Andrx Names Lawrence Rosenthal to Lead its Sales & Marketing Team.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.--(BUSINESS WIRE)--Jan. 12, 1999--ANDRX CORPORATION (Nasdaq:ADRX ADRX Andrx Corporation (stock symbol) ) announced today the appointment of Lawrence Rosenthal to lead its sales and marketing team. Mr. Rosenthal has been appointed Executive Vice President Sales & Marketing of Andrx Pharmaceuticals, Inc. His responsibilities will include the development of sales and marketing strategies to establish Andrx as the premier specialty pharmaceutical company in the world and to establish Andrx as the generic brand of choice. Mr. Rosenthal was previously employed for 12 years by Teva Pharmaceuticals, Inc., one of the leading generic pharmaceutical companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , most recently as Vice President of Sales & Marketing. Alan Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Chief Executive Officer of Andrx, put Rosenthal's hiring into perspective. "`Just-in-Time' is a very useful philosophy when it comes to manufacturing, but it's the last approach you want to use when recruiting top executives. With the continuing progress in our ANDA ANDA abbr. abbreviated new drug application activities, Larry stands to make himself valuable immediately, and invaluable soon." Andrx is engaged in the formulation and commercialization of oral controlled-release pharmaceuticals utilizing its proprietary drug delivery technologies, either directly or through collaborative arrangements. In its ANDA program, the Company is developing generic versions of selected high sales volume controlled-release brand name pharmaceuticals. In its NDA (Non Disclosure Agreement) An agreement signed between two parties that have to disclose confidential information to each other in order to do business. In general, the NDA states why the information is being divulged and stipulates that it cannot be used for any program, the Company is developing its own brand name formulations of certain existing drugs that it believes may be improved by the application of the Company's drug delivery technologies. The Company also markets and distributes pharmaceutical products manufactured by third parties and is developing internet-based software applications for healthcare providers. Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. This release and additional information about Andrx Corporation are also available on the Internet at: http://www.andrx.com. |
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