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: September 17, 2013
(Date of earliest event reported)
SciClone Pharmaceuticals, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 0-19825 | 94-3116852 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) | ||
950 Tower Lane, Suite 900, Foster City, CA |
94404 | |||
(Address of principal executive offices) | (Zip Code) |
(650) 358-3456
(Registrants telephone number, including area code)
Not Applicable
(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 |
(d) On September 17, 2013, the Board of Directors (the Board) of SciClone Pharmaceuticals, Inc. (the Company), appointed Dr. Nancy T. Chang, Ph.D. to serve as a member of the Board, effective immediately. Dr. Changs term will expire at the 2014 annual meeting of stockholders, and she will be subject to the election of the Companys stockholders at that meeting. Dr. Chang has also been appointed to serve on the Nominating and Governance Committee of the Company and the Business Development Committee of the Company, each effective as of her first day of service on the Board.
A copy of the Companys press release announcing Dr. Changs appointment is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 9.01 | Financial Statements and Exhibits. |
(d) | The following exhibits are filed herewith: |
Exhibit 99.1 | Press release dated September 23, 2013. |
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.
Dated: September 23, 2013 | SCICLONE PHARMACEUTICALS, INC. | |||
By: | /s/ Wilson W. Cheung | |||
Wilson W. Cheung | ||||
Chief Financial Officer and Senior Vice President, Finance |
Exhibit Index
Exhibit No. |
Description | |
99.1 | Press release dated September 23, 2013. |
Exhibit 99.1
Corporate Contacts | ||
Wilson W. Cheung | Jane Green | |
Chief Financial Officer | Investors/Media | |
650.358.3434 | 650.358.1447 | |
wcheung@sciclone.com | jgreen@sciclone.com |
SCICLONE APPOINTS NANCY T. CHANG, PH.D.,
TO ITS BOARD OF DIRECTORS
Foster City, Calif. September 23, 2013 SciClone Pharmaceuticals, Inc. (NASDAQ: SCLN) today announced that Nancy T. Chang, Ph.D., has been appointed a member of the Companys board of directors. Dr. Chang has more than 30 years of experience in the pharmaceutical and biotechnology industry, and has successfully developed and commercialized multiple therapeutic and diagnostic products. She is highly respected as an innovative and successful executive and director, entrepreneur, strategic advisor, investor and philanthropist. Dr. Chang received widespread acclaim for the founding and subsequent sale of Tanox to Genentech in 2007, and for changing the treatment paradigm for allergy-related asthma through the successful development and commercialization of Xolair®.
Friedhelm Blobel, Ph.D., Chief Executive Officer, joined Jon S. Saxe, Chairman, in welcoming Dr. Chang to SciClones board of directors.
Nancy brings an extraordinary range of complementary business experience to SciClones board, including a deep understanding of the global pharmaceutical marketplace, including the China market, and extensive company management, board participation, healthcare strategy and policy expertise, said Dr. Blobel. As SciClone continues to work to solidify its reputation as one of the top echelon specialty pharmaceutical companies in the China market, and implements commercial and partnering programs designed to grow revenue and profitability, Nancys strategic advisory will be especially valuable.
I believe that SciClone is well-positioned to take advantage of the growth opportunities in the expanding China pharmaceuticals market, and to continue to build its reputation and success as company committed to commercializing high quality, differentiated therapeutics, said Dr. Chang. I look forward to working with the dedicated management team and board of directors to help the Company reach its next level of achievement.
For more than 20 years, Dr. Chang served as the Co-founder, President, CEO and Chairman of Tanox, which was sold to Genentech in 2007. Today, Dr. Chang serves as the President of Apex Enterprises, Inc., an investment management company with a major focus on healthcare investments. Previously, she was the Chairperson and Senior Managing Director of Caduceus Asia Partners at OrbiMed Advisors L.L.C. Prior to founding Tanox, Dr. Chang held several leadership positions at Centocor, now a division of Johnson and Johnson. She was also an Associate Professor at Baylor College of Medicine, and before that, she worked at the Roche Institute of Molecular Biology. She has served on the boards of a number of companies, including Charles River Laboratories International, Inc., Applied Optoelectronics
Inc. and others. More recently, she joined the board of directors of Ansun, a San Diego-based biotech company. In addition, Dr. Chang was a member of the board of directors at the Biotechnology Industry Organization (BIO) and BioHouston. Dr. Chang also was a Director at the Federal Reserve Bank in the Dallas Houston Branch, and was a Director for Project Hope. Dr. Chang was inducted into the Texas Science Hall of Fame in 2001 for exemplary achievement in science and is the recipient of many awards, such as the Associate of Women in Computing: Top 20 Houston Women in Technology, Whos Who National Registry, and Houston Entrepreneur of the Year (sponsored by Ernst & Young, Inc. Magazine and Merrill Lynch). She has published more than 35 papers on topics ranging from monoclonal antibodies to HIV and holds seven patents. Dr. Chang received her Doctorate in Biological Chemistry from Harvard University.
About SciClone
SciClone Pharmaceuticals is a revenue-generating, specialty pharmaceutical company with a substantial commercial business in China and a product portfolio of therapies for oncology, infectious diseases and cardiovascular, urological, respiratory, and central nervous system disorders. SciClones proprietary lead product, ZADAXIN® (thymalfasin), is approved in over 30 countries and may be used for the treatment of hepatitis B (HBV), hepatitis C (HCV), and certain cancers, and as a vaccine adjuvant, according to the local regulatory approvals. Through its promotion business with pharmaceutical partners, SciClone markets multiple branded products in China which are therapeutically differentiated. The Company has successfully in-licensed products with the potential to become future market leaders and to drive the Companys long-term growth. SciClone is a publicly-held corporation based in Foster City, California, and trades on the NASDAQ Global Select Market under the symbol SCLN. For additional information, please visit www.sciclone.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding expected financial results and expectations. Readers are urged to consider statements that include the words may, will, would, could, should, might, believes, estimates, projects, potential, expects, plans, anticipates, intends, continues, forecast, designed, goal, unaudited, approximately or the negative of those words or other comparable words to be uncertain and forward-looking. These statements are subject to risks and uncertainties that are difficult to predict and actual outcomes may differ materially. Please also refer to other risks and uncertainties described in SciClones filings with the SEC. All forward-looking statements are based on information currently available to SciClone and SciClone assumes no obligation to update any such forward-looking statements.
SciClone, SciClone Pharmaceuticals, the SciClone Pharmaceuticals design, the SciClone logo and ZADAXIN are registered trademarks of SciClone Pharmaceuticals, Inc. in the United States and numerous other countries.
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