NEW HAVEN, Conn., Oct. 22, 2018 (GLOBE NEWSWIRE) — Melinta Therapeutics, Inc., (NASDAQ: MLNT), a commercial-stage aggregation discovering, developing and commercializing atypical antibiotics to amusement austere bacterial infections, appear today that its lath of admiral has appointed John H. Johnson as acting arch controlling administrator (CEO), able immediately. Mr. Johnson, a administrator of Melinta, succeeds Dan Wechsler, who is dispatch bottomward from his role as president, CEO and administrator to accompany added opportunities. The Lath and Mr. Wechsler mutually agreed that now is the appropriate time to alteration administration of the Company.
“John is an able biopharmaceutical industry baton with added than 20 years of absolute adeptness in the antibiotics space, and we are admiring that he is arch Melinta during this cardinal time. Under John’s leadership, we are assured that sales of bartering products, Baxdela™ (delafloxacin), Vabomere™ (meropenem and vaborbactam), Orbactiv® (oritavancin), and Minocin® (minocycline) for Injection, will abide to accelerate, and that he will focus on deepening the banking position of Melinta by optimizing the integrations of the communicable ache business of The Medicines Aggregation and Cempra,” said Kevin Ferro, administrator of Melinta Therapeutics.
“I am admiring to serve as acting CEO of Melinta and will abide to assignment carefully with the lath of directors, controlling administration and the broader aggregation to added beforehand the Company’s mission to accommodate life-saving ameliorative solutions that abode the evolving all-around blackmail of bacterial infections and antibacterial resistance. This is an agitative time for Melinta and I attending advanced to accidental to the connected advance and approaching success of the Aggregation by carrying anti-infective solutions to patients,” said John H. Johnson, acting arch controlling administrator and administrator of Melinta Therapeutics.
Mr. Ferro added, “On account of the lath of directors, we would like to acknowledge Dan for his contributions to the Aggregation and we ambition him able-bodied in his approaching endeavors.”
John H. Johnson has added than 30 years of biopharmaceutical industry, controlling administration and bartering acquaintance at arch all-around organizations, including Johnson & Johnson, Eli Lilly & Company, ImClone and Pfizer, Inc. In accession to Melinta, Mr. Johnson currently serves on the boards of Aveo Oncology, Histogenics Corporation, Portola Pharmaceuticals, Inc., and is administrator of Strongbridge Biopharma plc. Mr. Johnson ahead served as a administrator at Cempra and Sucampo. He additionally ahead served as admiral and arch controlling administrator of Dendreon Corporation from February 2012, became administrator in July 2013, and served as administrator until June 2014 and admiral and arch controlling administrator until August 2014. Prior to this role, Mr. Johnson served as admiral of Eli Lilly & Company’s All-around Oncology Unit afterward the company’s 2008 accretion of ImClone Systems Incorporated, area he served as arch controlling administrator and on ImClone’s board. Prior to ImClone, Mr. Johnson served as the aggregation accumulation administrator of biopharmaceuticals aural Johnson & Johnson, area he was amenable for biotechnology, immunology and oncology bartering business units. Prior to that role, he captivated several controlling positions at Johnson & Johnson, Parkstone Medical Advice Systems, Inc., Ortho-McNeil Pharmaceutical Corporation and Pfizer Inc. While at Ortho-McNeil, Mr. Johnson was amenable for the company’s anti-infectives portfolio. During his career, Mr. Johnson additionally served as a affiliate of the lath of admiral of Pharmaceutical Research and Manufacturers of America (PhRMA), the Bloom Section Governing Lath of Biotechnology Industry Organizations (BIO), and BioNJ.
About Melinta TherapeuticsMelinta Therapeutics, Inc. is the better pure-play antibiotics company, committed to extenuative lives threatened by the all-around accessible bloom crisis of bacterial infections through the development and commercialization of atypical antibiotics that accommodate new ameliorative solutions. Its four marketed articles accommodate Baxdela™ (delafloxacin), Vabomere™ (meropenem and vaborbactam), Orbactiv® (oritavancin), and Minocin® (minocycline) for Injection. It additionally has an all-encompassing activity of preclinical and clinical-stage articles apery abounding important classes of antibiotics, anniversary targeted at a altered articulation of the anti-infective market. Together, this portfolio provides Melinta with the different adeptness to accommodate providers and patients with a ambit of solutions that can accommodated the amazing charge for atypical antibiotics alleviative austere infections. Visit www.melinta.com for added information.
Cautionary Note Regarding Forward-Looking Statements Certain statements in this advice aggregate “forward-looking statements” aural the acceptation of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and are usually articular by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or agnate expressions. We intend these advanced statements to be covered by the safe anchorage accoutrement for advanced statements absolute in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and are authoritative this account for purposes of acknowledging with those safe anchorage provisions. These advanced statements reflect our accepted angle about our plans, intentions, expectations, strategies and prospects, which are based on the advice currently accessible to us and on assumptions we accept made. Although we accept that our plans, intentions, expectations, strategies and affairs as reflected in or appropriate by those advanced statements are reasonable, we can accord no affirmation that the plans, intentions, expectations or strategies will be accomplished or achieved. Furthermore, absolute after-effects may alter materially from those declared in the advanced statements and will be afflicted by a array of risks and factors that are above our control.
Risks and uncertainties for Melinta include, but are not bound to: the actuality that we accept incurred cogent operating losses back birth and will access connected losses for the accountable future; our bound operating history; our charge for approaching basic and risks accompanying to our adeptness to access added basic to armamentarium approaching operations; uncertainties of banknote flows and disability to accommodated alive basic needs as able-bodied as added milestone, adeptness and acquittal obligations; the actuality that our absolute registered accessible accounting firm’s address on the Company’s 2016 and 2017 banking statements contains an allegorical branch that states that the our alternating losses from operations and our charge to access added basic raises abundant agnosticism about our adeptness to abide as a activity concern; our abundant indebtedness; risks accompanying to our bartering launches of our articles and our affliction as a aggregation in business biologic products; the bulk of bazaar accepting of our articles amid physicians, patients, bloom affliction payors and the medical community; the appraisement we are able to accomplish for our products; abortion to access and sustain an able akin of agreement for our articles by third-party payors; inaccuracies in our estimates of the bazaar for and commercialization abeyant of our products; abortion to advance optimal account levels to accommodated bartering appeal for any of our products; risks that our competitors are able to advance and bazaar articles that are adopted over our products; our assurance aloft third parties for the accomplish and accumulation of our marketed products; abortion to accomplish the allowances of our afresh completed affairs with Cempra and The Medicines Company; abortion to authorize and advance development and commercialization collaborations; ambiguity in the aftereffect or timing of analytic trials and/or cancellation of authoritative approvals for our artefact candidates; abominable ancillary furnishings of our products; abortion of third parties to conduct analytic trials in accordance with their acknowledged obligations; our adeptness to identify, develop, access or in-license products; difficulties in managing the advance of our company; the furnishings of contempo absolute tax reform; risks accompanying to abortion to accede with all-encompassing laws and regulations; artefact accountability risks accompanying to our products; abortion to absorb key personnel; disability to obtain, advance and accomplish patents and added bookish acreage rights or the abrupt costs associated with such administration or litigation; risks apropos to third affair contravention of bookish acreage rights; our adeptness to advance able centralized ascendancy over banking reporting; abortive outcomes in any of the chic activity and actor acquired lawsuits currently awaiting adjoin the Company; and the actuality that a abundant bulk of shares of accepted banal may be awash into the accessible markets by one or added of our ample shareholders in the a future. Abounding of these factors that will actuate absolute after-effects are above Melinta’s adeptness to ascendancy or predict.
Other risks and uncertainties are added absolutely declared in our Annual Address on Form 10-K for the year concluded December 31, 2017, and in added filings that Melinta makes and will accomplish with the SEC. Existing and -to-be investors are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date hereof. The statements fabricated in this columnist absolution allege alone as of the date declared herein, and consecutive contest and developments may account our expectations and behavior to change. While we may accept to amend these advanced statements about at some point in the future, we accurately abandon any obligation to do so, whether as a aftereffect of new information, approaching contest or otherwise, except as appropriate by law. These advanced statements should not be relied aloft as apery our angle as of any date afterwards the date declared herein.
Media Inquiries: Elixir Bloom Accessible RelationsLindsay Rocco 1 [email protected]
Investor Inquiries:Lisa DeFrancesco 1 908-617-1358
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