Full Press Release Details
Therapeutics Appoints Charles J. Casamento to Its Board of Directors
Seasoned executive has more than four
decades of industry experience
NEW YORK, July 16, 2015 - Relmada
Therapeutics, Inc. (OTCQB: RLMD), a clinical-stage company developing novel therapies for the treatment of chronic pain, announced
today Charles J. Casamento has joined the company's board of directors, completing the slate of three independent directors.
Mr. Casamento will also serve as chairman of the audit committee for Relmada Therapeutics.
Since 2007 Mr. Casamento has been
executive director and principal of The Sage Group, a health care advisory group. He was president and CEO of Osteologix from
October 2004 until April 2007. Mr. Casamento was the founder of Questcor Pharmaceuticals where he was president, CEO and
chairman. At RiboGene Inc. he was president, CEO and chairman and he was also co-founder, president and CEO of Indevus
(formerly Interneuron Pharmaceuticals). He has held senior management positions at Genzyme Corporation, American Hospital
Supply, Johnson & Johnson, Hoffmann-LaRoche and Sandoz. He holds a bachelor's degree in Pharmacy from Fordham
University and an M.B.A. from Iona College.
"Charles Casamento has a broad
and deep business background, and brings a wealth of experience in the healthcare sector at a time when it will be most valuable
to our company," said Sandesh Seth, Chairman at Relmada Therapeutics. "My goal since the company's inception
was to surround our management team with a world class board of directors comprised of accomplished medical, healthcare and business
professionals whose skill sets, relationships and knowledge could be leveraged to create shareholder value. The addition of Mr.
Casamento represents another solid step in that direction."
"Given his extensive senior-level
experience at several established pharmaceutical and biotechnology companies, I believe that Charles Casamento will add to the
level of talent that currently exists on our Board," stated Sergio Traversa, CEO of Relmada Therapeutics. "Importantly,
the appointment of a financial expert and third independent board member addresses one of the requirements for our planned uplisting
"With a diversified portfolio
of unique product candidates at various stages of clinical development, I believe Relmada is poised to become a leading pain management
company and I am therefore very pleased to be joining the board of directors at this exciting time for the company," said
Fifth Avenue 14th Fl. | New York, NY 10036
About Relmada Therapeutics, Inc.
Relmada Therapeutics is a clinical-stage,
publicly traded specialty pharmaceutical company developing novel versions of proven drug products together with new chemical
entities that potentially address areas of high unmet medical need in the treatment of pain. The Company has a diversified portfolio
of four lead products at various stages of development including d-Methadone (REL-1017) its N-methyl-D-aspartate (NMDA) receptor
antagonist for neuropathic pain; topical mepivacaine (REL-1021), its orphan drug designated topical formulation of the local anesthetic
mepivacaine; oral buprenorphine (REL-1028) its oral dosage form of the opioid analgesic buprenorphine; and LevoCap ER (REL-1015),
its abuse resistant, sustained release dosage form of the opioid analgesic levorphanol. The Company's product development
efforts are guided by the internationally recognized scientific expertise of its research team. The Company's approach is
expected to reduce clinical development risks and costs while potentially delivering valuable products in areas of high unmet
medical needs. For more information, please visit Relmada's website at: www.relmada.com.
Forward-Looking Statements
This news release contains "forward-looking
statements." These statements are based on management's current expectations and involve risks and uncertainties, which
may cause actual results to differ materially from those set forth in the statements. The forward-looking statements may include
statements regarding product development, product potential, or financial performance. No forward-looking statement can be guaranteed
and actual results may differ materially from those projected. Relmada undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events, or otherwise.
Michael Becker, SVP of Finance and Corporate Development
Relmada Therapeutics Inc.
Berry & Company Public Relations
Fifth Avenue 14th Fl. | New York, NY 10036