WIXOM, Mich., Nov. 1, 2018 /PRNewswire/ -- Rockwell Medical,
Inc. (NASDAQ:RMTI) (the "Company" or "Rockwell Medical") today announced that Angus Smith has been
appointed as Chief Financial Officer of the Company, effective at the end of November 2018.
Mr. Smith will be responsible for overseeing all financial operations and investor relations activities for the Company.
Mr. Smith will join Rockwell Medical from Pernix Therapeutics, a specialty pharmaceutical company focused on the acquisition,
development and commercialization of prescription drugs, where he currently serves as Senior Vice President, Chief Business
Officer and Principal Financial Officer. Prior to this role, he served as Vice President, Business Development & Strategic
Planning, and as Vice President, M&A and Corporate Finance. Prior to joining Pernix, Mr. Smith worked in healthcare
investment banking, most recently serving as a Director in the Healthcare Investment Banking Group at Cantor Fitzgerald. During
his nearly decade-long investment banking tenure, Mr. Smith focused on providing strategic and financial advice to specialty
pharmaceutical and healthcare companies. He holds a B.A. in Mathematical Economics from Colgate
University.
"After conducting a thorough search process, we are very pleased to announce Angus' appointment as CFO of Rockwell Medical,"
said Stuart Paul, President and Chief Executive Officer of Rockwell Medical. "Angus' deep
financial expertise, along with his background advising specialty pharmaceutical and healthcare companies, are a great fit for
Rockwell Medical. He brings a diverse knowledge base to the CFO role given his experience with debt and equity financings,
mergers and acquisitions, licensing agreements, joint ventures and strategic partnerships. We are confident he will be an asset
to our leadership team as we continue our work to drive financial and operational performance for the benefit of our
shareholders."
Mr. Smith said, "I am honored to be named Rockwell Medical's next CFO at this pivotal time in the Company's history. I look
forward to drawing on my background and working with Stuart and the entire Rockwell Medical team to achieve results for our
shareholders."
Ignite Search Partners, a leading executive recruiting firm, assisted with the search process.
The Company will file a Form 8-K with the Securities and Exchange Commission regarding this appointment.
About Rockwell Medical, Inc.
Rockwell Medical is a biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD).
Rockwell Medical's exclusive renal drug therapies support disease management initiatives to improve the quality of life and care
of dialysis patients and are intended to deliver safe and effective therapy, while decreasing drug administration costs and
improving patient convenience. Rockwell Medical's anemia drug Triferic is the only FDA-approved product indicated for iron
replacement and maintenance of hemoglobin in hemodialysis patients. Rockwell's FDA approved generic drug Calcitriol (active
vitamin D) is for treating secondary hyperparathyroidism in patients undergoing chronic renal dialysis. Rockwell Medical is also
an established manufacturer, supplier and leader in delivering high-quality hemodialysis concentrates/dialysates (used to
maintain human life by removing toxins and replacing critical nutrients in the dialysis patient's bloodstream) to dialysis
providers and distributors in the U.S. and abroad. Please visit www.rockwellmed.com for more information.
Forward-Looking Statement
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal
securities laws, including, but not limited to, Rockwell's intention to bring to market Triferic, IV Triferic and Calcitriol.
Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "could," "plan,"
"potential," "predict," "forecast," "project," "plan", "intend" or similar expressions, or statements regarding intent, belief,
or current expectations, are forward-looking statements. While Rockwell believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the
date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to
various risks and uncertainties (including, without limitation, those set forth in Rockwell's SEC filings), many of which are
beyond our control and subject to change. Actual results could be materially different. Risks and uncertainties include:
statements about the timing and success of our planned NDA submission for IV Triferic; the potential market opportunity for IV
Triferic and other Rockwell products; pricing and reimbursement status for IV Triferic, Triferic and other Rockwell products;
liquidity and capital resources; and plans relating to the commercialization of Triferic and Calcitriol. Rockwell expressly
disclaims any obligation to update or alter any statements whether as a result of new information, future events or otherwise,
except as required by law.
Contacts
Dan Katcher / Kelly Sullivan / Arielle Rothstein
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
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SOURCE Rockwell Medical, Inc.