Contact Information: CONTACT: James E. Fickenscher Chief Financial Officer Auxilium Pharmaceuticals, Inc. +1-484-321-5900 or William Q. Sargent Jr. Vice-President, Investor Relations and Corporate Communications Auxilium Pharmaceuticals, Inc. +1-484-321-5900
William T. McKee Joins Board of Auxilium Pharmaceuticals, Inc.
| Source: Auxilium Pharmaceuticals, Inc.
MALVERN, PA--(Marketwire - March 20, 2009) - Auxilium Pharmaceuticals, Inc. (NASDAQ : AUXL ),
a specialty biopharmaceutical company, today announced that William T.
McKee has joined its Board of Directors as an independent director and as a
member of the Board's Audit and Compliance Committee.
"Bill brings a wealth of experience to our Board, particularly with respect
to his financial and pharmaceutical industry expertise," said Armando
Anido, Chief Executive Officer and President of Auxilium. "We look forward
to benefiting from his expertise."
Mr. McKee is the Executive Vice President and Chief Financial Officer of
Barr Pharmaceuticals, LLC, a subsidiary of Teva Pharmaceutical Industries
Limited ("Teva") and the successor entity to Barr Pharmaceuticals, Inc.
("Barr"), a NYSE listed company which was acquired by Teva on December 23,
2008. Mr. McKee was also Executive Vice President and Chief Financial
Officer of Barr prior to its acquisition by Teva, after having served in
positions of increasing responsibility at Barr from 1995 until its
acquisition. Prior to joining Barr, Mr. McKee served as Director of
International Operations and Vice President-Finance at Absolute
Entertainment, Inc. from June 1993 until December 1994. From 1990 until
June 1993, Mr. McKee worked at Gramkow & Carnevale, CPA's, and from 1983
until 1990, he worked at Deloitte & Touche. Mr. McKee received a Bachelor
of Business Administration from the University of Notre Dame.
About Auxilium
Auxilium Pharmaceuticals, Inc. is a specialty biopharmaceutical company
with a focus on developing and marketing to urologists, endocrinologists,
orthopedists and select primary care physicians. Auxilium markets Testim®
1%, a topical testosterone gel, for the treatment of hypogonadism through
its approximately 190-person sales and marketing team. Auxilium has five
projects in clinical development. XIAFLEX™ (clostridial collagenase for
injection), formerly referred to as AA4500, has completed phase III
clinical trials for the treatment of Dupuytren's contracture, is in phase
IIb of development for the treatment of Peyronie's disease and is in phase
II of development for treatment of Frozen Shoulder syndrome (Adhesive
Capsulitis). Auxilium's transmucosal film product candidate for the
treatment of overactive bladder (AA4010) is in phase I of development.
Auxilium also has one pain product (fentanyl) using its transmucosal film
delivery system in phase I of development. Auxilium has rights to
additional pain products and products for hormone replacement and urologic
disease using its transmucosal film delivery system. The Company is
currently seeking a partner to further develop these transmucosal film
product candidates. Auxilium also has options to all indications using
XIAFLEX for non-topical formulations. For additional information, visit
http://www.auxilium.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995
This release contains "forward-looking-statements" within the meaning of
The Private Securities Litigation Reform Act of 1995, including statements
regarding Mr. McKee's contribution to the Company, and products in
development for the treatment of Dupuytren's contracture, Peyronie's
disease and Frozen Shoulder Syndrome and for pain, hormone replacement and
urologic disease. All statements other than statements of historical facts
contained in this release, including but not limited to, statements
regarding future expectations, plans and prospects for the Company,
statements regarding forward-looking financial information and other
statements containing the words "believe," "may," "could," "will,"
"estimate," "continue," "anticipate," "intend," "should," "plan," "expect,"
and similar expressions, as they relate to the Company, constitute
forward-looking statements. Actual results may differ materially from those
reflected in these forward-looking statements due to various factors,
including further evaluation of clinical data, results of clinical trials,
decisions by regulatory authorities as to whether and when to approve drug
applications, and general financial, economic, regulatory and political
conditions affecting the biotechnology and pharmaceutical industries and
those discussed in Auxilium's Annual Report on Form 10-K for the year ended
December 31, 2008 under the heading "Risk Factors," which is on file with
the Securities and Exchange Commission (the "SEC") and may be accessed
electronically by means of the SEC's home page on the Internet at
http://www.sec.gov or by means of Auxilium's home page on the Internet at
http://www.Auxilium.com under the heading "Investor Relations -- SEC
Filings." There may be additional risks that Auxilium does not presently
know or that Auxilium currently believes are immaterial which could also
cause actual results to differ from those contained in the forward-looking
statements. Given these risks and uncertainties, any or all of these
forward-looking statements may prove to be incorrect. Therefore, you should
not rely on any such factors or forward-looking statements.
In addition, forward-looking statements provide the Company's expectations,
plans or forecasts of future events and views as of the date of this
release. The Company anticipates that subsequent events and developments
will cause the Company's assessments to change. However, while the Company
may elect to update these forward-looking statements at some point in the
future, the Company specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as representing the
Company's assessments as of any date subsequent to the date of this
release.