Biotech Values

[DewDiligence]

ITMN Announces Executive Appointments to Prepare for Potential Launch of Pirfenidone

http://finance.yahoo.com/news/InterMune-Announces-prnews-1511490054.html?x=0&.v=1

›8:00 am EST, Thursday November 5, 2009

BRISBANE, Calif., Nov. 5 /PRNewswire-FirstCall/ -- InterMune, Inc. (Nasdaq: ITMN ) today announced additions to its senior leadership team to prepare for the potential commercialization of pirfenidone in the United States and Europe.

The company announced yesterday that it had submitted a New Drug Application (NDA) with the U.S. Food and Drug Administration (FDA) seeking approval to market pirfenidone for the treatment of IPF. The company expects to submit a Marketing Authorization Application (MAA) to the European Medicines Agency (EMEA) in the first quarter of 2010. Pirfenidone has been granted Orphan Drug and Fast Track designation by the FDA, and also has been granted Orphan Drug status in Europe.

Dan Welch, Chairman, Chief Executive Officer and President of InterMune, said, "Today's announcement underscores our commitment to be prepared to bring pirfenidone to patients, should our NDA and/or MAA be granted approval by the regulatory authorities in the United States and Europe, respectively. We are very pleased to have recruited such a high quality team of senior level commercial professionals. Further expansion of our commercial infrastructure will be driven by the outcome of key regulatory events expected in 2010."

US and EU Commercial Leadership Appointments

InterMune announced the following additions to its leadership team:

• Vice President, Sales - Ms. Terri Shoemaker has held senior commercial leadership positions at Du Pont Pharmaceuticals, Bristol-Myers Squibb, Pharmion and Celgene. Most recently at Pharmion (acquired by Celgene), Ms. Shoemaker was responsible for creating the commercial organization and the successful launch of Vidaza®, a chemotherapeutic agent for treating myelodysplastic syndrome and some types of leukemia. She later was promoted to Executive Director, Strategic Commercial Operations at Celgene.

• Vice President, Marketing - Mr. Erik Harris has held senior positions in marketing and sales management at Bristol-Myers Squibb, Genentech and Elan. At Genentech, he held sales and marketing management positions, notably as Group Brand Manager for Rituxan® and Tarceva®. Most recently at Elan, he was a Senior Director of Marketing and Sales in Gastroenterology prior to becoming Senior Director of Strategic Brand Management for Gastroenterology and Neurology. Mr. Harris will assume his responsibilities with InterMune on November 16, 2009.

• Vice President, Managed Care and Access - Mr. Darren Cline has held senior sales, marketing and managed care roles at Schering-Plough, Amgen, InterMune and most recently, Alexion. At Alexion, he served as Executive Director of Sales and played an integral role in the successful launch of Soliris®. While at Amgen, Mr. Cline led a managed care team during the launches of Aranesp® and Neulasta® and was the Reimbursement and Access Marketing Director for Enbrel®.

• These three executives will report to Barrett McGrath, who was announced as InterMune's Vice President of Sales and Marketing on August 6, 2009. With nearly 30 years of experience in the industry, Mr. McGrath has held leadership positions in sales, marketing and business development at Genentech, Du Pont Pharmaceuticals, American Hospital Supply Corporation (now Baxter) and Quintiles Transnational.

• The company also announced today that Mr. Giacomo di Nepi has been appointed to the newly created position of Senior Vice President and General Manager, Europe. Mr. di Nepi held senior roles at the global and country management levels with Novartis. After Novartis, Mr. di Nepi was the EU General Manager for Takeda where he led EU operations and geographic expansion. Prior to Takeda and Novartis, he was a partner at McKinsey & Co., specializing in healthcare. Mr. di Nepi will report to Mr. Welch.

About Pirfenidone

Preclinical and in-vitro evidence had shown that pirfenidone has both anti-fibrotic and anti-inflammatory effects. Results from three adequate and well-controlled Phase 3 studies have shown evidence of a treatment effect in IPF patients and the compound has been safe and generally well tolerated, with side effects including photosensitivity rash and gastrointestinal symptoms.

InterMune licensed pirfenidone from Marnac, Inc. and its co-licensor, KDL GmbH, in 2002 and in 2007 purchased from Marnac and KDL the rights to sell the compound in the United States, Europe and other territories except in Japan, Taiwan and South Korea where rights to the molecule were licensed by Marnac and KDL to Shionogi & Co. Ltd. of Japan. In October of 2008, pirfenidone was approved for use in IPF patients in Japan and is marketed as Pirespa® by Shionogi in that country.‹