Gene Logic Inc. (MM) (NASDAQ:GLGC)
Historical Stock Chart
From Dec 2019 to Dec 2024
Gene Logic Inc. (NASDAQ:GLGC) announced today the appointment of Stephen
R. Donahue, M.D. as Senior Vice President of Clinical Development. Dr.
Donahue will lead the Company’s efforts in
clinical development to advance proprietary drug candidates it acquires
through drug repositioning partnerships. Dr. Donahue’s
responsibilities will integrate with those of Gene Logic’s
Rediscovery and Business Development and Licensing groups to drive the
growth of the Company’s emerging business in
Drug Repositioning.
Dr. Donahue’s background includes all phases
of clinical drug development and regulatory affairs. He holds board
certifications in both Internal Medicine and Clinical Pharmacology.
Prior to his appointment at Gene Logic, Dr. Donahue was Vice President,
Clinical Research and Operations, at Epix Pharmaceuticals, Inc., a
Massachusetts-based, clinical-stage biopharmaceutical company. Before
Epix, Dr. Donahue served with Merck & Co., Inc. as Medical Director,
Clinical Research, Atherosclerosis and Metabolism. Prior to Merck, he
held positions of increasing responsibility with Bristol-Myers Squibb,
including in the departments of Clinical Design and Evaluation, and
Clinical Pharmacology/Experimental Medicine. He has developed drugs in
several different therapeutic areas and has worked on products such as
Vytorin®, Pravachol®,
and Glucophage®. Dr. Donahue holds an M.D.
from Georgetown University, and was an NIH Fellow in Clinical
Pharmacology at Georgetown University Medical Center.
Charles L. Dimmler, III, Gene Logic Chief Executive Officer and
President, said, “Gene Logic’s
drug repositioning efforts are proceeding on plan with more than 70
compounds under evaluation. An initiative is underway now to secure a
development partner for the Company’s first
proprietary drug candidate, GL1001, acquired from Millennium
Pharmaceuticals. Stephen Donahue has proven expertise in clinical
development and will be a key figure as we continue to execute Gene Logic’s
strategic plan.”
Stephen R. Donahue, M.D., Senior Vice President, Clinical Development
for Gene Logic, said, “I’m
pleased to be joining Gene Logic at a time when the Company’s
Drug Repositioning Program and partnerships with Pfizer, Roche, Abbott,
Eli Lilly, Organon, and Lundbeck offer exciting opportunities for
clinical development of novel drug candidates in a variety of
therapeutic areas. I look forward to applying my clinical development
expertise to the development of GL1001 and future Gene Logic drug
candidates.”
VYTORIN® is a registered trademark of MSP
Singapore Company, LLC.
PRAVACHOL® and GLUCOPHAGE®
are registered trademarks of Bristol-Myers Squibb Company or one of its
divisions or subsidiaries.
Gene Logic Overview
Gene Logic is transforming into a pharmaceutical development company
through partnerships with pharmaceutical companies. Our partners provide
Gene Logic with access to their drug candidates that have been assessed
as safe in human clinical trials but discontinued for other reasons.
Gene Logic applies its drug indication platform to find new therapeutic
uses for the drug candidates. Gene Logic expects to receive milestone
payments and royalties on drug candidates that our partners choose to
develop based on the indications we find or, if the partner elects not
to pursue such new indications, Gene Logic may receive ownership and
development rights.
Gene Logic has also developed proprietary genomics databases and
services to enable customers worldwide to discover and prioritize drug
targets, identify biomarkers, predict toxicity and understand mechanisms
of toxicity, and obtain insights into the efficacy of specific
compounds. We continue to offer customers these services and licenses to
the databases. Such databases, services and expertise are also a vital
part of our drug indication platform. Following consideration of various
strategic alternatives for its Genomics Division, the Company is
concentrating its efforts on investigating the possibility of a sale of
all or parts of its Genomics business while continuing to serve new and
existing Genomics customers.
Founded in 1994, Gene Logic is headquartered in Gaithersburg, Md., with
additional research and development facilities in Cambridge, Mass. The
Company currently has about 150 employees worldwide. For more
information, visit www.genelogic.com
or call toll-free – 1/800/GENELOGIC.