ARDSLEY, N.Y.--(BUSINESS WIRE)--Acorda Therapeutics, Inc. (NASDAQ:ACOR) today announced that Andrew Hindman, Chief Business Officer, will transition out of the Company over the coming months.
“We thank Andrew for his many contributions to Acorda over the past five years. One of his first achievements was helping to lead Acorda’s acquisition of Civitas and INBRIJA, which was transformational for the Company,” said Ron Cohen, M.D., Acorda’s President and CEO. “Andrew is interested in pursuing opportunities in the wider biopharma industry. While we will miss him, we support his ambitions. He graciously has agreed to remain with Acorda for several months to ensure an orderly transition.”
“I’m proud to have contributed to the strategic evolution of Acorda over the last five years,” said Mr. Hindman. “The approval of INBRIJA cements Acorda’s leadership in Parkinson’s disease, and also validates the ARCUS Technology as an innovative platform with potential to enable delivery of medications by inhalation.”
Throughout the transition period, Mr. Hindman will continue to work on Acorda’s business development, including evaluating ex-US commercial partnerships for INBRIJA. Acorda filed a Marketing Authorization Application, or MAA, with the European Medicines Agency, or EMA, in March 2018, and expects a final decision before the end of 2019.
INBRIJA was approved by the U.S. Food and Drug Administration, or FDA, on December 21, 2018 for the intermittent treatment of OFF episodes in adults with Parkinson’s disease treated with carbidopa/levodopa. INBRIJA currently is available by prescription in the U.S.
Acorda expects to recruit from outside the company to fill Mr. Hindman’s position. In the interim, Dr. Cohen will continue to be the Company’s lead investor relations spokesperson, and members of Acorda’s senior executive team will support its business development, financial planning and alliance management processes.
About Acorda Therapeutics
Acorda Therapeutics develops therapies to restore function and improve the lives of people with neurological disorders. INBRIJA™ (levodopa inhalation powder) is approved for intermittent treatment of OFF episodes in adults with Parkinson’s disease treated with carbidopa/levodopa. INBRIJA is not to be used by patients who take or have taken a nonselective monoamine oxidase inhibitor such as phenelzine or tranylcypromine within the last two weeks. INBRIJA utilizes Acorda’s innovative ARCUS® pulmonary delivery system, a technology platform designed to deliver medication through inhalation. Acorda also markets the branded AMPYRA® (dalfampridine) Extended Release Tablets, 10 mg.
