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neuroinv

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neuroinv

Re: DewDiligence post# 2620

Thursday, 12/14/2006 10:03:45 PM

Thursday, December 14, 2006 10:03:45 PM

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Hank Mansbach will be the SVP for Drug Development at Valeant Pharmaceuticals. A very very different kind of company from Cortex--everything is inlicensed, though they do some drug development work in order to get a drug ready for commercialization--their main project at present is the anticonvulsant Retigabine. Valeant-who subscribes to NI and converses with me on occasion, is looking to become more involved in the neurology area.

Difference of scale: Valeant employs over 3000 people--and last year had product sales of $750 million. I think it's safe to say that Dr. Mansbach will be compensated at a considerably higher level there than at Cortex.

NeuroInvestment
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