DRAXIS Appoints Acting President Of Manufacturing Subsidiary.Business Editors MISSISSAUGA, Ontario--(BUSINESS WIRE)--Sept. 12, 2002 DRAXIS Health Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DRAX) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DAX) has appointed Mr. Jim Garner to the position of Acting President of DRAXIS Pharma Inc. (DPI (Dots Per Inch) The measurement of the resolution of display and printing systems. A typical CRT screen provides 96 dpi, which provides 9,216 dots per square inch (96x96). Flat panel displays from 110 to 200 dpi have also been developed. ), the Company's manufacturing subsidiary, in addition to his current duties as Senior Vice President, Finance and Chief Financial Officer of the parent company. Mr. Garner will assume his new responsibilities immediately, to coincide with the upcoming departure of Mr. Dwight Gorham, who has indicated his intention to leave the company, effective November 8th, to pursue other interests. Day-to-day operations of DPI will continue to be managed by the existing team of senior directors, headed up by Mr. Garner. Mr. Gorham will assist Mr. Garner during the transition period. "The management and employee team assembled at DPI is highly qualified and fully prepared to execute the business plan to move our manufacturing business into its next phase of growth," stated Dr. Martin Barkin, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DRAXIS. "Dwight Gorham has built a strong team and laid a solid foundation at DPI that assures its continued growth as a premier specialty pharmaceutical contract manufacturing enterprise. We wish him well in his future endeavours." Dr. Barkin continued, "Jim Garner was a key participant in the decision to invest in the contract manufacturing business in 1998 and since then, as the CFO See Chief Financial Officer. of DRAXIS, he has been closely involved in the financial management of DPI. I am confident that he will bring to the team a strong focus on the essential fundamentals required for the future success and profitability of this rapidly growing subsidiary." Jim Garner joined DRAXIS Health in 1996 and is currently Senior Vice President, Finance and Chief Financial Officer of the parent company. He has previous financial management experience in the manufacturing sector plus ten years of international investment banking. He has earned an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration and is a Chartered Accountant char·tered accountant n. Chiefly British Abbr. CA A member of one of the institutes of accountants granted a royal charter. and a Chartered Business Valuator. The senior management staff at DPI who will be working closely with Mr. Garner includes several highly qualified individuals: Mohammed Barkat, Quality Director, has been with DPI since 1998 and he has over 20 years experience in the pharmaceutical industry encompassing various quality and manufacturing assignments. He has bachelor and master level degrees in chemistry. He and his team have been instrumental in DRAXIS' achievement of more than 10 FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approvals for a wide range of products and facilities over the past 18 months. Michel Sauvageau, Director of Manufacturing Operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , joined DPI in June 2000 following five years of experience directing production operations in a Canadian-based pharmaceutical firm specializing in sterile products, in addition to prior experience with international healthcare companies. He has earned a post-secondary degree in biochemistry as well as an MBA. Bill Gilbert, Technical Director, has 14 years experience in the pharmaceutical industry with a broad background in several disciplines including pharmaceutical validation, technical services, change management and quality assurance. He has earned post-secondary degrees in analytical chemistry analytical chemistry: see under chemistry. and environmental toxicology. John Orlando, Director of Logistics, joined DPI earlier this year following a long career highlighted by increasing management responsibilities in the aerospace industry, most recently as a senior manager of supply chain synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. . He has an undergraduate degree “First degree” redirects here. For the BBC television series, see First Degree. An undergraduate degree (sometimes called a first degree or simply a degree in commerce and an MBA. About DRAXIS Health Inc. DRAXIS Health Inc. is a specialty pharmaceutical company focused on the development, production, marketing and distribution of radiopharmaceuticals (DRAXIMAGE) and the provision of contract pharmaceutical manufacturing services, specializing in liquid and freeze-dried injectables and other sterile products (DRAXIS Pharma). Except for historical information, this news release contains certain forward-looking statements that involve risk and uncertainties, which may cause actual results to differ materially from the statements made. Such factors include, but are not limited to, changing market conditions, clinical trial results, the establishment of new corporate alliances, the impact of competitive products and pricing, the timely development, regulatory approval and market acceptance of the Company's products, and other risks detailed from time-to-time in the Company's filings with the US Securities and Exchange Commission and Canadian securities authorities. |
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