02.01.2008 21:05:00
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Aradigm Appoints Timothy Lynch to Board of Directors
Aradigm Corporation (OTCBB:ARDM) today announced it appointed Timothy
Lynch to its board of directors. Mr. Lynch served as the Chief Financial
Officer of biopharmaceutical company Tercica and before that, InterMune.
Prior to his CFO roles, Mr. Lynch worked at Elan Corporation as Director
of Strategic Planning and in investment banking at Goldman Sachs. He
holds degrees from Harvard Business School and Colgate University. Mr.
Lynch also serves on the board of directors of Allos Therapeutics,
BioForm Medical and Nabi Biopharmaceuticals.
"We are delighted that Tim Lynch is joining
our board. He has an impressive track record of achievements with
emerging specialty pharmaceutical companies, and his experience as a
senior finance and business executive will be particularly valuable to
Aradigm at this stage of the Company’s
development,” said Virgil Thompson, Aradigm’s
Chairman of the Board. "I would like to use
this opportunity also to thank our board member Stephen Jaeger for his
contributions to Aradigm Corporation. Due to the demands of his other
professional responsibilities, Stephen has reluctantly decided to not
stand for re-election to Aradigm’s board in
2008.”
Mr. Jaeger’s term on Aradigm’s
board runs through the Company’s annual
shareholder meeting in mid-May 2008.
About Aradigm
Aradigm is an emerging specialty pharmaceutical company focused on the
development and commercialization of a portfolio of drugs delivered by
inhalation for the treatment and prevention of severe respiratory
diseases by pulmonologists. Current activities include partnered and
self-initiated development programs addressing the treatment of cystic
fibrosis, bronchiectasis, pulmonary hypertension, inhalation anthrax
infections and smoking cessation.
In addition, Aradigm’s AERx®
insulin Diabetes Management System (iDMS), which has been licensed to
Novo Nordisk for development and commercialization in return for
royalties, is in Phase 3 testing for Type 1 and Type 2 diabetes. Under
the agreements with Novo Nordisk, Novo Nordisk is responsible for all
further clinical, manufacturing and commercial development, while
Aradigm and Novo Nordisk continue to cooperate and share in technology
development, as well as intellectual property development and defense.
More information about Aradigm can be found at www.aradigm.com.
Aradigm and AERx are registered trademarks and the Aradigm Logo is a
trademark of Aradigm Corporation.
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