Corium International Adds Dr. Bhaskar Chaudhuri and David Greenwood to Board of Directors

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Feb 03, 2011, 06:00 ET

MENLO PARK, Calif., Feb. 3, 2011 /PRNewswire/ -- Corium International, Inc., a privately-held advanced transdermal drug delivery company, today announced the appointment of Dr. Bhaskar Chaudhuri and David L. Greenwood to the Board of Directors. Dr. Chaudhuri most recently served as President of Valeant Pharmaceuticals International and previously was President and Chief Executive Officer of Dow Pharmaceutical Services, Inc. Mr. Greenwood is Executive Vice President and Chief Financial Officer of Geron Corporation.

"We are excited and honored to welcome two executives of Bhaskar and David's caliber to Corium's Board of Directors," said Peter Staple, Corium's President and Chief Executive Officer. "They bring a breadth of experience and accomplishments that will be invaluable as Corium advances through its next stages of growth."

With well over 20 years of industry management experience, Dr. Chaudhuri brings extensive product development and commercialization knowledge to Corium. Before joining Dow, he served as Vice President of R&D at Penederm, Inc., as General Manager of the Dermatology Division of Mylan Laboratories, and as Executive Vice President of Scientific Affairs at Bertek Pharmaceuticals, a subsidiary of Mylan, where he was responsible for research and development activities as well as certain of the company's manufacturing operations. As Chief Executive Officer of Dow, Dr. Chaudhuri led the company through a transition from a contract development focus to developing an attractive internal product pipeline and the company's eventual merger with Valeant. Dr. Chaudhuri holds a Doctorate in Physical Pharmacy, a Master's of Science in Industrial Pharmacy and a Bachelor's of Science in Pharmacy.

Mr. Greenwood brings substantial expertise in financing pharmaceutical and biotechnology companies. Before joining Geron, he held various positions in the investment banking field for over 15 years, including the international investment bank, J.P. Morgan & Co. Incorporated. He joined Geron in 1995 as the company's Chief Financial Officer, Treasurer and Secretary and has also served as the company's Vice President of Corporate Development. Mr. Greenwood is a director of two of the company's subsidiaries, Geron Bio-Med Limited and TA Therapeutic Ltd. as well as a director of ViaGen, Inc., an Arizona corporation, and Clone International, an Australian company. Mr. Greenwood serves on the Board of Regents of Pacific Lutheran University from which he holds a Bachelor of Arts. He also has an M.B.A. from Harvard Business School.

Dr. Chaudhuri and Mr. Greenwood join current Corium board members Ron Eastman, Chairman of the Board of Corium and Managing Director at Essex Woodlands Health Ventures, Dr. Phyllis Gardner, Partner at Essex Woodlands and Professor of Medicine at Stanford University, John Kozarich, Chairman and President, ActivX Biosciences, Inc., Robert Thomas, former CEO of FoxHollow Technologies, Daniel G. Welch, CEO and President of InterMune, Peter D. Staple, CEO and President of Corium and Gary W. Cleary, co-founder of Corium. The Company is currently developing and manufacturing a pipeline of advanced transdermal products employing its proprietary MicroCor® microneedle technology and Corplex™ polymer adhesive technology. Essex Woodlands Health Ventures has been the lead investor in Corium since 2007.

Corium is headquartered in Menlo Park, CA, with manufacturing facilities in Grand Rapids, MI.

About Corium International, Inc.

Corium International, Inc. develops and manufactures products based on its advanced transdermal drug delivery technologies. The company has developed and clinically validated two highly differentiated state of the art transdermal technologies: MicroCor® is designed for needle-free delivery of large molecules such as proteins and peptides, and Corplex™ enables the "steady-state" delivery of small molecules. Corium develops and manufactures both self-funded proprietary products and products for its partners, which include specialty pharma, biotech and large, established pharmaceutical companies. Please visit www.coriumgroup.com.