UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
July 23, 2013
CELATOR PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 000-54852 | 20-2680869 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
200 PrincetonSouth Corporate Center Suite 180 Ewing, New Jersey |
08628 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (609) 243-0123
303B College Road East, Princeton, New Jersey 08540
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 23, 2013, the Companys board of directors appointed Michael R. Dougherty as a director of the Company. Mr. Dougherty has 30 years experience in the biopharmaceuticals industry. From May 2012 to October 2012, Mr. Dougherty served as chief executive officer of Kalidex Pharmaceuticals, Inc., a privately held development-stage biopharmaceutical company seeking to develop antibiotics. Mr. Dougherty served as senior vice president from 2002 to 2006 and as president and chief executive officer from 2006 to 2011 of Adolor Corporation, a biopharmaceutical company specializing in the discovery, development and commercialization of prescription pain and pain management products. From 2000 to 2002, Mr. Dougherty served as president and chief operating officer of Genomics Collaborative, Inc., a privately held functional genomics company. From 1993 to 2000, he held executive positions, including as president and chief executive officer, with Genaera Corporation, formerly Magainin Pharmaceuticals, Inc., a biopharmaceutical company focused on infectious disease, cancer and respiratory disease. He served in various financial positions, including as senior vice president and chief financial officer of Centocor, Inc., a multi-national biopharmaceutical company, from 1983 to 1993.
Mr. Dougherty currently serves on the boards of directors of the following public companies: ViroPharma Incorporated (Nasdaq:VPHM); Biota Pharmaceuticals, Inc. (Nasdaq:BOTA); and Cempra, Inc. (Nasdaq:CEMP). He also serves on the board of AltheRx Pharmaceuticals, a privately held company. Mr. Dougherty graduated with a B.S. from the College of Commerce and Finance, Villanova University in 1980.
On July 23, 2013, Mr. Dougherty was granted an option to purchase 28,000 shares of the Companys common stock at an exercise price of $3.116 per share.
Item 9.01. | Financial Statements and Exhibits. |
Exhibit |
Exhibit Description | |
99.1 | Press Release Dated July 24, 2013. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CELATOR PHARMACEUTICALS, INC. | ||
By: | /s/ Fred M. Powell | |
Fred M. Powell, | ||
Vice President and Chief Financial Officer |
Date: July 24, 2013
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Exhibit 99.1
CELATOR® PHARMACEUTICALS APPOINTS MICHAEL R. DOUGHERTY TO BOARD OF DIRECTORS
Ewing, N.J. (July 24, 2013) Celator Pharmaceuticals, Inc., a pharmaceutical company developing new and more effective therapies to treat cancer, today announced the appointment of Michael R. Dougherty to its Board of Directors, effective immediately.
Mike is a highly skilled life sciences veteran with insight and expertise in strategy, finance and operations, said Scott Jackson, chief executive officer of Celator. These skills will prove extremely valuable as we continue to build the company.
Mr. Dougherty was previously President and Chief Executive Officer of Adolor Corporation, and has held senior leadership positions at several life science companies, including Kalidex Pharmaceuticals, Inc., Genomics Collaborative, Inc., Genaera Corporation, formerly Magainin Pharmaceuticals, Inc., and Centocor, Inc. He is currently a member of the Board of Directors at ViroPharma Incorporated, Biota Pharmaceuticals, Inc., Cempra, Inc., and AltheRx Pharmaceuticals.
I am excited to join the Celator Board of Directors and look forward to supporting the advancement of the company as it develops CPX-351 and other future product candidates based on the companys proprietary technologies, said Mr. Dougherty.
About Celator Pharmaceuticals, Inc.
Celator Pharmaceuticals, Inc., with locations in Ewing, N.J., and Vancouver, B.C., is a pharmaceutical company developing new and more effective therapies to treat cancer. CombiPlex®, the companys proprietary drug ratio technology platform, represents a novel approach that identifies molar ratios of drugs that will deliver a synergistic benefit, and locks the desired ratio in a nano-scale drug delivery vehicle that maintains the ratio in patients with the goal of improving clinical outcomes. The company pipeline includes two clinical stage products, CPX-351 (a liposomal formulation of cytarabine:daunorubicin) for the treatment of acute myeloid leukemia and CPX-1 (a liposomal formulation of irinotecan:floxuridine) for the treatment of colorectal cancer; and preclinical stage product candidates, including CPX-571 (a liposomal formulation of irinotecan:cisplatin), and the hydrophobic docetaxel prodrug nanoparticle (HDPN) formulation being studied by the National Cancer Institutes Nanotechnology Characterization Laboratory. For more information, please visit the companys website at www.celatorpharma.com. Information on ongoing trials is available at www.clinicaltrials.gov.
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Forward-Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Celator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as may, will expect, anticipate, estimate, intend, and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this release involve substantial risks and uncertainties that could cause our clinical development programs, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the conduct of future clinical studies, enrollment in clinical studies, availability of data from ongoing clinical studies, expectations for regulatory approvals, and other matters that could affect the availability or commercial potential of our drug candidates. Celator undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the company in general, see Celators Form 10-K for the year ended December 31, 2012 and other filings by the company with the U.S. Securities and Exchange Commission.
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Media Contact:
Mike Beyer
Sam Brown Inc.
(773) 463-4211
beyer@sambrown.com
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