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Micrologix Names Dr. Jim DeMesa
President and CEO
Brings a Wealth of Partnering and Business Development Experience
Vancouver, August 22, 2001 – Micrologix Biotech Inc. today
announced that it has appointed Jim DeMesa, M.D. as the Company's new
President and CEO.
Dr. DeMesa brings to Micrologix a wealth of biotech and management
experience and a proven record of growth and accomplishment. He was most
recently President and Chief Executive Officer of GenSci Regeneration
Sciences, a TSE-listed North American orthobiologics company which he helped
take from a small R&D firm to a fully integrated biotech company, growing
revenues from zero to more than $45 million within 3 years. He also helped to
raise more than $30 million in financing, establish strategic alliances with
major corporate partners and grow the product line significantly.
"We are confident that Jim has the leadership qualities, experience and
vision to successfully guide Micrologix through the next stage in its
development. Formally trained in both business and medicine, his knowledge and
proven ability to lead, manage and grow companies will be of great benefit to
us,” said William J. (Bud) Foran, Chairman of Micrologix Biotech.
Dr. DeMesa added, "I am thrilled to be joining Micrologix at such an exciting
time in its development. With two products in late-stage clinical trials, a
strong balance sheet, impressive platform technology and product pipeline, the
future looks very bright. My near-term focus will be on building solid
relationships with strategic partners and continuing to advance our clinical and
research programs.”
Prior to GenSci, Dr. DeMesa held other senior managerial positions where he
gained a wide range of experience in clinical trials, regulatory affairs and
business development. From 1992 to 1996, he was Vice President, Medical and
Regulatory Affairs for Biodynamics International Inc., an international
manufacturer of medical devices and biologics marketed in 44 countries. Prior to
that, he was Vice President, Medical Affairs for Belmac Corporation, a developer
of anti-infective and gastrointestinal drugs with responsibility for clinical
and regulatory programs.
Dr. DeMesa holds Doctor of Medicine (MD) and Master of Business
Administration (MBA) degrees, both from the University of South Florida.
About Micrologix
Micrologix develops novel drugs targeted at severe and life-threatening
diseases — particularly those caused by antibiotic-resistant bacteria. The
Company’s portfolio of antibiotic drug candidates is based on improved analogs
of naturally occurring cationic peptides found in the host defense systems of
most life forms. Micrologix currently has two drugs in clinical trials in the
United States: MBI 226 for preventing catheter-related bloodstream infections in
Phase III and MBI 594AN for treating acne in Phase II. The Company’s common
shares are included in the TSE 300 Composite Index.
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