RESEARCH TRIANGLE PARK, N.C., July 20, 2011 (GLOBE NEWSWIRE) -- Tranzyme Pharma (Nasdaq:TZYM) today announced that its Chief Financial Officer, Richard Eisenstadt, has been honored as a Triangle Business Journal CFO of the Year for 2011.
"We're all very proud of Rich and congratulate him on being recognized as a top CFO in the Raleigh-Durham area," said Vipin K. Garg, PhD, President and CEO, Tranzyme Pharma. "Rich's financial leadership has been valuable throughout his tenure, and was exceptional during Tranzyme's transition to becoming a publicly-traded company earlier this year."
Since joining Tranzyme Pharma in 2003, Mr. Eisenstadt has secured more than $140 million of new capital, including net proceeds of $51.4 million as part of the company's initial public offering on April 1, 2011. As a result, Tranzyme Pharma is well positioned to advance the development of its drug candidates focused on upper GI motility therapeutics.
The CFO of the year awards program recognizes outstanding financial professionals for their fiscal stewardship, and their community service record in the past 12 months.
Mr. Eisenstadt was selected from a field of 22 finalists. In addition to an awards ceremony held on July 14, honorees were profiled in a special section of the Triangle Business Journal published on July 15th. For more information about the CFO of the year program, visit: www.bizjournals.com/triangle.
About Tranzyme Pharma
Tranzyme Pharma is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing novel, first-in-class small molecule therapeutics for the treatment of acute (hospital-based) and chronic gastrointestinal motility disorders. All of Tranzyme's product candidates have been discovered using its proprietary drug discovery (chemistry) technology, MATCH™, which enables the construction of synthetic libraries of drug-like, macrocyclic compounds in a predictable and efficient manner. www.tranzyme.com
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Forward-Looking Statements
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