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Integrated Pharmaceuticals Appoints Richard Schoenfeld Vice President, Marketing and Business Development

WEDNESDAY, SEPTEMBER 10, 2003 12:08 PM
- PR Newswire

BOSTON, Sep 10, 2003 /PRNewswire-FirstCall via COMTEX/ -- Integrated Pharmaceuticals, Inc. (INTP.PK) today announced the appointment of Richard Schoenfeld to the position of Vice President, Marketing and Business Development. Schoenfeld will report to Dr. Chinmay Chatterjee, President and Chief Executive Officer and will be responsible for all commercial activities, including sales and marketing of the company's pharmaceutical products, specialty fine chemicals and ingredients.

Schoenfeld's extensive business development experience will be an asset to IntePharm's commercial organization," said Dr. Chatterjee. "I'm confident that he will help IntePharm continue to build its specialty pharmaceuticals, proven therapeutics and fine chemical markets, an important and promising area of our business."

Schoenfeld's career, prior to joining IntePharm includes, Director of Marketing at Minnesota Corn Processors (MCP), managing two existing businesses and two startup businesses totaling approximately $65 million annual sales. Before MCP he was Vice President of a specialty ingredient business at Omega Protein to introduce a new FDA approved nutritional product, and managed industrial sales.

As President of SVO Specialty Products, he led the sales growth of this specialty ingredient manufacturer from startup to over $50 million in revenue. In addition, Schoenfeld has expertise for expansion of business relationships with European companies. Prior to SVO Specialty Products, he led a Danish food ingredient company to over $22 million sales as they entered the US market.

"I am excited to join IntePharm, given IntePharm's strong commitment to creative and innovative research for therapeutic product development and commercial programs, and I look forward to applying my experience to expand its customer base," said Schoenfeld.

Schoenfeld obtained a bachelor's degree in Chemistry from the University of Wisconsin-La Crosse, prior to starting his career as an analytical chemist at Dow Chemicals.

About the company

Integrated Pharmaceuticals, Inc., is an emerging pharmaceuticals and biotechnology company that discovers, develops, manufactures and markets pharmaceuticals, specialty chemicals and ingredients for significant unmet medical and commercial needs. Integrated Pharmaceuticals, Inc. is involved in the application of combined approach of emerging fields of research in advanced bioprocess engineering, computer simulation science and metabolic engineering. The Company utilizes these fields of research for the production of recombinant DNA derived products for therapeutic uses. IntePharm's clinically active compounds have applications for the treatment of chronic diseases. The company has several market ready products in the pipeline for commercialization in the immediate future.

For further information please contact Dr. Chinmay Chatterjee, Integrated Pharmaceuticals, Inc. at (978) 696-0020.

SOURCE Integrated Pharmaceuticals, Inc.

Dr. Chinmay Chatterjee of Integrated Pharmaceuticals, Inc., +1-
978-696-0020


http://www.intepharm.com

 

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