Wednesday September 25, 2019 0 comments
AURORA -- Cerebral Therapeutics Inc., a clinical-stage pharmaceutical company developing specialty medications for uncontrolled neurological diseases, announced the appointment of industry veteran John Foster as president and COO.
Foster will utilize his extensive executive management experience leading companies, developing products and navigating the FDA regulatory environment to expand the strategic breadth and depth of the Cerebral executive management team, the company said.
"Following the appointments of our chief scientific officer and VP of clinical development in April, today's announcement highlights our commitment to assembling the optimal team to advance our vision,” said Dan Abrams, Cerebral CEO.
“John's impressive background in developing markets and launching products and companies focused on site-specific delivery of drugs for neurological disorders will be a key asset as we advance our lead product, CTX-010, for refractory epilepsy.
“Having led both private and publicly-traded companies, we are fortunate to have John join Cerebral as his specific experience is invaluable to continue rapidly advancing our pipeline."
"I am proud to join the Cerebral team and begin executing on a vision to fully advance targeted drug delivery to the central nervous system (CNS)," said Foster.
"This includes pipeline expansion towards high-value targets, regulatory strategy in the complex drug-device landscape and securing the commercial success for our product launches.
“I look forward to building Cerebral as a pioneer of targeted pharmaceutical products that ultimately improve patient lives."
Foster has more than 30 years of executive management experience developing and bringing specialty pharmaceuticals and drug-device combination products to market, leading clinical and product teams at larger companies and in securing FDA approvals.
He was previously founder and CEO of CNS Therapeutics, which was later sold to Mallinckrodt Pharmaceuticals. As CEO of CNS Therapeutics, Foster was instrumental in securing the FDA approval of Gablofen®, an intrathecal drug therapy.
Previously, he served on the leadership team of Restore Medical, which held an IPO in 2006 and was acquired by Medtronic in 2008. Earlier, Foster worked in Medtronic's Neuromodulation business and at Genentech.
He currently serves as chairman of Gillette Children's Specialty Healthcare and serves on the board of directors for both SpineThera and NTF Therapeutics.