Tengion Inc. (NSDQ:TNGN) chief scientific officer Timothy Bertram will handle CEO duties while the company searches for a new top executive following the June 30 resignation of Dr. Steven Nichtberger.
No reason was given for the resignation. The East Norriton, Pa.-based regenerative medicine company said Nichtberger’s departure "is not the result of a disagreement with the company" in securities filings. A search for a replacement is under way, chairman David Scheer said in prepared remarks.
Bertram, also Tengion’s executive vice president of science & technology and leader of its research & development operation, is a veteran of Pfizer Inc. (NYSE:PFE) and SmithKline Beecham, according to a filing with the federal Securities & Exchange Commission.
In a separate release, Tengion said it named Dr. Diane Jorkasky, a senior vice president at Endo Pharmaceuticals (NSDQ:ENDP), to its board of directors. Brenda Gavin, a managing partner at Quaker BioVentures, is stepping down from the board after five years, according to the release.
In April, Medtronic Inc. (NYSE:MDT) revealed a 17 percent stake and a right of first refusal to purchase other Tengion technology.
Sonosite taps Asia-Pacific, Middle East VP
SonoSite Inc. (NSDQ:SONO) named Mehran Mehrtash vice president and GM of Asia Pacific and the Middle East. Mehrtash is a 10-year veteran of wound therapy maker ConvaTec Inc., according to SonoSite.
Welch Allyn names new India manager
Welch Allyn named Anil Dass country manager for its business in India, reporting to regional sales director Francis Sim. Dass was the national sales manager for a Chinese manufacturer of patient monitors, ventilators and operating tables and lights, following a stint as a northern region sales manager for an Indian medical distribution company.
Unilife adds three to management team
Unilife Corp. (NSDQ:UNIS) named three executives to its management team: Dr. Jack Kelley III as vice president of strategic marketing, Michael Ratigan as vice president of commercial development and Ian Hanson as director of advanced drug delivery systems. The company also announced the finalization of a $10 million equipment financing deal with Varilease Finance Inc.
TearScience appoints Diethart Reichardt European SVP
TearScience Inc. appointed Diethart Reichardt as senior vice president of the European region, including Europe, Middle East and Africa. Reichardt will be responsible for sales, marketing, operations and customer service teams and a distributor network in the EMEA region, as well as a distributor network in Africa and the Middle East.
InspireMD elects two to board
InspireMD Inc. (OTC:NSPR) elected a pair of new board members: Osiris Partners managing member Paul Stuka and Eyal Weinstein, a certified public accountant and former executive of several Israeli firms sold to larger companies.
Material from MedCity News was used in this report.