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Oct 4 2007, 4:00 AM EST

Hyperion Therapeutics, Inc. Announces Senior Management Team and $15M Financing Event

PRNEWSWIRE

SOUTH SAN FRANCISCO, Calif., Oct. 4 /PRNewswire/ -- Hyperion Therapeutics, Inc., a privately-held biopharmaceutical company focused on the development and commercialization of gastrointestinal and hepatology therapies that address underserved patient populations or unmet medical needs today announced key senior management appointments and closing of up to $15 million in debt financing from Comerica Bank and Life Sciences Capital. Joining Co-Founder Chris Rivera (President and CEO) are Marvin Garovoy, M.D. (Senior Vice President (SVP), Clinical Development), Sharron Gargosky, PhD (Chief Scientific Officer and SVP of Corporate Development), Klara Dickinson (SVP, Regulatory Affairs and Compliance), Kevin Weber (SVP, Global Strategy and Operations), Wayne Davis, PhD (Vice President, Clinical Operations), Hoi Leung, PhD (Vice President, Biostatistics), George Jue (Vice President, Finance and Controller), and James Kaser (Vice President, Global Sales).

(Logo: http://www.newscom.com/cgi-bin/prnh/20070905/AQW076LOGO)

"The build out of our senior management team and infusion of additional financial capital provides a solid foundation for Hyperion to fulfill its commitments and capitalize on the opportunity presented by our recently announced strategic collaboration with Ucyclyd Pharma, Inc., a subsidiary of Medicis Pharmaceutical Corporation," said Chris Rivera, President and CEO. "This team brings a unique and proven track record of developing, gaining regulatory approval and building orphan and specialty markets. I look forward to working with them to build a leading biopharmaceutical company and to make a difference in patients' lives."

About the Management Team

Chris E. Rivera, President and CEO, co-founded Hyperion Therapeutics in 2006, and led the execution of the Ucyclyd Pharma collaboration agreement. Prior to joining Hyperion, Mr. Rivera was Senior Vice President of Commercial Operations at Tercica where he was responsible for developing and overseeing Tercica's global commercialization strategies and was intimately involved in the development and consummation of the Ipsen cross-licensing collaboration. As Senior Vice President, Genzyme Therapeutics, Mr. Rivera was largely responsible for building the company's U.S. renal business and assisted in the launch of Renagel(R) (sevelamer hydrochloride) globally. Earlier in his career, Mr. Rivera also helped build the initial commercial organizations at Centocor and Cephalon.

Marvin R. Garovoy, MD, Senior Vice President, Clinical Development, has held numerous industry positions over the past several years, including Vice President of Clinical Science at Xoma (US) LLC where he was the clinical lead working in collaboration with Genentech on the development of Raptiva(R) (efalizumab) from Phase I through FDA approval. Dr. Garovoy was most recently at Arriva Pharmaceuticals, where he held the position of Chief Medical Officer. Dr. Garovoy is a transplant physician by training, and has held multiple teaching positions at Harvard Medical School and at UCSF where he was Professor of Surgery, Medicine and Laboratory Medicine.

Sharron E. Gargosky, PhD, Chief Scientific Officer and Senior Vice President of Corporate Development, was most recently Executive Director of Ucyclyd, Research and Development at Ucyclyd Pharma Inc., a subsidiary of Medicis Pharmaceutical Corporation. In this role, she was responsible for the NDA approval of AMMONUL(R) (sodium phenylacetate and sodium benzoate) Injection 10%/10%. Dr. Gargosky was previously Vice President of Business Development

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