Progenics Pharmaceuticals names new president

Thu. September 17, 2009; Posted: 11:39 AM

Sep 17, 2009 (Datamonitor via COMTEX) -- PGNX | Quote | Chart | News | PowerRating -- Progenics Pharmaceuticals, a biopharmaceutical company, has promoted Mark Baker to the newly created position of president. Mr Baker was also appointed to the board of directors. He will continue to report to Paul Maddon, the company's founder, CEO and chief science officer.

In this new role, Mr Baker will be responsible for overseeing the company's commercial development, strategic planning, business development, investor relations, corporate communications, finance and accounting, operations and legal affairs.

With Mr Baker's appointment, Progenics's newly expanded board now has nine members. Prior to his promotion, Mr Baker was executive vice president of corporate. Mr Baker joined the company in 2005 as senior vice president and general counsel.

Dr Maddon said: "Over the last four years, Mark has been the architect of our business development efforts, having negotiated our agreements with Wyeth and Ono Pharmaceuticals. His appointment as president and director not only recognizes the significant contributions he has made to Progenics, but calls upon him to provide direction and leadership in developing the company's business and commercial capabilities."

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