WIXOM, Mich., Dec. 10, 2018 /PRNewswire/ -- Rockwell Medical,
Inc. (NASDAQ: RMTI) (the "Company" or "Rockwell Medical") today announced that Michael DeYoung has
been appointed Vice President, Operations, effective immediately. Mr. DeYoung will report to Stuart
Paul, President and Chief Executive Officer of the Company. As Vice President, Operations, Mr. DeYoung will be responsible
for leading Rockwell Medical's newly formed Operations Team, in addition to overseeing manufacturing operations, logistics and
company-wide strategy deployment. Within these areas, Mr. DeYoung will oversee key initiatives that support the launch of
Triferic® in the U.S. and globally.
Mr. DeYoung joins Rockwell Medical from ZDHF Holdings, LLC, a storage and logistics firm, where he served as Chief Financial
Officer. Previously, he held the role of Group Director of the Moog Medical Device Group of Moog Inc., where he was responsible
for finance, human resources and IT operations and played a key role in the turnaround of the division. From 2008 to 2013, Mr.
DeYoung worked at Gambro AB, a global medical technology and pharmaceutical company and leader in dialysis products, where he led
operational initiatives contributing to the successful exit and sale of the company to Baxter International. Following the sale
of Gambro AB to Baxter in 2013, Mr. DeYoung served as Director of Integration and Business Operations and was responsible for the
full integration of the Baxter and Gambro renal operations in Latin America. He spent the early
part of his career at IMI Norgren, a world leader in motion and fluid control technologies, where he held various roles in
manufacturing, project management, finance and business controls. Mr. DeYoung holds a Bachelor's Degree in Business Management,
General Business from Western Michigan University and a Master's Degree in Accounting from
Walsh College.
Mr. Paul stated, "Mike's breadth of experience in operational leadership and strategic program management make him ideally
suited to contribute to Rockwell Medical as we work to position our resources most efficiently and execute against our goals,
including our planned commercial launch of Dialysate Triferic in the U.S. in the first half of 2019. Mike has a proven track
record of driving value and delivering results, and I am confident that he has the expertise necessary to oversee and improve
operations."
Mr. Paul continued, "One of my priorities since joining Rockwell Medical was to further build-out the senior management team
and I am pleased to announce that with Mike on board, we've now completed the hiring of all critical senior leadership positions.
Together, these individuals bring essential business experience, as well as expertise in the renal therapy and specialty
pharmaceutical space. I am enthusiastic about the talented team we have assembled."
"I am excited to join Rockwell Medical and to be working alongside the team to best position our valuable assets," said Mr.
DeYoung. "I look forward to applying my experience and operational know-how as we focus on achieving our key milestones."
Mr. Paul's appointment as President and CEO of Rockwell Medical became effective on September 4,
2018. Since that time, Mr. Paul has appointed the following individuals to the Rockwell Medical senior leadership
team:
- Angus Smith, Chief Financial Officer;
- Jim McCarthy, Senior Vice President, Corporate Business Development;
- Charlie Shiner, Vice President, Marketing;
- Michael DeYoung, Vice President, Operations; and
- Anne Boardman, Vice President, Sales and Strategic Accounts.
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,
including eligibility for add-on reimbursement under TDAPA; liquidity and capital resources; expected duration of Rockwell
Medical's existing working capital; plans and timing relating to the planned commercialization of Triferic; and timing and
success of our efforts to renegotiate economic terms of our concentrate business 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.