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Thrombotargets Corporation announces the incorporation of Steven Hite as a Chief Operating Officer based in North Carolina, USA.

Durham, NC, June 1, 2007 – Thrombotargets Corp., a privately held group of Biotech Company focused in the discovery and development of innovative drugs, is pleased to announce the appointment of Steve A. Hite to Chief Executive Officer. Reporting to the Executive Vice President, Dr. Caveda, Mr. Hite will be responsible for Business Development Strategy, corporate development, the development and enforcement of corporate policies and procedures, and government affairs.

Mr Steven Hite has an extensive experience throughout the Far East in sales, marketing and licensed business development over a wide variety of medical and pharmaceutical products and services as well as extensive overseas business assignments.

Mr Hite has successfully managed all aspects of two multinational corporate start-ups in Tokyo, Japan and Princeton, New Jersey. As CEO and COO respectively, effectively managed all functions of corporate operation for these entities, leading the completion of an important worldwide product marketing agreement.

“We are very pleased to have someone of Steve’s talent join Thrombotargets” says Dr. Pedreño, president and Chief Executive Officer. “His extensive experience and skills on the Pacific Rim and US Bio-Pharmaceutical markets will help Thrombotargets to accomplish its business plans including the out license of TT-103MH and the exploitation of BIOPLATFORMSCREEN HTS technologies.”

Upon joining Thrombotargets after his successful career at Taiho Pharma USA, Inc., Mr. Hite stated: “I am very impressed with the products and technologies of Thrombotargets, and I am excited to join this company and Work with Javier, Luis and Thrombotargets’ strong management team. Thrombotargets has breakthrough
Technologies, first-in-class products and a flexible infrastructure upon which to expand. I look forward to contributing to the continued growth of Thrombotargets.”

Mr Steven Hite holds the BS graduation in, Business Management and Marketing and after that he was serving for several relevant positions of business managing in several companies worldwide.

About Thrombotargets Group

Thrombotargets has developed and adapted to High Throughput Screening, a new family of biological assays, Hemosta-BIOPLATFORMSCREEN™, capable to quantify simultaneously clot formation and clot lysis , Oxidant- BIOPLATFORMSCREEN™ to quantify total antioxidant capacity and Athero- BIOPLATFORMSCREEN™, to quantify low-density lipoprotein modification. With these proven proprietary new HTS Platforms (BIOPLATFORMSCREEN™), Thrombotargets group is creating a continuously novel and promising pipeline of drug candidates. TT-103MH, Thrombotargets’ most advanced drug candidate, has recently been granted with an Orphan Drug Designation, and will start Phase I clinical trials in early 2008.

Contact:

Luis Caveda Ph.D.
Thrombotargets Corp.
COO
luiscaveda@thrombotargets.com
 


 

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