PROMETIC ANNOUNCES APPOINTMENT OF BRUCE WENDEL AS CHIEF BUSINESS DEVELOPMENT OFFICER
- Bruce Wendel is an accomplished, senior pharma executive with 37 years of industry experience
' LAVAL, QUEBEC, CANADA, – April 3, 2018 – Prometic Life Sciences Inc. (TSX: PLI) (OTCQX: PFSCF) (“Prometic”) announces today that Mr. Bruce Wendel is joining the Executive team as Chief Business Development Officer (CBDO), effective immediately. Mr. Wendel has been serving on the Board of Directors of Prometic Life Sciences Inc. since 2008. He has a long and impressive track record of business development and deal-making in the bio-pharma industry.
“We are delighted that Bruce is stepping-up his commitment to Prometic by joining the management team as a senior executive,” said Prof. Simon Best, Chairman of the Board. “Bruce has played an important role in the evolution of our company and understands all aspects of our pipeline and strategy. He has already made a significant contribution to a committee of the board set up in 2016 and made up of members with deep biopharma experience specifically providing expert guidance to management on the clinical development and commercial partnership strategy for our therapeutics.”
Mr. Pierre Laurin, CEO of Prometic said, “Bruce has extensive experience in licensing and strategic partnering and has a track record of successful, value-creating transactions. Our business development group will be enhanced by his leadership. As we have communicated, partnering is a key part of Prometic’s financing strategy, and Bruce’s expertise will be of great value as our initiatives to complete one or more licensing agreements for PBI-4050 and RYPLAZIM™ gain momentum.”
Mr. Bruce Wendel, newly appointed Chief Business Development Officer, said “This is an exciting time for Prometic, with PBI-4050 now entering late stage clinical development and RYPLAZIM™ progressing through regulatory review. I am thrilled to have the opportunity to take a more active role and to lead the business development efforts as we pursue a successful future for the company.”
About Bruce Wendel
Mr. Wendel’s most recent executive role was as Chief Strategic Officer of Hepalink USA, the U.S. subsidiary of Shenzhen Hepalink Pharmaceutical Company. From January to December 2010, he was Vice Chairman and Chief Executive Officer of Abraxis BioScience, LLC (NASDAQ: ABII), where he oversaw the development and commercialization of Abraxane® and led the negotiations that culminated in the acquisition of Abraxis by Celgene for over $2.9 billion. Prior to Abraxis, Mr. Wendel worked at American Pharmaceutical Partners, a NASDAQ-listed generic drug manufacturer, serving in business and corporate development roles of increasing responsibility. In 2008, American Pharmaceutical Partners was acquired by Fresenius SE for $3.7 billion. Mr. Wendel spent over fourteen years with Bristol-Myers Squibb, beginning in their legal department, and moving into business and corporate development roles. At Bristol-Myers he led teams involving U.S. and international licensing, acquisitions, divestitures, and co-promotion transactions. Mr. Wendel earned a Juris Doctorate degree from Georgetown University Law School, and a B.S. from Cornell University. Mr. Wendel has also served on the Board of Directors of Versatem Inc., a NASDAQ-listed oncology drug-discovery company, since June 2016.'
Jim
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