20.06.2008 11:00:00
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Acorda Therapeutics CEO Ron Cohen Appointed Member of Executive Committee of Biotechnology Industry Organization (BIO)
Acorda Therapeutics, Inc. (NASDAQ: ACOR) today announced President and
CEO Ron Cohen, M.D. has been appointed to the Executive Committee of the
Biotechnology Industry Organization (BIO). Dr. Cohen was also named Vice
Chair of the Emerging Companies Section of BIO. BIO is the world's
largest biotechnology organization, providing advocacy, business
development and communications services for more than 1,200 members
worldwide.
"BIO serves a critical role in promoting the
discovery and development of new technologies in various biotechnology
fields,” said Dr. Cohen. "It
is a privilege to serve the organization in this new capacity and I look
forward to helping BIO fulfill its mission of fostering scientific
innovations that improve our healthcare, agriculture and the environment.”
Acorda has been a member of BIO since 1999, and Dr. Cohen has been a
member of the Emerging Companies Section since 2003. As Vice Chair, he
will help to design BIO’s agenda for serving
the needs of small to medium size BIO member companies, most of whom do
not yet have major products approved and on the market.
"Acorda’s growth
from a small start-up to a fully-integrated biotechnology company with
multiple products in development exemplifies how BIO members can mature
and expand over time. BIO works to maintain an environment for that kind
of growth by advocating for a favorable policy climate,”
said James C. Greenwood, President and CEO of BIO. "We
are pleased to welcome Ron to the BIO leadership team, and look forward
to his continued contribution to our organization.” About Acorda Therapeutics
Acorda Therapeutics is a biotechnology company developing therapies for
spinal cord injury, multiple sclerosis and related nervous system
disorders. The Company's marketed products include Zanaflex Capsules®
(tizanidine hydrochloride), a short-acting drug for the management of
spasticity. Acorda’s lead clinical product,
Fampridine-SR, has completed two Phase 3 clinical trials to evaluate its
safety and efficacy to improve walking ability in people with MS. The
Company's pipeline includes a number of products in development for the
treatment, regeneration and repair of the nervous system.
Acorda Therapeutics, Inc. Forward-Looking Statements
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical facts, regarding
management's expectations, beliefs, goals, plans or prospects should be
considered forward-looking. These statements are subject to risks and
uncertainties that could cause actual results to differ materially,
including delays in obtaining or failure to obtain FDA approval of
Fampridine-SR, the risk of unfavorable results from future studies of
Fampridine-SR, Acorda Therapeutics' ability to successfully market and
sell Zanaflex Capsules®,
competition, failure to protect its intellectual property or to defend
against the intellectual property claims of others, the ability to
obtain additional financing to support Acorda Therapeutics' operations,
and unfavorable results from its preclinical programs. These and other
risks are described in greater detail in Acorda Therapeutics' filings
with the Securities and Exchange Commission. Acorda Therapeutics may not
actually achieve the goals or plans described in its forward-looking
statements, and investors should not place undue reliance on these
statements. Acorda Therapeutics disclaims any intent or obligation to
update any forward-looking statements as a result of developments
occurring after the date of this press release.
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