CARLSBAD, Calif., April 11, 2019 (GLOBE NEWSWIRE)
-- GW Pharmaceuticals plc (NASDAQ: GWPH, GW, the Company or the
Group), the world leader in the development and commercialization
of cannabinoid prescription medicines, today announced the
appointment of Darren Cline as its new U.S. Chief Commercial
Officer. Mr. Cline will lead the Epidiolex® U.S.
commercial organization and is expected to start on April 22, 2019.
Mr. Cline is succeeding Julian Gangolli who, as announced in
November 2018, is retiring and will work with Mr. Cline for several
weeks as he transitions into the organization.
Mr. Cline is an accomplished biopharmaceutical executive with over 25 years of commercial experience and was previously Executive Vice President, Commercial and a member of the Executive Committee at Seattle Genetics, where he oversaw all marketing, sales, and managed markets functions. He was directly involved in the commercial build out for the launch of ADCETRIS®, an antibody-based biologic the U.S. Food and Drug Administration (FDA) approved for treatment of certain hematologic cancers. He was instrumental in driving ADCETRISâ continued revenue growth to over $475 million in 2018. Prior to Seattle Genetics, Mr. Cline was at Alexion Pharmaceuticals, where he was a key member of the initial commercial leadership team that prepared the company for the Soliris launch, helping to build out key sales functions that were instrumental in Soliris becoming a billion-dollar brand. Mr Cline also held commercial leadership positions at Intermune and Amgen. Mr. Cline received his undergraduate degree from San Diego State University and his MBA from Pepperdine University.
"We are delighted to have an executive of such high caliber as Darren Cline join our team as the new U.S. Chief Commercial Officer at GW. Darren brings significant commercial experience and a proven track record in execution which will help GW maximize the commercial opportunity of Epidiolex in the U.S. I am confident he will build upon the companyâs solid commercial foundation and carry forward our ability to bring this much needed new treatment to patients,â commented Justin Gover, GWâs Chief Executive Officer. âI also want to offer our deepest thanks to Julian Gangolli for his expert leadership in building a world-class U.S. commercial organization from scratch and sheparding Epidiolex through a successful launch. We wish him well in his retirement.â
âI am very excited to join GW and to lead such a talented U.S. commercial team,â said Cline. âEpidiolex is an important new treatment that offers hope to many patients with Lennox-Gastaut Syndrome and Dravet syndrome who are in desperate need of new treatments to reduce their seizures. I look forward to continuing to deliver on GWâs mission of bringing transformational medicines to patients and building on the successful commercial organization in place to maximize the Epidiolex opportunity.â
About GW Pharmaceuticals plc and
Greenwich Biosciences, Inc.
Founded in 1998, GW is a biopharmaceutical company focused on
discovering, developing and commercializing novel therapeutics from
its proprietary cannabinoid product platform in a broad range of
disease areas. GW, along with its U.S. subsidiary Greenwich
Biosciences, has received U.S. FDA approval for EPIDIOLEX
(cannabidiol) oral solution for the treatment of seizures
associated with Lennox-Gastaut syndrome (LGS) or Dravet syndrome in
patients two years of age or older and which is now available by
prescription in the U.S. The Company has submitted a regulatory
application in Europe for the adjunctive treatment of seizures
associated with LGS and Dravet syndrome. The company continues to
evaluate EPIDIOLEX in additional rare epilepsy conditions including
tuberous sclerosis complex (TSC) and Rett syndrome. GW
commercialized the worldâs first plant-derived cannabinoid
prescription drug, Sativex® (nabiximols), which is approved for the
treatment of spasticity due to multiple sclerosis in numerous
countries outside the United States and for which the company is
now planning a U.S. Phase 3 trial. The Company has a deep pipeline
of additional cannabinoid product candidates which includes
compounds in Phase 1 and 2 trials for epilepsy, glioblastoma, and
schizophrenia. For further information, please visit www.gwpharm.com.
Forward-looking statements
This news release contains forward-looking statements that
reflect GW's current expectations regarding future events,
including statements regarding financial performance, the timing of
clinical trials, the timing and outcomes of regulatory or
intellectual property decisions, the relevance of GW products
commercially available and in development, the clinical benefits of
EPIDIOLEX (cannabidiol) oral solution and the safety profile and
commercial potential of EPIDIOLEX. Forward-looking statements
involve risks and uncertainties. Actual events could differ
materially from those projected herein and depend on a number of
factors, including (inter alia), the success of GWâs research
strategies, the applicability of the discoveries made therein, the
successful and timely completion and uncertainties related to the
regulatory process, and the acceptance of Sativex, EPIDIOLEX and
other products by consumer and medical professionals. A further
list and description of risks and uncertainties associated with an
investment in GW can be found in GWâs filings with the U.S.
Securities and Exchange Commission, including the most recent Form
10-KT filed on February 26, 2018. Existing and prospective
investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date hereof.
GW undertakes no obligation to update or revise the information
contained in this press release, whether as a result of new
information, future events or circumstances or otherwise.
Enquiries:
GW Pharmaceuticals plc | ||
Stephen Schultz, VP Investor Relations (U.S.) | 917 280 2424 / 401 500 6570 | |
U.S. Media Enquiries: Sam Brown Inc. Healthcare Communications |
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Christy Curran Mike Beyer |
615 414 8668 312 961 2502 |
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EU Media Enquiries: FTI Consulting |
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Ben Atwell/Andrew Ward | +44 (0) 20 727 1000 |