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Xenome names Michael Aldridge as Executive Director Brisbane, Australia

25 / 05 / 2010

Xenome Limited (“Xenome”) today announced the appointment of Michael Aldridge as Executive Director. Mr Aldridge brings to Xenome an extensive background in the global biotechnology and pharmaceutical industries having held leadership, strategic, consulting and financing roles in North American, European and Australian companies.

 

As CEO, Board Director and Consultant with Peplin, Inc. from 2003 – 2009, Michael led the growth of a global, dermatology focused, product company developing a new approach to the treatment of skin cancer. Peplin was sold to LEO Pharma A/S, a European dermatology company, for US$287.5 million in cash in September 2009.

 

Xenome Chairman of the Board Jim Hazel stated, "We are delighted to have recruited Michael Aldridge to join Xenome. The Company is in the process of initiating a Xen2174 phase II study in post-operative pain. Michael's skills and experience make him the ideal person to lead Xenome in its next stage of development.”

 

“The Board is confident that Michael, with his significant experience in the biotechnology business, his knowledge of domestic and international markets and his extensive network of international relationships will lead Xenome successfully through the next phase. We are excited about Xenome’s future under his leadership.”

 

Mr Aldridge is based in the San Francisco Bay Area and will assume the Executive Director position immediately.