Ore Pharmaceuticals names new board member

Thu. August 06, 2009; Posted: 09:17 AM

Aug 06, 2009 (Datamonitor via COMTEX) -- ORXE | Quote | Chart | News | PowerRating -- US-based drug development company Ore Pharmaceuticals has appointed James Fordyce to its board of directors.

Mr Fordyce is currently managing partner of Medna Partners, an advisory firm. From 1981 to 2004, Mr Fordyce was a general partner of Prince Ventures LP, a venture capital management firm.

Mr Fordyce is currently a member of the board of directors of Dyax and several privately held companies. Mr Fordyce is a graduate of the University of Pennsylvania, Magdalen College, Oxford University and holds an MBA from Harvard Business School.

Mark Gabrielson, president and CEO of Ore, said: "Jim Fordyce is a wonderful addition to our board. He has expertise in corporate development, public finance, health sciences venture capital and acquisitions. His investment and management track records have been highly successful over a long period of time.

"On top of all that, Jim's dedication to the support and development of medical research through his life-long commitment to the Albert and Mary Lasker Foundation shows that he holds progress in human health as a personal priority. We at Ore are delighted that he's joining us."

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