Radius Health Announces Change to its Board of Directors

Rhea-AI Summary

Radius Health, Inc. (Nasdaq: RDUS) has appointed Machelle Sanders and Dr. Andrew C. von Eschenbach to its board of directors, filling vacancies left by Jessica Hopfield, Ph.D. and Tony Rosenberg. Sanders brings over 25 years of pharmaceutical experience, having previously led Biogen's operations for its MS franchise. Dr. von Eschenbach, a former FDA commissioner, adds significant expertise in translating science into therapeutics. Chairman Owen Hughes expressed confidence in their contributions to Radius's emerging pipeline as the company refines its focus.

Positive

• Machelle Sanders' extensive supply chain and manufacturing experience may enhance Radius's operational effectiveness.
• Dr. Andrew C. von Eschenbach's background in FDA and oncology may provide valuable insights for product development.

Negative

• The departure of Jessica Hopfield and Tony Rosenberg may indicate potential continuity concerns within the board.

BOSTON, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Radius Health, Inc. (“Radius” or the “Company”) (Nasdaq: RDUS) announced today that Machelle Sanders and Dr. Andrew C. von Eschenbach have joined the Company’s board of directors. Ms. Sanders and Dr. von Eschenbach will fill vacancies created by the departures of Jessica Hopfield, Ph.D. and Tony Rosenberg, who stepped down from the board on December 31, 2020 after years of service.

Owen Hughes, Chairman of the Radius Board of Directors commented, “We are absolutely delighted to welcome both Machelle and Andy to the Radius board. Machelle’s extensive experience in complex supply chain management, manufacturing and quality assurance will prove invaluable as we move forward with our emerging pipeline. Likewise, the addition of Andy’s unique ability to translate emerging science into therapeutics that improve patient outcomes is truly world class and will greatly assist us in thinking through both direction and opportunity.”

Mr. Hughes added, “On behalf of the entire Board, I would like to thank both Jessica and Tony for their efforts, input and many contributions to Radius. They have provided the Company with critical insights and guidance on a variety of operational and business matters. These changes are consistent with the Company’s refined focus and are taking place across all levels of the organization in parallel.”

Machelle Sanders

Machelle Sanders is a highly experienced pharmaceutical and biotechnology executive with over 25 years in the industry. Currently Ms. Sanders is Secretary of the North Carolina Department of Administration, having been appointed by Governor Roy Cooper. The Administration Secretary oversees the state agency whose mission is to provide broad array of high quality public services to its customers: the citizens, agencies and communities of North Carolina.

While in the private sector, Ms. Sanders was responsible for the pharmaceutical operations and technology operational strategy for Biogen’s multi-billion dollar multiple sclerosis (MS) franchise. As vice president she was responsible for manufacturing and general management of the company’s most advanced and largest manufacturing facility located in Research Triangle Park, North Carolina.

Ms. Sanders holds a bachelor of science degree in Biochemistry from North Carolina State University and a masters of health administration (MHA) from Pfeiffer University.

Dr. Andrew C. von Eschenbach

Dr. von Eschenbach was appointed acting commissioner of the FDA in 2005, and confirmed as commissioner in 2006. He remained in that role until his resignation in 2009. Prior to that, he served as director of the National Cancer Institute (NCI) at the National Institutes of Health (NIH) from 2002 to 2006. He served as a physician, surgeon, oncologist and executive at the University of Texas MD Anderson Cancer Center from 1976 until 2002.

Dr. von Eschenbach earned a B.S. from St. Joseph's University and a M.D. from Georgetown University. He served as a lieutenant commander in the U.S. Naval Medical Corps. His residency was at Pennsylvania Hospital in Philadelphia. He also completed a fellowship in Urologic Oncology at the University of Texas MD Anderson Cancer Center.

About Radius

Radius is a science-driven fully integrated biopharmaceutical company that is committed to developing and commercializing innovative endocrine therapeutics. For more information, please visit www.radiuspharm.com.

Investor Relations Contact:
Peter Schwartzman
Email: investor-relations@radiuspharm.com
Phone: 617-583-2017

FAQ

Who are the new board members of Radius Health (RDUS)?

Machelle Sanders and Dr. Andrew C. von Eschenbach have joined the board of Radius Health.

What experience does Machelle Sanders bring to Radius Health?

Machelle Sanders has over 25 years of pharmaceutical experience, including leadership at Biogen.

What role did Dr. Andrew C. von Eschenbach have before joining Radius Health?

Dr. von Eschenbach was the commissioner of the FDA and has extensive experience in oncology.

Why did Jessica Hopfield and Tony Rosenberg leave Radius Health's board?

They stepped down from the board after years of service, creating vacancies for new members.

What is the expected impact of the new board members on Radius Health's strategy?

Their expertise is anticipated to strengthen Radius's focus on its emerging pipeline and operational strategy.