Andrx Hires Nicholas Cappuccino, Ph.D. as Chief Scientific and Technical Officer.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- Andrx Corporation (Nasdaq:ADRX ADRX Andrx Corporation (stock symbol) ) today announced that Nicholas F. Cappuccino cap·puc·ci·no n. pl. cap·puc·ci·nos Espresso coffee mixed or topped with steamed milk or cream. [Italian, , Ph.D. has joined Andrx Pharmaceuticals, Inc., as Executive Vice President and Chief Scientific and Technical Officer, reporting directly to Thomas P. Rice, Andrx Corporation's Chief Executive Officer. Dr. Cappuccino has 25 years of pharmaceutical experience with such companies as Hoechst-Roussel Pharmaceuticals, Apotex Inc. and Sandoz Inc. Most recently at Sandoz, Dr. Cappuccino was Vice President, Scientific Affairs, responsible for scientific affairs of the U.S. business, and a member of the company's executive committee. Commenting on Dr. Cappuccino's employment, Mr. Rice said: "I am pleased to announce Nick's appointment and welcome him to the Andrx executive management team. Nick's extensive industry experience in product and process development, manufacturing and quality systems will help ensure that all aspects of the product commercialization process operate at the highest standards, and that we continue to grow our pipeline of products for the years to come. Nick will also contribute to Andrx's growth by working with our recently expanded business development group to broaden and diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. our opportunities through product and technology acquisitions." About Andrx Corporation: We are a pharmaceutical company that: --Develops, manufactures and commercializes generic versions of controlled-release, niche and immediate-release pharmaceutical products, including oral contraceptives Oral Contraceptives Definition Oral contraceptives are medicines taken by mouth to help prevent pregnancy. They are also known as the Pill, OCs, or birth control pills. ; --Distributes pharmaceuticals, primarily generics, which have been commercialized by others, as well as our own, primarily to independent pharmacies An independent pharmacy is a retail pharmacy that is not directly affiliated with any chain pharmacy, such as CVS/pharmacy, Walgreens or Eckerd. However, owners of independent pharmacies will often form alliances with other independents and use their power in numbers to bargain for , pharmacy chains, pharmacy buying groups and physicians' offices; and --Develops and manufactures pharmaceutical products for other pharmaceutical companies, including combination products and controlled-release formulations utilizing our patented technologies and formulation formulation /for·mu·la·tion/ (for?mu-la´shun) the act or product of formulating. American Law Institute Formulation capabilities. This release and additional information about Andrx Corporation is also available on the Internet at: http://www.andrx.com. |
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