Avadel Pharmaceuticals plc has recently appointed Dr. Naseem Amin, M.D. to its board of directors, effective May 17, 2024. Dr. Amin brings with him thirty years of international industry executive leadership and expertise in various areas including business development, venture capital, and research and development. He holds a medical degree from the Royal Free School of Medicine, London, and an MBA from the Kellogg Graduate School of Management, Northwestern University.
Avadel Pharmaceuticals plc is currently focused on the commercial launch of Lumryz™, which was approved by the U.S. Food & Drug Administration (FDA) as the first and only once-at-bedtime oxybate for the treatment of cataplexy or excessive daytime sleepiness (EDS) in adults with narcolepsy. The company is also looking to potentially expand the use of Lumryz™ into pediatrics and idiopathic hypersomnia.
In addition to the appointment, Dr. Amin's extensive experience in identifying, developing, and commercializing new medicines for dynamic growth-oriented companies will be a great addition to the Avadel board. This comes as the company continues to execute on the commercial launch of Lumryz™ and potentially expand its use into pediatrics and idiopathic hypersomnia.
It is worth noting that Lumryz™ represents an extraordinary breakthrough for patients, and Dr. Amin expressed his eagerness to leverage his 30 years of experience in growing and developing companies to support Avadel's continued success and its impact on people with sleep disorders. The market has reacted to these announcements by moving the company's shares 0.6% to a price of $15.79. For the full picture, make sure to review Avadel Pharmaceuticals's 8-K report.
