extensive operational and commercial expertise in
the healthcare industry to the CombinatoRx board. We welcome them and
look forward to their strategic contributions as CombinatoRx continues
to develop as a company,” commented Alexis
Borisy, President and CEO of CombinatoRx.
W. James O’Shea currently serves as Vice
Chairman at Sepracor Inc. From October 1999 to March 2007 Mr. O’Shea
was President and Chief Operating Officer at Sepracor where he was
responsible for successfully building that organization’s
commercial infrastructure. Prior to Sepracor, Mr. O'Shea was Senior Vice
President of Sales and Marketing and Medical Affairs for Zeneca
Pharmaceuticals, a business unit of Zeneca Inc. While at Zeneca, he also
held several management positions of increasing responsibility in
international sales and marketing in the U.S. and U.K. Mr. O'Shea is an
Executive Board member and past Chairman of the National Pharmaceutical
Council and is also a Board member of CollaGenex Pharmaceuticals, Inc.
and Surface Logix, Inc. Mr. O'Shea is a graduate of Liverpool Lord Byron
University. He received an Honors Degree in Applied Physics from the
Institute of Physics.
Sally W. Crawford served as Chief Operating Officer of
Healthsource, Inc., a publicly held managed care organization
headquartered in New Hampshire from its founding in April 1985 until
January 1997. During her tenure at Healthsource, Inc., Ms. Crawford led
development of the company’s operating systems
and marketing strategies and supported strategic alliances with
physicians, hospitals, insurers and other healthcare companies. Since
January 1997, Ms. Crawford has been a health care consultant in New
Hampshire. Ms. Crawford serves on the board of directors for Cytyc
Corporation, Exact Sciences Corporation and Chittenden Corporation. Ms.
Crawford earned a BA in English from Smith College and an MS in
Communication from Boston University.
About CombinatoRx
CombinatoRx, Incorporated (CRXX) is pioneering the new field of
synergistic combination pharmaceuticals and has a broad product
portfolio in phase 2 clinical development. Going beyond traditional
combinations, CombinatoRx creates product candidates with novel
mechanisms of action striking at the biological complexities of human
disease. The lead programs in the CombinatoRx portfolio are advancing
into later stage clinical trials based on the strength of multiple
positive phase 2a results. This portfolio is internally generated from
the CombinatoRx proprietary drug discovery technology which provides a
renewable and previously untapped source of novel drug candidates. The
Company was founded in 2000 and is located in Cambridge, Massachusetts.
To learn more about CombinatoRx please visit www.combinatorx.com.
Forward-Looking Statement
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning CombinatoRx, its strategic development, its product
candidates and their clinical potential, its plans for clinical and
formulation development of its product candidates, its business plans
and its drug discovery technology. These forward-looking statements
about future expectations, plans and prospects of CombinatoRx involve
significant risks, uncertainties and assumptions, including risks
related to the unproven nature of the CombinatoRx drug discovery
technology, the Company's ability to initiate and successfully complete
clinical trials of its product candidates, the Company's ability to
develop a modified release formulation of CRx-102, potential difficulty
and delays in obtaining regulatory approval for the sale and marketing
of its product candidates, the Company's ability to obtain additional
financing or funding for its research and development and those other
risks that can be found in the "Risk Factors" section of the CombinatoRx
Annual Report on Form 10-K on file with the Securities and Exchange
Commission and the other reports that CombinatoRx periodically files
with the Securities and Exchange Commission. Actual results may differ
materially from those CombinatoRx contemplated by these forward-looking
statements. CombinatoRx does not undertake to update any of these
forward-looking statements to reflect a change in its views or events or
circumstances that occur after the date of this release.
(c) 2007 CombinatoRx, Incorporated. All rights reserved.
-end-
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