FBIO - Journey Medical Corporation Appoints Michael C. Pearce to Board of Directors | Benzinga
SCOTTSDALE, Ariz., July 11, 2024 (GLOBE NEWSWIRE) -- Journey Medical Corporation (NASDAQ:DERM) ("Journey Medical"), a commercial-stage pharmaceutical company that primarily focuses on selling and marketing U.S. Food and Drug Administration ("FDA")-approved prescription pharmaceutical products for the treatment of dermatological conditions, today announced that on July 9, 2024, it appointed Michael C. Pearce to its Board of Directors.
Mr. Pearce is a principal investor with an emphasis on healthcare. Since 2015, he has served as an advisor to EP Group and board member of its predecessor parent company, Evening Post Industries ("EPI"). At EPI, he served on the audit, compensation, and investment committees. EPI was founded in 1896 and, along with EP Group, has operated substantial holdings across diverse industries including home healthcare, network-affiliate television, real estate, pharmaceuticals, benefit solutions, logistics, and Pulitzer Prize-winning print media.
"We are very pleased to welcome Mike to our Board of Directors," said Claude Maraoui, Co-Founder, President and Chief Executive Officer of Journey Medical. "He is a highly accomplished executive, with substantial strategic, business and financial experience across many industries, pharmaceuticals in particular. Mike's expertise will be extremely valuable as we approach the potential approval of DFD-29 in November 2024, which could be best-in-class and the only oral medication to address both inflammatory lesions and erythema (redness) from rosacea."
In addition to his work with the EP family of companies, Mr. Pearce is the Chairman of Range Therapeutics, a healthcare advisory firm. He was previously at Pernix Therapeutics, Inc., a specialty pharmaceutical company initially focused on the pediatric marketplace, where he was Chairman when it began to trade on the NYSE Amex, and where he ultimately also contributed as interim CEO. Mr. Pearce has served on the board of directors of numerous private and publicly-traded entities, including former biopharmaceutical companies Myrexis, Inc. and Affymax, Inc.
Mr. Pearce commented, "I have long admired the Journey organization. The team has a well-earned reputation as skillful and efficient, a paragon of integrity. Their opportunity set is highly attractive, as highlighted by the DFD-29 candidate. I look forward to joining Journey Medical's Board of Directors and working with ...