|
St. Louis, Missouri - September 27, 2010
Reliable
Biopharmaceutical Corporation ("RBC") today announced that David
Feldker will join RBC and become its CEO and President effective October
23, 2010, and join RBC's Board of Directors. David was previously Vice President SAFC at
Sigma-Aldrich Corp. with responsibility for the Active Pharmaceutical
Ingredient ("API") contract development and manufacturing segment.
"David
built SAFC Pharma into one of the leading developers and manufacturers
of High Potency APIs and Biologic Ingredients" said RBC Chairman of the
Board James A. Breckenridge. "As RBC continues to grow,
David is the perfect executive to lead RBC and capitalize on its complex
chemistry capabilities, strong customer relationships as well as its
robust API pipeline for generic injectable drugs."
"RBC has built an
excellent reputation around high purity ingredients and active
pharmaceutical ingredients" said Feldker. "The
company has accomplished a great deal over the past few years and I
look forward to working together to take it to the next level."
"We are
excited about David joining our team" said Vicente Trelles, co-founding
partner of Med Opportunity Partners, LLC. "David
is an outstanding executive and his experience and leadership in
managing a multimillion dollar business will be key to RBC's success."
Mike Zaleski will be stepping down as RBC's President and CEO effective October 22, 2010 but remain an advisor to the RBC Board of Directors during the transition.
About Reliable Biopharmaceutical Corporation
Founded
in 1968, RBC is an integrated developer and manufacturer of active
pharmaceutical ingredients ("APIs") and High Purity Ingredients ("HPIs")
for pharmaceuticals and biologics. RBC has established a strong
position as a leading developer and manufacturer of complex generic
injectable APIs. The
Company has developed 18 generic injectable APIs to date that have been
approved as Type II Drug Master Files by the FDA and has 14 more in
various stages of development. RBC's products are the
active ingredients for leading generic injectable drugs that treat
cancer, heart disease, hypertension, anxiety and other serious and life
threatening illnesses. RBC also manufactures critical
processing aids for the pharmaceutical industry and currently supplies
these products to many of the world's leading pharmaceutical and
biotechnology companies. RBC is a portfolio company of Med Opportunity
Partners, LLC.
About Med Opportunity Partners, LLC
Med
Opportunity Partners, LLC (www.MedOpportunity.com)
is a Greenwich, CT- based operating oriented private equity firm that
acquires leading healthcare companies at their growth stage. MEDOP is
dedicated to investing in companies that drive healthcare innovation,
growth and consolidation. Founded by seasoned healthcare
operators and investors, MEDOP partners with companies that can benefit
from its extensive industry knowledge, relationships and proven
operating and transaction experience. MEDOP receives funding from
prominent investors including pension funds, endowments, insurance
companies, and private families.
For more information, contact:
Med Opportunity Partners, LLC
James A. Breckenridge, Founding Member (203-622-1333)
Two Soundview Drive, Suite 100
Greenwich, CT 0683
|