MOUNTAIN VIEW, Calif., March 27, 2012 (GLOBE NEWSWIRE) --
VIVUS, Inc. (Nasdaq:VVUS), a biopharmaceutical company
dedicated to the development and commercialization of novel
therapeutic products, today announced the addition of
several key employees and expansion of the senior
management team in anticipation of the commercialization of
Qnexa®, if approved. New hires in the commercial group
include Chris Thompson as national sales director and
Alfred Tenuto as senior director of market access. VIVUS
has also added Santosh T. Varghese, M.D., as vice president
of medical affairs. Barbara Troupin, M.D., MBA, has
been promoted to vice president, scientific communication &
risk management, and Timothy E. Morris will continue in his
role as chief financial officer and will assume
responsibility for business development as senior vice
president global corporate development and
finance. VIVUS has also expanded executive management
in its clinical group with the addition of Roman V. Dvorak,
M.D., Ph.D, who will serve as senior director, clinical
development.
"The addition of experienced professionals in the
commercial, medical affairs, and clinical groups will be
invaluable as we prepare for the commercialization of
Qnexa, if approved. Chris, Alfred and Santosh
represent over 70 years of successful pharmaceutical
commercial experience and are a welcome addition to our
team," commented Leland Wilson, chief executive
officer of VIVUS. "Barbara will continue to work
with key opinion leaders and will head up the risk
management responsibilities for Qnexa, Tim will lead our
partnering efforts worldwide, and Roman will assist with
the design and implementation of a post-approval Qnexa
cardiovascular outcomes study."
Chris Thompson joins VIVUS as the national sales director
after a successful 23-year career with Amgen, most recently
as the vice president, sales of the Bone Health Business
Unit. In this role, Mr. Thompson recruited and managed
a team of over 545 employees, including 500 endocrine and
primary care sales representatives. During his career
at Amgen, Mr. Thompson rose through the ranks from a field
sales representative to executive management
positions. In addition, he has sales and sales
management experience with Baxter International and Johnson
& Johnson.
Alfred Tenuto joins VIVUS as the senior director of market
access after a successful 13-year career with Eli Lilly &
Company, most recently as director of trade. In this
role, Mr. Tenuto was responsible for the distribution
network and relationships with wholesalers and specialty
pharmacies. At VIVUS, he will manage the Qnexa
distribution network and be responsible for Federal and
State public policy and reimbursement with private third
party payors. In addition, he has pharmaceutical
market access, pharmacy and national accounts experience
with ALZA.
Dr. Varghese joins VIVUS as vice president medical
affairs. Dr. Varghese comes from Elan Corporation,
where he was responsible for the global and U.S. medical
affairs bio-neurology therapeutic group for
Tysabri. Prior to Elan, he built and led medical
affairs teams responsible for large brands, such as Allegra
and Nasacort at Aventis/Sanofi-Aventis; Clarinex/Claritin,
Nasonex, Integrilin, Zetia, Vytorin, and other compounds
within Schering-Plough/Merck. At VIVUS, he will
establish the medical affairs group for Qnexa and will
provide scientific and medical brand strategy to the
commercial team. In addition, he will supervise and provide
direction to field based teams and assume responsibility
for safety and interaction with the FDA.
Roman V. Dvorak M.D., PhD will serve as the senior
director, clinical development. Dr. Dvorak brings to VIVUS
more than 15 years of clinical research experience, both in
academia and the industry. He has worked in various
clinical development and medical affairs positions with
Johnson & Johnson, Pfizer, Tercica and Leptos Biomedical.
His research as well as drug development work has focused
on the area of metabolic diseases, particularly obesity and
diabetes. He has designed and implemented clinical studies
from Phase 1 to Phase 4, including large international
registration trials.
Dr. Troupin has been promoted to the newly created position
of vice president of scientific communication and risk
management. Dr. Troupin has been vice president of
scientific communication and risk management since February
2012. Prior to that, she held senior director roles in
medical affairs and in clinical development at VIVUS,
initially joining the company in April 2006. Before
joining VIVUS, Dr. Troupin was the medical director for
Profil Institute for Clinical Research in San Diego, a
niche Phase 1 site focused on complex clinical trials in
diabetes and obesity. Prior to that she was the medical
director for Radiant Research in San Diego for five years
and was the principal investigator on more than 150
cardiovascular and metabolic clinical studies. In her new
role, Dr. Troupin will supervise development of
publications and presentations, advise in the development
of Scientific Symposia and Advisory Boards, and establish
and support communications with medical and scientific key
opinion leaders and advocates. In addition, she will
take responsibility for the implementation of the Risk
Evaluation and Mitigation Strategies (REMS) for
Qnexa.
In addition to his current role as senior vice president
finance and chief financial officer, Mr. Morris assumes
responsibility for global corporate development, including
partnering efforts for Qnexa and avanafil.
About VIVUS
VIVUS is a biopharmaceutical company developing therapies
to address obesity, sleep apnea, diabetes and male sexual
health. The company's lead investigational product
in clinical development, Qnexa, has completed Phase 3
clinical trials for the treatment of obesity and is
currently being considered for approval by U.S. and EU
regulators. VIVUS received a Complete Response Letter,
or CRL, to the initial Qnexa NDA on October 28,
2010. We resubmitted the Qnexa NDA in October 2011,
with an FDA action date of April 17, 2012. In January
2012, we received the 180-day LOI from the CHMP. In order
to perform additional analyses to allow further insights
into the data as previously presented, we requested and
have received an extension to respond and we plan to submit
in the second quarter of 2012.
Qnexa is also in Phase 2 clinical development for the
treatment of type 2 diabetes and obstructive sleep
apnea. In the area of sexual health, VIVUS has
submitted an NDA for avanafil, a PDE5 inhibitor being
studied for the treatment of erectile dysfunction, with an
FDA action date of April 29, 2012. For more
information about the company, please visit
www.vivus.com.
Certain statements in this press release are
forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995. These
statements may be identified by the use of forward-looking
words such as "anticipate," "believe,"
"forecast,"
"estimate," "expect,"
"intend," "likely,"
"may," "plan," "potential,"
"predict," "opportunity" and
"should," among others. There are a number
of factors that could cause actual events to differ
materially from those indicated by such forward-looking
statements. These factors include, but are not limited
to, the response from the United States Food and Drug
Administration, or FDA, to our resubmission of the New Drug
Application, or NDA, for Qnexa for the treatment of
obesity, including weight loss and maintenance of weight
loss, recommended for obese patients (BMI
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