18.01.2008 13:30:00
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GenVec Appoints Kevin M. Rooney to Board of Directors
GenVec, Inc. (Nasdaq:GNVC) announced today that Kevin M. Rooney has been
appointed to fill a newly-created vacancy on the company's board of
directors. With the addition of Mr. Rooney, whose term runs until the
next Annual Meeting of Stockholders, the total number of GenVec
directors is now seven. Mr. Rooney will also serve on the board’s
audit committee.
Mr. Rooney is currently the president of Beacon Consulting Group, a
company focused on providing strategic consulting services to
biopharmaceutical executives. Previously, he served as vice president,
sales and marketing, for MedImmune's oncology division, where he oversaw
the sales and marketing organization for Ethyol®
(amifostine), a product used to reduce toxicities associated with
certain cancer chemotherapy, as well as monitored the development of an
extensive pipeline of targeted agents in oncology. Prior to this, he was
the senior director of marketing for Synagis®
(palivizumab), MedImmune’s $1.2B monoclonal
antibody for the prevention of respiratory infections in preterm infants.
Prior to joining MedImmune in July 2003, Mr. Rooney worked for
Bristol-Myers Squibb Company since 1997, where he held positions of
increasing responsibility in sales and marketing management, including
leading the launch of a quinolone antibiotic, launching a novel
antihypertensive, and building a large sales team in the infectious
disease and central nervous system therapeutic areas. Mr. Rooney also
held marketing positions at Glaxo Wellcome, Inc. and Burroughs Wellcome
Company, as well as a sales position at The Upjohn Company. He received
his master's degree in management from the J.L. Kellogg Graduate School
of Management at Northwestern University and his bachelor's degree from
the University of Virginia.
"We welcome Kevin to GenVec’s
board of directors. Kevin’s extensive
experience and insights into the commercialization of pharmaceutical
products will add strength to our board. We look forward to his
contributions,” commented Paul Fischer, GenVec’s
President and CEO.
Commenting on his appointment, Mr. Rooney said: "This
is an exciting time to be joining the board of GenVec. I look forward to
working with the other members of the board and the management team to
bring the promise of this innovative, medically important pipeline to
market.” About GenVec
GenVec, Inc. is a biopharmaceutical company developing novel therapeutic
drugs and vaccines. GenVec’s lead product,
TNFerade™, is currently in a pivotal clinical
study (PACT) in locally advanced pancreatic cancer. Additional clinical
trials are in progress in rectal cancer, head and neck cancer, and
melanoma. GenVec also uses its proprietary adenovector technology to
develop vaccines for infectious diseases including HIV, malaria,
foot-and-mouth disease, respiratory syncytial virus (RSV), and
influenza. Additional information about GenVec is available at www.genvec.com
and in the company’s various filings with the
Securities and Exchange Commission.
Statements herein relating to future financial or business
performance, conditions or strategies and other financial and business
matters, including expectations regarding future revenues and operating
expenses, are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act. GenVec cautions that
these forward-looking statements are subject to numerous assumptions,
risks and uncertainties, which change over time. Factors that may
cause actual results to differ materially from the results discussed in
the forward-looking statements or historical experience include risks
and uncertainties, including the failure by GenVec to secure and
maintain relationships with collaborators; risks relating to the early
stage of GenVec’s product candidates under
development; uncertainties relating to clinical trials; risks relating
to the commercialization, if any, of GenVec’s
proposed product candidates; dependence on the efforts of third parties;
dependence on intellectual property; and risks that we may lack the
financial resources and access to capital to fund our operations. Further
information on the factors and risks that could affect GenVec’s
business, financial conditions and results of operations, are contained
in GenVec’s filings with the U.S. Securities
and Exchange Commission (SEC), which are available at www.sec.gov. These forward-looking statements speak only as of the date of this
press release, and GenVec assumes no duty to update forward-looking
statements.
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