PresseKat - DGAP-News: Apricus Biosciences Announces Appointment of Paul V. Maier to Its Board of Directors

(firmenpresse) - Apricus Biosciences, Inc.

04.06.2012 15:39
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SAN DIEGO, 2012-06-04 15:39 CEST (GLOBE NEWSWIRE) --
Apricus Biosciences, Inc. ('Apricus Bio') (Nasdaq:APRI) (www.apricusbio.com)
today announced that Paul V. Maier, Chief Financial Officer of Sequenom, Inc.,
has been appointed to the Company's Board of Directors, effective June 1, 2012.

Prior to joining Sequenom, Mr. Maier served as Senior Vice President and Chief
Financial Officer of Ligand Pharmaceuticals, Inc. from 1992 until 2007, where
he helped build Ligand from a venture stage company to a commercial, integrated
biopharmaceutical organization. Prior to joining Ligand, he spent six years in
various management and finance positions at ICN Pharmaceuticals. Mr. Maier
received his M.B.A. from Harvard Business School and a B.S. from Pennsylvania
State University.

'We are pleased to have attracted Paul to our Board of Directors. He brings a
wealth of experience for our growth strategy, and he will be a tremendous asset
to the Company,' said Bassam Damaj, Ph.D., President and Chief Executive
Officer of Apricus Bio.

Mr. Maier added, 'I am excited to join the board and I look forward to working
with the management to grow the Company and increase its shareholder value.'

About Apricus Biosciences, Inc.

Apricus Bio is a San Diego-based revenue-generating pharmaceutical company,
with commercial products and a broad pipeline across numerous therapeutic
classes.

Revenues and growth are driven from the sales of the Company's commercial
products through its Apricus Pharmaceuticals USA, Inc. and NexMed (USA), Inc.
subsidiaries and through out-licensing in certain territories of its product
pipeline and NexACT(r) technology.

Apricus Bio's current NexACT(r) pipeline includes Vitaros(r), approved in Canada

for the treatment of erectile dysfunction, as well as compounds in development
from pre-clinical through pre-registration currently focused on Sexual
Dysfunction, Oncology, Dermatology, Autoimmune, Pain, Anti-Infectives, Diabetes
and Consumer Healthcare.

Apricus Bio currently markets Totect(r) (dexrazoxane HCl), the only drug approved
in the US for the treatment of anthracycline extravasation. The Company also
plans to market in the U.S. or certain other countries the following products:
(a) Granisol(r) (granisetron HCI) oral solution, the only FDA-approved, oral,
ready-to-use liquid solution of granisetron, (b) Aquoral(tm), an FDA-cleared,
prescription-only spray for the treatment of Xerostomia (the medical term for
dry mouth due to a lack of saliva) and (c) NitroMist(tm) (nitroglycerin sublingual
spray), an FDA-approved nitrate vasodilator indicated for acute relief of an
attack or acute prophylaxis of angina pectoris (chest pain) due to coronary
artery disease (narrowing of the blood vessels that supply blood to the heart).

The Company also expects to develop and/or acquire and then bring to market
additional pharmaceutical products in areas of care that will benefit patient
needs worldwide.

For further information on Apricus Bio, visit http://www.apricusbio.com, and
for information on its subsidiary, please visit http://www.nexmedusa.com. You
can also receive information at http://twitter.com/apricusbio.

Apricus Bio's Forward-Looking Statement Safe Harbor

Statements under the Private Securities LitigationReform Act, as amended: with
the exception of the historical information contained in this release, the
matters described herein contain forward-looking statements that involve risks
and uncertainties that may individually or mutually impact the matters herein
described for a variety of reasons that are outside the control of the Company,
including, but not limited to, its ability to further develop its products and
product candidates, to have its products and product candidates such as
Vitaros(r), Femprox(r) and MycoVa(tm) receive patent protection and be approved by
relevant regulatory authorities, to successfully commercialize such products as
Totect(r), Granisol(r) , Aquoral(tm) and NitroMist(tm) and NexACT(r) product candidates and
drug delivery technology and to achieve its development, commercialization and
financial goals. Readers are cautioned not to place undue reliance on these
forward-looking statements as actual results could differ materially from the
forward-looking statements contained herein. Readers are urged to read the risk
factors set forth in the Company's most recent annual report on Form 10-K,
subsequent quarterly reports filed on Form 10-Q and other filings made with the
SEC. Copies of these reports are available from the SEC's website or without
charge from the Company.

CONTACT: Apricus Bio Investor Relations:
David Pitts
Argot Partners
212-600-1902
david(at)argotpartners.com
News Source: NASDAQ OMX

04.06.2012 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: Apricus Biosciences, Inc.

United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901429525
WKN:

End of Announcement DGAP News-Service

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Wirtschaft (allg.)

DGAP-News: Apricus Biosciences Announces Appointment of Paul V. Maier to Its Board of Directors

apricus-biosciences-announces-appointment-of-paul-v-maier-to-its-board-of-directors

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