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June 19, 2007
Xanodyne Welcomes New President and CEO

For Immediate Release

Contact:

Kevin T. Anderson

Vice President, Human Resources, Xanodyne Pharmaceuticals, Inc.

859-342-2091

kanderson@xanodyne.com

 

Newport, KY – June 19, 2007 –Xanodyne Pharmaceuticals, Inc., is pleased to announce that Mr. Greg Flexter has been named to the position of President and Chief Executive Officer.  He will also be elected to the Company’s Board of Directors.  He plans to assume his duties on July 9, 2007.

 

Mr. Flexter was most recently at Shire Pharmaceuticals, where he was the Executive Vice President and General Manager of Shire’s North American operations, in addition to being a corporate officer and member of the Executive Committee. While at Shire, Mr. Flexter oversaw the growth of the ADHD franchise to over $1 billion in annual sales.

 

Mr. Flexter has over 26 years of global and domestic pharmaceutical management experience.  He began his career in R&D at Marion Laboratories, served as head of Global Marketing and Medical Research for Neuroscience at Hoechst Marion Roussel and served as head of a fully integrated neuroscience business unit at Novartis US.

 

Mr. Flexter said, “I am very excited to be joining Xanodyne at this important time.  The Company has an impressive late-stage portfolio of products, a top quality management team and the support of a premier Board of Directors.  I strongly believe that Xanodyne is poised for rapid growth.”

 

In commenting on the announcement, Xanodyne’s Chairman of the Board, Rolf Classon said, “We are very pleased to have Greg on board.  Greg has an impressive track record in developing and growing pharmaceutical businesses. His strong leadership skills in combination with his business and pharmaceutical skills are well aligned with the current and future needs of Xanodyne. His depth of experience in the pharmaceutical industry and demonstrated success in commercializing products will enable Xanodyne to optimize the potential of the projects in our pipeline.”

 

About Xanodyne

Xanodyne Pharmaceuticals, Inc. is a privately owned, fully integrated, branded specialty pharmaceutical company focusing on innovative products in the therapeutic areas of women's health and pain management. The company, located in the greater Cincinnati area, has a nationwide sales force and currently markets numerous pharmaceutical products. More information regarding Xanodyne can be accessed at www.xanodyne.com.

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