Healthcare Industry News: Transition Therapeutics
News Release - September 12, 2006
Transition Therapeutics Appoints Andre Uddin B.Sc., Ph.D. as Vice-President of Strategic DevelopmentTORONTO, Sept. 12 (Healthcare Sales & Marketing Network) - Transition Therapeutics Inc. ("Transition") (TSX: TTH ), is pleased to announce the appointment of Dr. Andre Uddin as Vice-President of Strategic Development.
Prior to joining Transition, Dr. Uddin was the senior biotechnology and pharmaceutical analyst at National Bank Financial. Dr. Uddin previously held biotechnology and pharmaceutical analyst positions at Research Capital and Merrill Lynch Canada. With over 10 years of capital market experience, Dr. Uddin is well-known and highly regarded among biotech institutional funds, investors and companies. In addition, Dr. Uddin has a strong scientific background as he obtained his Doctorate in Biological Chemistry (Ph.D.) from McGill University and his Honours Bachelor of Science (B.Sc.) degree in BioChemistry from the University of Toronto.
"Dr. Uddin's diverse background in science, biotechnology and capital markets will be an important asset as Transition continues its strategy of building a sustainable biotech company. Dr. Uddin will play a prominent role in evaluating new strategic initiatives and Transition's interaction with the capital markets and investment community," said Dr. Tony Cruz, Chairman and Chief Executive Officer of Transition.
"I believe Transition has all the ingredients to become a Canadian success story," said Dr. Uddin. "The company has a solid management team, an excellent drug discovery program combined with a robust pipeline. I am excited to be part of such a well-run company and look forward to the opportunity in building a strong and successful Canadian biotechnology company."
Transition is a product-focused biopharmaceutical company, developing novel therapeutics for disease indications with large markets. Transition's lead products include regenerative therapies E1-I.N.T.(TM) and GLP1-I.N.T.(TM) for the treatment of diabetes, AZD-103 for the treatment of Alzheimer's disease, MS-I.E.T. for the treatment of multiple sclerosis and HCV-I.E.T. for the treatment of hepatitis C. Transition's shares are listed on the Toronto Stock Exchange under the symbol "TTH".
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Source: Transition Therapeutics
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