POZEN Inc.

Description

Statements included in this press release that are not historical in nature are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

Dr. Palestrant’s first experiences with Healthcare Informatics came when he conceived, designed, proposed and managed deployment of CIBUR (CIGNA Internet Based Universal Resource), one of the first commercial web-based healthcare resources for physicians and allied health professionals. Prior to launching Par8o, Dr. Palestrant was no stranger to the entrepreneurial side of medicine. He founded his first company Azygos, Inc. and after selling Azygos, he joined BioNetrix (now BNX Systems) as Director of Health Care. Prior to Par8o, Daniel’s most recent start-up was Sermo. Founded in 2005, Dr.

POZEN Inc., headquartered in Chapel Hill, NC, is a progressive pharmaceutical company committed to transforming medicine that transforms lives. POZEN’s unique in-source business model has been proven through our success in gaining U.S. FDA approval of two self-invented products in two years – something almost no other small pharmaceutical company has achieved. Moving forward, POZEN continues to be dedicated to addressing unmet needs and developing affordable medicines for patients and physicians.

Currently, POZEN has several sources of revenue including milestone payments and royalties. When we have engaged a partner to take our new product candidate to market in the past, we received an upfront payment. Under our existing agreements, we receive additional payments when we meet certain milestones during the development of the product. The amount and timing of these payments depends on when in the development cycle we engage the partner.

With our focus on the in-source business model, POZEN encourages and emphasizes productive, creative, collaborative, and efficient work. POZEN's efficiency is directly related to the high-level expertise of our employees. We are a company of talented, professional individuals with many years of experience in drug development and commercialization. Many of them have been involved in, and responsible for the development and marketing of some of the top selling prescription drugs in the world.

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