SAN DIEGO--(BUSINESS WIRE)--May 12, 2008--Artes
Medical, Inc. (Nasdaq:ARTE), a medical technology
company whose product ArteFill(R) is the first and
only FDA-approved non-resorbable injectable dermal
filler for the correction of nasolabial fold or
"smile line" wrinkles, announced that Diane S.
Goostree resigned today as the Company's President
and Chief Executive Officer. The Company has
initiated an executive search for this position and,
on interim basis, Christopher J. Reinhard, the
Company's Executive Chairman will assume executive
responsibilities for the operations of the Company.
Ms. Goostree also resigned from her position as a
director on the Company's Board of Directors.In
connection with this announcement, during this
transition period, John F. Kay, Ph.D., the Company's
Vice President of Engineering and Development
Research will assume responsibilities for the
coordination of product development and
manufacturing activities, working with Larry J.
Braga, Vice President of Manufacturing. In addition,
Karon J. Morell, Vice President of Regulatory and
Quality Affairs, will now also be responsible for
the management and coordination of the Company's
ongoing clinical studies working with Greg J.
Kricorian, M.D., Chief Medical Officer. Michael K.
Green, Chief Financial Officer will assume
responsibility for the Company's overall day-to-day
administrative activities.
Mr. Reinhard, stated that, "during her tenure,
Diane played an important role in leading Artes
Medical through the navigation of some important
challenges, including the complex regulatory process
and FDA approval of ArteFill, the first and only
non-resorbable injectable wrinkle filler, as well as
transitioning the Company through the going-public
process. We appreciate her service during these
important stages of the Company's growth and
development and certainly wish her well as she
advances in her career."
About Artes Medical, Inc.
Artes Medical is a medical technology company
focused on developing, manufacturing and
commercializing a new category of aesthetic
injectable products for the dermatology and plastic
surgery markets. The Company's initial product,
ArteFill, is being marketed to men and women as a
treatment option for the correction of nasolabial
folds. Additional information about Artes Medical
and ArteFill is available at www.artesmedical.com
and www.artefill.com.
Forward-Looking Statements
This news release contains forward-looking
statements that are based on the Company's current
beliefs and assumptions and on information currently
available to its management. Forward-looking
statements involve known and unknown risks,
uncertainties and other factors that may cause the
Company's actual results, performance or
achievements to be materially different from any
future results, performance or achievements
expressed or implied by the forward-looking
statements. As a result of these risks,
uncertainties and other factors, which include the
Company's history of net losses and its need to
raise additional funds to support its operations,
its reliance on its sole FDA-approved product,
ArteFill, its limited experience in commercializing
ArteFill, its future receipt of FDA approval to
extend the efficacy period of ArteFill beyond six
months and eliminate the skin test requirement, and
the risk that the Company's revenue projections may
prove incorrect because of unexpected difficulty in
generating sales and market acceptance of ArteFill,
readers are cautioned not to place undue reliance on
any forward-looking statements included in this
press release. A more extensive set of risks and
uncertainties is set forth in the Company's SEC
filings available at www.sec.gov. These
forward-looking statements represent beliefs and
assumptions only as of the date of this news
release, and the Company assumes no obligation to
update these forward-looking statements publicly,
even if new information becomes available in the
future.
Artes Medical(R) and ArteFill(R) are registered
trademarks of Artes Medical, Inc. All other
trademarks, trade names and brand names referred to
in this press release are the property of their
respective owners.
CONTACT: Artes Medical (Investor Relations)
Cheryl Monblatt Allen, 858-550-9999
callen@artesmedical.com or
Manning Selvage & Lee (Corporate Media)
Kelley Childrey, 323-866-6003
kelley.childrey@mslpr.com
SOURCE: Artes Medical, Inc.