Healthcare Industry News: Nabi Biopharmaceuticals
News Release - July 12, 2007
Nabi Biopharmaceuticals Appoints Matthew W. Kalnik, Ph.D., as Vice President, Business Development and Project ManagementBOCA RATON, Fla., July 12 (HSMN NewsFeed) -- Nabi Biopharmaceuticals (Nasdaq: NABI ) today announced that it has appointed Dr. Matthew W. Kalnik to the role of Vice President, Business Development and Project Management. Dr. Kalnik brings to Nabi nearly 20 years of pharmaceutical and biotechnology experience in global drug discovery, development and commercialization and has already made a significant impact on Nabi's ongoing partnering and business development efforts. He is working closely with the Nabi senior management team and pharmaceutical research & development group to accelerate the partnership discussions for Nabi's NicVAX® (Nicotine Conjugate Vaccine) and StaphVAX® (Staphylococcus aureus Polysaccharide Conjugate Vaccine) programs. "We are extremely pleased to have Matt as a member of the pharmaceuticals team at Nabi," said Dr. Leslie Hudson, Interim President and Chief Executive Officer at Nabi Biopharmaceuticals. "He brings not only a sterling track record in business development, but an impressive ability to analyze key data and translate those analyses into market value. We welcome him to Nabi and I personally look forward to working with him to successfully complete the partnership and out-licensing processes we reinvigorated in February of this year when I joined the company as Interim CEO."
Dr. Kalnik most recently served as Executive Vice President, Head of Business Development, at VistaGen Therapeutics, where he helped advance the company's commercialization efforts. Prior to VistaGen, he held senior management team positions and led business development efforts at Genaissance Pharmaceuticals, Pharmacia, Pfizer and Daiichi Medical Research. Dr. Kalnik also founded Hedgerow Consulting and has authored more than a dozen primary research papers.
"I believe there is enormous potential in Nabi's NicVAX and StaphVAX programs and I joined the company to help unlock that value through strategic partnerships," said Dr. Kalnik. "I am excited about this opportunity, the company's ability to maximize these assets and, ultimately, our chance to deliver effective vaccines to the marketplace."
Dr. Kalnik is working out of Nabi's Rockville, Maryland facility and replaced Nabi's former head of business development, Dr. Joy Barton, who left the company to pursue other opportunities.
About Nabi Biopharmaceuticals
Nabi Biopharmaceuticals leverages its experience and knowledge in powering the immune system to develop and market products that fight serious medical conditions. The company has one product on the market today: Nabi-HB® [Hepatitis B Immune Globulin (Human)]. Nabi Biopharmaceuticals is focused on developing products that address unmet medical needs and offer commercial opportunities in our core business areas: Hepatitis and transplant, Gram- positive bacterial infections and nicotine addiction. The company has recently announced the formation of the first of two strategic business units: Nabi Biologics. Nabi Biologics has responsibility for the company's protein and immunological products and development pipeline, including Nabi-HB. The second business unit, Nabi Pharmaceuticals, is expected to be formed later this year and will have responsibility for the NicVAX® (Nicotine Conjugate Vaccine) and StaphVAX® (Staphylococcus aureus Polysaccharide Conjugate Vaccine) development programs, as well as for the continuing milestone-related clinical development obligations following the sale of PhosLo® (calcium acetate). For a complete list of pipeline products, please go to: http://www.nabi.com/pipeline/index.php. The company is headquartered in Boca Raton, Florida. For additional information about Nabi Biopharmaceuticals, please visit our Web site: http://www.nabi.com.
Statements in this release that are not strictly historical are forward- looking statements and include statements about reorganization of our current business into two new business units, our strategic alternatives process and clinical trials and studies. You can identify these forward-looking statements because they involve our expectations, beliefs, projections, anticipations or other characterizations of future events or circumstances. These forward- looking statements are not guarantees of future performance and are subject to risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements as a result of any number of factors. These factors include, but are not limited to, risks relating to our ability to: realize anticipated cost savings related to job elimination due to greater than anticipated severance-related costs or other factors; successfully partner with third parties to fund, develop, manufacture and/or distribute our existing and pipeline products, including NicVAX and our Gram- positive infections products; obtain successful clinical trial results; our ability to successfully complete our strategic alternatives process; generate sufficient cash flow from sales of products or from milestone or royalty payments to fund our development and commercialization activities; attract and maintain the human and financial resources to commercialize current products and bring to market products in development; depend upon third parties to manufacture or fill our products; obtain regulatory approval for our products in the U.S. or other markets, including approval of Nabi-HB Intravenous; realize sales from Nabi-HB due to patient treatment protocols, the number of liver transplants performed in HBV-positive patients and competitive products; achieve market acceptance of our products; expand our sales and marketing capabilities or enter into and maintain arrangements with third parties to market and sell our products; effectively and/or profitability use, or utilize the full capacity of, our vaccine manufacturing facility; manufacture NicVAX or other products in our own vaccine manufacturing facility; comply with reporting and payment obligations under government rebate and pricing programs; raise additional capital on acceptable terms, or at all; and re-pay our outstanding convertible senior notes when due. Many of these factors are more fully discussed, as are other factors, in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and our Quarterly Report for the quarter ended March 31, 2007 on Form 10-Q with the Securities and Exchange Commission.
Source: Nabi Biopharmaceuticals
Issuer of this News Release is solely responsible for its
Please address inquiries directly to the issuing company.