Friday, January 16, 2009

NUCRYST Pharmaceuticals appoints a new director

Thomas E. Gardner, Chairman, announced today that G. A. (Drew) Fitch has been appointed to the NUCRYST Pharmaceuticals' Board of Directors.

Mr. Fitch is the President and Chief Executive Officer of The Westaim Corporation ("Westaim"), NUCRYST's controlling shareholder, holding approximately 75% of NUCRYST's outstanding common shares. Prior to his appointment as President and Chief Executive Officer of Westaim in 2007, Mr. Fitch had been Senior Vice President and Chief Financial Officer of Westaim since 1997. Before joining Westaim, Mr. Fitch was Senior Vice President and Chief Financial Officer of Western Star Trucks Holdings Ltd., a manufacturer of city transit buses and highway trucks, and Senior Vice President, Finance & CFO of Canadian Airlines Corporation, an international airline company.

"The addition of Drew Fitch to the NUCRYST Board of Directors adds a seasoned director and will help us to coordinate our priorities with Westaim," said Tom Gardner. "On behalf of the Board, we extend to Drew a warm welcome", added Gardner.

About NUCRYST Pharmaceuticals

NUCRYST Pharmaceuticals develops, manufactures and commercializes medical products that fight infection and inflammation using SILCRYST(TM), its patented atomically disordered nanocrystalline silver technology. NUCRYST licensed world-wide rights for SILCRYST(TM) wound care coating products to Smith & Nephew plc, which markets these products in over 30 countries under their Acticoat(TM) trademark. NUCRYST is also developing pharmaceutical products to address medical conditions that are characterized by pain, infection and inflammation. The Company has developed its proprietary nanocrystalline silver in a powder form, referred to as NPI 32101 for use in medical devices and as an active pharmaceutical ingredient.

via yahoo

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