A.P. Pharma Appoints Jesse Hollingsworth as Vice President of Sales
A.P.
Pharma, Inc. (OTCBB: APPA) today announced the appointment of Jesse
Hollingsworth as vice president of sales.
“Jesse brings over a decade of highly relevant oncology sales
experience, including a significant amount of knowledge working with
group purchasing organizations,” said Robert Rosen, A.P. Pharma’s chief
commercial officer. “Over the past several months, A.P. Pharma has been
focused on recruiting key additions to our management team, and Jesse’s
experience in oncology sales will provide insights into the sales
program for our lead product candidate, APF530, which is being developed
for the prevention of acute- and delayed-onset chemotherapy-induced
nausea and vomiting. We are thrilled to have Jesse join us and look
forward to his contributions to our executive team.”
Most recently, Mr. Hollingsworth served as the Senior Director of Group
Purchasing Organizations (GPO) and Trade Strategy at Dendreon where he
developed and implemented the company’s national GPO strategy. During
this time, he was also responsible for building and managing
relationships with top community oncologists for the company. Prior to
his work at Dendreon, Mr. Hollingsworth was the Senior Director of
Strategic Business Development and Marketing at ION Solutions, an
Amerisource Bergen Specialty Group where he focused on GPO, payer and
practice solutions. Earlier, he worked at Amgen, Inc., where, as the
Marketing Director for the oncology business unit, Mr. Hollingsworth was
responsible for US reimbursement and access programs for the Neulasta®,
Neupogen® and Vectibix® franchises. Mr. Hollingsworth received a B.S. in
Journalism and Communications from the University of Florida and a
Master of Health Administration from the University of South Florida.
About APF530
A.P. Pharma's lead product, APF530, is being developed for the
prevention of both acute- and delayed-onset chemotherapy-induced nausea
and vomiting (CINV). One of the most debilitating side effects of cancer
chemotherapy, CINV is a leading cause of premature discontinuation of
treatment. There is only one injectable 5-HT3 antagonist approved for
the prevention of delayed-onset CINV, so this indication represents an
area of particular unmet medical need. APF530 contains the 5-HT3
antagonist granisetron formulated in the Company’s proprietary
Biochronomer™ drug delivery system, which allows therapeutic drug levels
to be maintained for five days with a single subcutaneous injection.
Currently available intravenous and oral formulations of granisetron are
approved only for the prevention of acute-onset CINV. Granisetron was
selected for APF530 because it is widely prescribed by physicians based
on a well-established record of safety and efficacy.
About A.P. Pharma
A.P. Pharma is a specialty pharmaceutical company developing products
using its proprietary Biochronomer™ polymer-based drug delivery
platform. This drug delivery platform is designed to improve the
therapeutic profile of injectable pharmaceuticals by converting them
from products that must be injected once or twice per day to products
that need to be injected only once every one or two weeks. The Company’s
lead product, APF530, is being developed for the prevention of both
acute- and delayed-onset chemotherapy-induced nausea and vomiting. A.P.
Pharma resubmitted its New Drug Application (NDA) for APF530 to the U.S.
Food and Drug Administration in September 2012 and has been assigned a
Prescription Drug User Fee Act (PDUFA) action date of March 27, 2013.
For further information, please visit the Company's web site at www.appharma.com.
Forward-looking Statements
This news release contains "forward-looking statements" as defined by
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve risks and uncertainties, including
uncertainties associated with the potential approval of APF530 and the
potential timing for such approval, if approved at all, as well as risks
relating to capital resources and liquidity, satisfactory completion of
clinical studies, progress in research and development programs, launch
and acceptance of new products and other risks and uncertainties
identified in the Company's filings with the Securities and Exchange
Commission. We caution investors that forward-looking statements reflect
our analysis only on their stated date. We do not intend to update them
except as required by law.