As part of its ongoing relocation of all corporate functions, Zogenix (NASDAQ: ZGNX) reports that Michael P. Smith will succeed the departing CFO, EVP and treasurer and secretary, Ann D. Rhoads. Rhoads will continue in her roles with Zogenix until January 16, 2017, at which point she will provide consulting services to help the company complete its 2016 year-end audit and related filings for the calendar year ended December 31, 2016. Smith brings to the table 18+ years of experience in senior executive roles at public and private biotechnology companies. He has also managed and led over $3 billion of transactions, including public company equity and debt financings, product and company acquisitions and strategic licenses and partnerships. “I am pleased to be joining Zogenix at such an exciting time in the Company’s development. With a number of potentially value enhancing milestones upcoming, including the availability of Phase 3 top-line data for ZX008 in Dravet syndrome, 2017 will be a pivotal year for Zogenix. I look forward to leveraging my experience and track record of leading key business functions, building high performance organizations and managing transformative strategic transactions to deliver the next phase of growth for Zogenix and its stakeholders,” Smith stated in the news release.
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Zogenix, Inc. (Nasdaq:ZGNX) is a pharmaceutical company committed to developing and commercializing CNS therapies that address specific clinical needs for people living with orphan and other CNS disorders who need innovative treatment alternatives to improve their daily functioning. For more information, visit www.zogenix.com
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