Sunesis Announces Appointment of Dr. Adam R. Craig as Chief Medical Officer
Eric Bjerkholt Promoted to Executive Vice President, Corporate Development and Finance
Sunesis Pharmaceuticals, Inc.Logo Image: VALOR Logo
"Dr. Craig's extensive experience in oncology drug development, including direct experience in bringing a hematology drug candidate through late-stage development and filings of a U.S. NDA and European MAA, will be invaluable to Sunesis as we prepare for our future milestones," stated
As Chief Medical Officer of ChemGenex, Dr. Craig led the development program and regulatory strategies for omacetaxine, an investigational treatment for chronic myeloid leukemia, including serving as the lead presenter and moderator for a 2011
"With a promising activity and safety profile, robust Phase 2 data, a rigorous and well-designed pivotal trial underway and the potential to transform the treatment landscape for AML, vosaroxin represents one of the most exciting candidates in late-stage cancer drug development today," stated Dr. Craig. "I am extremely pleased to be joining Sunesis at this exciting point in vosaroxin's development, and I look forward to working closely with the Sunesis team and clinical investigators to build upon the significant momentum in the VALOR trial and bring it to a successful outcome."
Sunesis also announced today that Eric H. Bjerkholt has been promoted to Executive Vice President, Corporate Development and Finance, Chief Financial Officer, reflecting his significant contributions in the areas of corporate strategy, financial management and fundraising at Sunesis.
Mr. Swisher stated, "Eric has played a significant role in Sunesis' evolution over the course of his eight year tenure. We are pleased to announce his promotion and continue to value his leadership, particularly as we look ahead to the commercialization of vosaroxin and to the strategic opportunities for leveraging Sunesis' assets in markets around the world."
Sunesis also announced that
Mr. Swisher continued, "We are indebted to Steve for his many contributions at the executive level, particularly his strong development and regulatory leadership and close collaboration with Dr.
VALOR is a Phase 3, randomized, double-blind, placebo-controlled, pivotal trial in patients with first relapsed or refractory AML. The trial is expected to enroll 450 evaluable patients at more than 100 leading sites in the U.S.,
The VALOR logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8774.
Vosaroxin is a first-in-class anti-cancer quinolone derivative, (AQD), a class of compounds that has not been used previously for the treatment of cancer. Vosaroxin both intercalates DNA and inhibits topoisomerase II, resulting in replication-dependent, site-selective DNA damage, G2 arrest and apoptosis.
AML is a rapidly progressing cancer of the blood characterized by the uncontrolled proliferation of immature blast cells in the bone marrow.
Sunesis is a biopharmaceutical company focused on the development and commercialization of new oncology therapeutics for the treatment of solid and hematologic cancers. Sunesis has built a highly experienced cancer drug development organization committed to advancing its lead product candidate, vosaroxin, in multiple indications to improve the lives of people with cancer. For additional information on Sunesis, please visit www.sunesis.com.
This press release contains forward-looking statements, including statements related to the design, conduct and results of the VALOR trial, vosaroxin's efficacy, safety profile and commercial potential as a single agent and in combination with cytarabine, and the results of the planned interim analysis of the VALOR trial and related timing. Words such as "ongoing," "future," "advance," "completion," "anticipated," "launch," "promising," "robust," "potential," "momentum," "outcome," "on track," "look ahead," and "adequate" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Sunesis' current expectations. Forward-looking statements involve risks and uncertainties. Sunesis' actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a results of these risks and uncertainties, which include, without limitation, risks related to Sunesis' need for substantial additional funding to complete the development and commercialization of vosaroxin, risks related to Sunesis' ability to raise the capital that it believes to be accessible and is required to fully finance the development and commercialization of vosaroxin, the risk that raising funds through lending arrangements may restrict our operations or produce other adverse results, the risk that Sunesis' development activities for vosaroxin could be otherwise halted or significantly delayed for various reasons, the risk that Sunesis' clinical studies for vosaroxin may not demonstrate safety or efficacy or lead to regulatory approval, the risk that data to date and trends may not be predictive of future data or results, the risk that Sunesis' nonclinical studies and clinical studies may not satisfy the requirements of the
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CONTACT: Investor and Media Inquiries:
David Pitts Argot Partners212-600-1902 Eric Bjerkholt Sunesis Pharmaceuticals Inc.650-266-3717