CRANBURY, N.J., Nov. 29, 2016
CRANBURY, N.J., Nov. 29, 2016 /PRNewswire/ -- Cornerstone Pharmaceuticals, Inc., a clinical stage, oncology-focused pharmaceutical company and an innovator in the field of cancer metabolism, today announced the hiring of Brian Mullaney, M.D., Ph.D., as Chief Medical Officer responsible for clinical development of Cornerstone's platform technology.
"Brian is a highly credentialed clinician scientist with an outstanding track record in personalized medicine and oncology clinical development," said Howard Jonas, Cornerstone's Chairman. "As Cornerstone's Chief Medical Officer, Dr. Mullaney will guide the clinical development of our lead compound, CPI-613, as well as the other promising compounds in our pipeline. Having successfully guided many oncology drugs through clinical trials, Dr. Mullaney will be pivotal in helping us advance a robust R&D pipeline of cutting edge drugs with the potential to considerably improve cancer treatment practices."
Dr. Mullaney's hiring strengthens Cornerstone's drug development and commercialization capabilities, while also continuing the company's recent momentum. On November 10, Cornerstone announced that IDT Corporation (NYSE: IDT) made a $10 million investment in the company. Cornerstone will be making two presentations of new data at the American Society of Hematology 2016 Annual Meeting.
"Cornerstone's focus on targeting the metabolic pathways in cancer cell proliferation and survival holds tremendous promise, and may revolutionize oncology treatment practices," said Dr. Mullaney. "I am excited to join Cornerstone at such an important time in their development. The company's lead compound, CPI-613, has produced impressive preliminary clinical results in patients with advanced pancreatic cancer, acute myeloid leukemia (AML), and T-cell non-Hodgkin's lymphoma (T-cell NHL). As we ramp up our commercialization efforts and prepare to advance CPI-613 into Phase II clinical trials, we will continue to move forward with our deep pipeline of innovative compounds that may usher in a new paradigm in anticancer therapy."
Prior to joining Cornerstone, Dr. Mullaney was the Global Head of Clinical Affairs for Oncology Precision Medicine at Novartis. He has more than 20 years of leadership experience in precision medicine and clinical development including senior positions at Eli Lilly & Co., Bristol-Myers Squibb and Myriad Genetics.
Dr. Mullaney joins Cornerstone's seasoned executive management team, which includes:
About Cornerstone Pharmaceuticals, Inc.
Cornerstone Pharmaceuticals, Inc. is a privately held, clinical-stage, oncology-focused pharmaceutical company committed to the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells. Cornerstone's primary objective is to develop highly selective and effective agents with minimal toxic effects on normal cells and tissues. Cornerstone's first-in-class clinical lead compound, CPI-613 is being evaluated in multiple Phase I, I/II, and II clinical studies. The U.S. Food and Drug Administration (FDA) has designated CPI-613 an orphan drug for the treatment of acute myeloid leukemia (AML), pancreatic cancer and myelodysplastic syndromes (MDS). The company's investors include IDT Corporation (NYSE: IDT). For more information, visit: www.cornerstonepharma.com.
Safe Harbor Statement
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Public Relations, Cornerstone Pharmaceuticals, Inc.
JFK Communications, Inc.
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SOURCE Cornerstone Pharmaceuticals, Inc.PR Newswire
Last updated on: 29/11/2016
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