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PRINCETON, NJ -- (MARKET WIRE) -- 05/16/07 -- Barrier Therapeutics, Inc. (NASDAQ: BTRX), a
pharmaceutical company that develops and markets dermatology products,
today announced the appointment of Braham Shroot, Ph.D. to the newly
created position of Chief Scientific Officer effective May 16, 2007. In
this role, he will manage the company's research and development activities
reporting to Geert Cauwenbergh, Ph.D., Chief Executive Officer of Barrier
Therapeutics.
"Dr. Braham Shroot's extensive scientific background, as well as his
established record in dermatological product development, makes him an
ideal leader for Barrier's research and development organization, where we
have a broad pipeline of product candidates for the treatment of
dermatological conditions, including onychomycosis, psoriasis, acne, skin
allergies, and acute fungal infections," said Geert Cauwenbergh. "Braham is
an internationally recognized leader in dermatology by the industry as well
as by academia, and we welcome him to Barrier."
Dr. Shroot joins Barrier with more than 35 years of experience in
dermatology drug development. Most recently, he served as Chief Scientific
Officer, Vice President of Research and Development for DFB
Pharmaceuticals, a specialty pharmaceutical company with branded products
that treat skin and soft tissue disorders. During his seven years at DFP
Dr. Shroot oversaw the introduction of several new products in the U.S., in
addition to the preparation and submission of U.S. and European regulatory
filings for dermatologic and wound care products. Prior to this, Dr. Shroot
spent 13 years in various research and development positions with Galderma
S.A., including serving as President, Galderma Research, Inc. in the U.S.
and as Vice General Manager of Galderma's R&D organization in France. Dr.
Shroot began his career in pharmaceuticals at Pfizer, where he was part of
the team that developed fluconazole and thioconazole. He is author of
several hundred publications, editor of several books and member of the
editorial boards of some prestigious dermatology journals.
Chuck Nomides, Barrier's Chief R&D Officer, will continue to oversee
development activities under Dr. Shroot.
About Barrier Therapeutics
Barrier Therapeutics, Inc. is a pharmaceutical company focused on the
development and commercialization of products in the field of dermatology.
Barrier Therapeutics currently markets three pharmaceutical products in the
United States: Xolegel(TM) (ketoconazole, USP) Gel, 2%, for seborrheic
dermatitis; Vusion(TM) (0.25% miconazole nitrate, 15% zinc oxide, 81.35%
white petrolatum) Ointment, for diaper dermatitis complicated by documented
candidiasis; and Solagé® (mequinol 2.0%, tretinoin 0.01%) Topical
Solution, for solar lentigines. Barrier Therapeutics has other product
candidates in various stages of clinical development for the treatment of a
range of dermatological conditions, including onychomycosis, psoriasis,
acne, skin allergies, and acute fungal infections. The company is
headquartered in Princeton, New Jersey and has wholly owned subsidiaries in
Geel, Belgium and Ontario, Canada. More information about Barrier
Therapeutics can be found on its corporate website at:
www.barriertherapeutics.com.
Xolegel, Vusion and Solagé are trademarks of Barrier Therapeutics, Inc.
Safe Harbor Statement
In addition to historical facts or statements of current condition, this
press release contains forward-looking statements within the meaning of the
"Safe Harbor" provisions of The Private Securities Litigation Reform Act of
1995. Forward-looking statements provide Barrier's current expectations or
forecasts of future events. Barrier's performance and financial results
could differ materially from those reflected in these forward-looking
statements due to the marketplace acceptance of Barrier's products,
Barrier's ability to execute its commercial and clinical strategy, the
decisions of regulatory authorities, the results of clinical trials and
strategic decisions regarding its pipeline, general financial, economic,
regulatory and political conditions affecting the biotechnology and
pharmaceutical industries generally. For a discussion of these and other
risks and uncertainties that may effect the forward-looking statements,
please see the risk factors in the company's Quarterly Report on Form 10-Q
for the year ended March 31, 2007 which is on file with the Securities and
Exchange Commission. Given these risks and uncertainties, any or all of
these forward-looking statements may prove to be incorrect. Barrier
undertakes no obligation to update publicly any forward-looking statement.
In addition, please note that success in clinical trials does not mean that
subsequent trials will confirm earlier findings. No assessment of the
efficacy or safety of any product candidate can be considered definitive
until all clinical trials needed to support a submission for marketing
approval are complete.
Contact:
Barrier Therapeutics, Inc.
Anne M. VanLent
EVP & CFO
(609) 945-1202