Healthcare Industry News: SUTENT
News Release - August 3, 2006
TRACON Pharmaceuticals Appoints Charles P. Theuer, M.D., Ph.D. as President and Chief Executive OfficerSAN DIEGO, Calif.--(HSMN NewsFeed)--Aug. 3, 2006--TRACON Pharmaceuticals, Inc., a fast growing biopharmaceutical company developing next-generation targeted therapies for cancer, today announced the appointment of Charles P. Theuer, M.D., Ph.D., as President and Chief Executive Officer. Bertrand C. Liang, M.D., founding President and Chief Executive Officer of the company, will continue to serve as Board Chairman.
"Dr. Theuer brings an extensive background in oncology development as well as executive leadership to TRACON," noted Dr. Liang. "His knowledge of the field from both the practice and industry perspective will be an invaluable asset in moving our compounds forward into the market place."
"The position of President and CEO of TRACON Pharmaceuticals represents a great opportunity to lead a team that will advance attractive drug candidates," said Dr. Theuer. "TRACON Pharma's association with Paramount BioSciences has allowed it to grow quickly and to build a robust pipeline of targeted cancer therapeutics. We will continue to leverage our relationship with Paramount to expedite the development of our drug candidates."
About TRACON Pharmaceuticals, Inc.
TRACON Pharmaceuticals, Inc. is an emerging biopharmaceutical company focused on identifying, developing and commercializing targeted therapies for cancer. The company's product candidates target novel disease mechanisms and pathways. TRACON intends to manage and expand its pipeline through a variety of licensing and partnership transactions with academic institutions and biopharmaceutical companies. By developing and commercializing novel oncology products in underserved indications, TRACON Pharma will maximize patient benefit and enhance shareholder value. For more information, visit the company's website at: www.traconpharma.com.
Source: TRACON Pharmaceuticals
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