Neptune Technologies & Bioressources Inc. welcomes Dr. Anthony Holler to its Board of Directors
Laval, Québec, CANADA – July 05, 2011– Neptune Technologies & Bioressources Inc. (Neptune) (NASDAQ.NEPT - TSX.V.NTB) is pleased to announce that Dr. Anthony Holler, the former CEO of a biomedical company that grew from a market cap of $25 million to $1.7 billion under his leadership, will be joining Neptune’s board.
Dr. Holler was CEO of ID Biomedical from 1999 until 2005 when the company was sold to GlaxoSmithKline for $1.7 billion. ID Biomedical was dedicated to the commercial development of medical products and technologies for the diagnosis, treatment and prevention of human infectious diseases. Dr. Holler also sits on numerous corporate boards across the Country.
“It is with great honour that we welcome Dr. Holler as a member of our Board of Directors” said Henri Harland, CEO of Neptune Technologies & Bioressources Inc. “Dr. Holler will bring new expertise to our Board with his knowledge of the capital markets as well as the scientific community. His many achievements speak for themselves,” added Mr. Harland.
"It is with great pleasure and anticipation that I have joined the board of Neptune,” said Dr. Holler. "My experience in building ID Biomedical from inception through research and development, manufacturing and product approval should be very valuable in my new role as a director of Neptune. I am excited to help in the building of a very promising enterprise and building shareholder value." he added.
Neptune granted to Dr. Holler a total of 25,000 stock options exercisable at $3.50 and expiring on June 28th 2014. About Neptune Technologies & Bioressources Inc.
Neptune is an industry-recognized leader in the innovation, production
and formulation of science-based and clinically proven novel
phospholipid products for the nutraceutical and pharmaceutical markets.
The Company focuses on growing consumer health markets including
cardiovascular, inflammatory and neurological diseases driven by
consumers taking a more proactive approach to managing health and
preventing disease. The Company sponsors clinical trials aimed to
demonstrate its product health benefits and to obtain regulatory
approval for label health claims. Neptune is continuously expanding its
intellectual property portfolio as well as clinical studies and
regulatory approvals. Neptune’s products are marketed and distributed in
over 20 countries worldwide.
About Acasti Pharma Inc.
Acasti Pharma is developing a product portfolio of proprietary novel
long-chain omega-3 phospholipids. Phospholipids are the major component
of cell membranes and are essential for all vital cell processes. They
are one of the principal constituents of High Density Lipoprotein (good
cholesterol) and, as such, play an important role in modulating
cholesterol efflux. Acasti Pharma’s proprietary novel phospholipids
carry and functionalize the polyunsaturated omega-3 fatty acids EPA and
DHA, which have been shown to have substantial health benefits and which
are stabilized by potent antioxidants. Acasti Pharma is focusing
initially on treatments for chronic cardiovascular conditions within the
over-the-counter, medical food and prescription drug markets.
About NeuroBioPharm
NeuroBioPharm is pursuing pharmaceutical neurological applications, and a clinical study for a medical food product with a multinational partner is already initiated. The development of a prescription drug candidate is currently in progress. Advanced clinical development and commercialization is planned to be carried out with multinational partners.
"Neither Nasdaq nor the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
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Neptune Contact:
Neptune Technologies & Bioressources Inc.
André Godin, V.P. Administration and Finance
450.687.2262
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www.neptunebiotech.com
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Howard Group Contact:
Bob Beaty
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+1 403.410.6020
www.howardgroupinc.com
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CEOCast Contact:
Dan Schustack
+1 212.732.4300
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www.ceocast.com
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