Progenics Pharmaceuticals Announces Key Strategic Hire

Progenics Pharmaceuticals Announces Key Strategic Hire

TARRYTOWN, N.Y., July 1, 2013 (GLOBE NEWSWIRE) -- Progenics Pharmaceuticals, Inc. (Nasdaq:PGNX) today announced the appointment of Hagop Youssoufian, MD, as Executive Vice President, Research & Development. Dr. Youssoufian will oversee the Company's global research and development efforts and will be instrumental in driving the strategic trajectory of the Company's developmental stage oncology assets.

"I am pleased to have Dr. Youssoufian join our experienced team at Progenics as we move three late stage clinical oncology programs forward towards commercialization," said Mark Baker, CEO of Progenics. "Hagop brings to Progenics a wealth of healthcare industry experience and knowledge that will support and further our mission to become a pre-eminent oncology company."

Prior to joining Progenics Dr. Youssoufian held increasingly senior roles with global responsibilities in the pharmaceutical industry. Most recently, he was President, Research & Development and Chief Medical Officer at Ziopharm Oncology. Prior to joining Ziopharm, Dr. Youssoufian worked at Imclone Systems, Sanofi Aventis and Bristol-Myers Squibb.

About Progenics

Progenics Pharmaceuticals, Inc. is developing innovative medicines for oncology, with a pipeline that includes several product candidates in late-stage clinical development. Progenics first-in-class PSMA targeted technology platform includes an antibody drug conjugate therapeutic and a small molecule targeted imaging agent, both in Phase II clinical trials. Its late stage ultra-orphan drug candidate, Azedra, was filed under an SPA which may facilitate fast-tracked approval and commercialization. Progenics' first commercial product, Relistor® (methylnaltrexone bromide) for opioid-induced constipation, is partnered with and marketed by Salix Pharmaceuticals, Inc. Ono Pharmaceutical Co., is developing Relistor® in Japan. For additional information, please visit

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Kathleen Fredriksen
Director of Corporate Development
(914) 789-2871