SAN DIEGO--- Favrille Appoints Former Eli Lilly Executive Michael Eagle Chairman of the Board
Favrille, Inc. (NASDAQ:FVRL) , a biopharmaceutical company developing patient-specific, active immunotherapies for the treatment of cancer, announced today the appointment of Michael Eagle as Chairman of the Company's Board of Directors. Mr. Eagle has more than 30 years of broad-based experience in manufacturing and general management positions in industry, including medical devices and pharmaceutical products. He has been a member of Favrille's Board since September 2003.
Mr. Eagle served as Vice President of Manufacturing for Eli Lilly and Company for eight years. Previously he was Chief Executive Officer of IVAC Corporation, and Senior Vice President of the Medical Devices and Diagnostics Division of Lilly (formerly Guidant Corporation). Since retiring from Eli Lilly in 2001, Mr. Eagle is a founding member of Barnard Life Sciences, and Chairman of Optical Vitals. He also sits on the Board of Directors of Radiant Medical and Siegel-Robert Corporation. Mr. Eagle received his bachelor's degree in Engineering from Kettering University and his MBA from the Krannert School of Management at Purdue University.
"For the past three years I have had the pleasure of serving on Favrille's Board as the Company has positioned itself for commercial success," said Mr. Eagle. "Now, on the brink of Phase 3 data this quarter, I look forward to taking on an even greater role at a critical time in the Company's development."
Mr. Eagle assumes the role of Chairman from Cam Garner, who will remain on the Board. Mr. Garner has served on Favrille's Board of Directors since December 2000 and as Chairman since May 2001. He recently co-founded specialty pharmaceutical companies Verus Pharmaceuticals, Inc., where he now presides as Chairman and Chief Executive Officer, and Cadence Pharmaceuticals, Inc., where he serves as Chairman. In addition, he is on the Board of Directors of Pharmion Corporation and Somaxon Pharmaceuticals, Inc., as well as a number of privately held companies.
"Mike has a combination of manufacturing and management experience that is ideally suited for Favrille as it prepares for commercialization of its lead product candidate FavId(R)," said Mr. Garner. "I am excited to continue working with Mike, along with the entire Board and management team to help bring this important treatment option to patients with non-Hodgkin's lymphoma."
About Favrille, Inc.
Favrille, Inc. is a biopharmaceutical company focused on the development and commercialization of targeted immunotherapies for the treatment of cancer and other diseases of the immune system. The Company's lead product candidate, FavId, is based upon unique genetic information extracted from a patient's tumor. FavId is currently under investigation in a pivotal Phase 3 clinical trial for patients with follicular B-cell NHL and Phase 2 clinical trials in other B-cell NHL indications. The Company is developing additional applications based on its immunotherapy expertise and proprietary cost-effective manufacturing technology, including a second product candidate, FAV-201, for the treatment of cutaneous T-cell lymphoma.