Abraxis Bioscience Establishes Global Leadership Team

Business Wire, Feb 7, 2008

LOS ANGELES -- Abraxis BioScience, Inc. (NASDAQ:ABII), a fully integrated biotechnology company, today announced the establishment of a global leadership team with newly created positions that strengthen the company's international senior leadership and build a worldwide commercialization platform for growth.

Jean-Francois Gimonet, M.D., will join the company as Vice President, European Operations; Carlo Montagner has been named President, Oncology Pan Asia; Rick Click has been appointed as Global IT/Chief Information Officer; Lisa Guttman has joined as Vice President of Global Clinical Operations; and several additional members of the company's senior team now will have global responsibilities in their respective areas of expertise.

As Vice President, European Operations, Dr. Gimonet will be responsible for building the company's sales and marketing infrastructure in the region. The appointment of Dr. Gimonet follows the recent marketing approval of ABRAXANE([R]), the company's nab(TM) therapy for the treatment of metastatic breast cancer, by the European Commission. Preparations are underway to launch ABRAXANE across Europe in mid-2008.

"Jean-Francois comes to Abraxis with 15 years of experience in the field of oncology drug development, sales and marketing," said Patrick Soon-Shiong, M.D., Chairman and Chief Executive Officer of Abraxis BioScience. "He is an enthusiastic and talented executive with the expertise to build a successful organization in Europe dedicated to making ABRAXANE, and other much-needed treatments options we are developing, available to patients in Europe."

Before joining Abraxis, Dr. Gimonet was a senior executive at Baxter SAS for six years, last serving as Global Medico-Marketing Director. Previously, he was Country Manager France-Deputy Chairman, ASTA Medica Oncology, a worldwide producer of oncology products, prior to its acquisition by Baxter. Dr. Gimonet has held several hospital research positions in oncology. He has a distinguished 10-year academic career at the Universite Paris - Val-de-Marne (Paris XII), where he earned his Doctor of Medicine degree.

After successfully establishing the marketing organization for ABRAXANE in the United States, Carlo Montagner will become President, Oncology Pan Asia, with responsibility for establishing Abraxis in the Asia-Pacific region. "Since joining the company two years ago with a wealth of experience in heading global oncology businesses for blockbuster chemotherapeutic products, Carlo has done an exceptional job building the Abraxis Oncology team and generating strong sales growth for ABRAXANE in the U.S. We are very pleased that Carlo will now be using his knowledge and experience in Asia-Pacific by focusing on establishing our presence in the region as we build the company's marketing position on a global basis," said Dr. Soon-Shiong.

ABRAXANE is approved for marketing in India, is under active review in Australia, Russia, Korea and China by their respective regulatory agencies, and is under preparation for submission in Japan through a partnership with Taiho Pharmaceutical Co., Ltd.

As Global IT/Chief Information Officer, Mr. Click brings more than 18 years of experience to Abraxis BioScience. He heads the company's international IT department and its related functions, servicing all of the company's offices and operational facilities. Previously, Mr. Click held the position of Chief Information Officer at Molina Healthcare and has held senior positions at eBay's PayPal unit, American Outsourcing Group, Goodman Global Holdings, Honeywell International and Zenith Electronics. He is a graduate of California Coast University and earned a Masters of Business Administration degree and a Professional Masters Degree from Harvard Graduate School of Business.

Ms. Guttman joins Abraxis as Vice President, Global Clinical Operations with more than 18 years of industry experience in a number of therapeutic areas including oncology, cardiovascular disease, and endocrinology. Her extensive knowledge in clinical research operations and industry leadership track record will allow the Abraxis clinical team to expand activity and operations into more than 20 countries and enroll thousands of patients into trials over the next few years to support the growth in the Abraxis pipeline. Prior to joining Abraxis, Ms. Guttman served for more than seven years at Amgen, Inc., most recently as Director, Development Operations. Prior to her position at Amgen, Ms. Guttman worked at Eli Lilly for 10 years in increasingly senior positions in clinical research. Ms. Guttman holds an Honours Bachelor of Science degree in Molecular Biology and a Masters of Business Administration degree from McMaster University in Hamilton, Ontario, Canada.

To further support the company's development into a global enterprise, Abraxis announced that several senior executives have assumed titles that reflect their increased geographic responsibilities. Mitchall G. Clark now serves as Senior Vice President of Global Regulatory Affairs, Jose Iglesias, M.D., is serving as Vice President of Global Clinical Development and Angela Ogden, M.D., is serving as Vice President of Global Medical Affairs.