Prolong Pharmaceuticals Boosts Executive Team
SOUTH PLAINFIELD, N.J., Nov. 18, 2010 /PRNewswire/ -- Prolong Pharmaceuticals, which last month announced a $30 million funding commitment from a private investor group, today announced the formal addition of two pharmaceutical veterans to its senior management team. Richard Prince is now Vice President, Quality and Andy Burger has assumed the title of Vice President, Information Services.
"Both Richard and Andy bring solid industry experience plus a history of cutting edge, out-of the-box thinking to pharmaceutical development," said Prolong President Glenn Kazo. "Since we are already producing biological product in a cGMP environment, with several stages of scale-up necessary prior to commercial launch, product quality and data integrity are fundamental to our business success. We are pleased to have each of these key areas led by seasoned veterans who are excited about our corporate mission," added Kazo.
Dr. Prince, a microbiologist by training, possesses a multi-faceted background in the bio/pharmaceutical industry, with more than 25 years of experience in large Pharma, several start-ups, and as a quality consultant across the industry. Well regarded as a leader in the areas of quality management, validation, regulatory compliance, and laboratory operations, Prince has published four textbooks with the Parenteral Drug Association press. "I joined Prolong because management views the Quality function as a strategic business asset designed to build and maintain a robust Quality System used to establish and make accountable a GMP-compliant manufacturing operation," stated Dr. Prince.
As a 27-year industry veteran, for the past 13 years in the pharmaceutical industry, Burger has held executive titles, including Chief Information Officer, providing global technology initiatives, FDA-based compliance services, and multiple merger/acquisition coordination efforts. Prior to venturing into the pharmaceutical industry, Andy was at the forefront of the wireless telecommunications industry, both as General Manager, Technology Development for Bell Atlantic Mobile (Verizon Wireless), and Chief IT Architect for Omnipoint Communications (t-Mobile USA). "By developing an industry hardened yet agile enterprise architecture data model at this early stage of our production operations, we are providing accountability, transparency, and full regulatory control to all data dependent aspects of our operations, computing platforms, and our products from raw materials to the final lot numbered assets," stated Burger.
Prolong's CEO, Dr. Abraham Abuchowski, said that Burger and Prince were part of a calculated business model to create a management team capable of the rapid and cost-effective approval of major products. "We are building a new kind of biopharmaceutical model," said Abuchowski. "Simply put, drug development in the U.S. takes too long and costs too much money, and much of that inefficiency is due to poor planning and management control. We are taking a proactive rather than reactive approach and will have each piece of our quality, regulatory, manufacturing and IT pieces in place and ready to go as needed."
About Prolong Pharmaceuticals
Headquartered in South Plainfield, New Jersey, Prolong Pharmaceuticals, LLC is developing biopharmaceutical products targeting the treatment of anemia resulting from an oxygen deficiency. First founded in 2002 as a research company, Prolong is focused on sickle cell anemia, diabetic ischemia, and several trauma indications. The company's senior management team includes inventors of the most successful drug delivery technology in pharmaceutical history, PEGylation, now responsible for more than $30 billion in drug sales worldwide. For more information visit: www.prolongpharmaceuticals.com
SOURCE Prolong Pharmaceuticals
CONTACT: Greg Jones for Prolong Pharmaceuticals, +1-908-310-3508, [email protected]
Web Site: http://www.prolongpharmaceuticals.com