CeQur Appoints Douglas Lawrence Chief Executive Officer [Global Data Point]
(Global Data Point Via Acquire Media NewsEdge) Lawrence brings more than 25 years of medical device and pharmaceutical industry experience at category-leading companies including Procter %7E Gamble and The BOC Group. Over the past 15 years he has held positions of increasing scope and responsibility at Becton Dickinson %7E Company (BD). He most recently served as vice president for the Insulin Injection business of BD Diabetes Care, where he developed strong strategic drug-delivery partnerships and globally launched a number of insulin delivery innovations.
"Doug Lawrence has the ideal experience, perspective and leadership skills to guide CeQur as the company moves rapidly through manufacturing scale-up and into broad commercialization of the PaQ® Insulin Delivery Device," said Eric Milledge, CeQur chairman. "Importantly, he has proven ability to successfully launch diabetes devices in multiple markets, and understands the needs of those who have diabetes, those who treat the disease, and the companies that support them."
"We also extend our sincere appreciation and gratitude to James Peterson, who had the profound vision to establish CeQur in 2008 and successfully led the company from the design stage of PaQ through CE Mark and first clinical results," Milledge added.
An engineer by training, Lawrence began his career in manufacturing at Procter %7E Gamble, and subsequently gained experience in a range of functions – including market analytics, finance, corporate strategy, marketing, commercial, and R%7ED – before moving into several general management positions.
"I was drawn to CeQur by the unprecedented opportunity to guide an exceptional team as they launch an innovative and simple technology that will dramatically alter the landscape of insulin treatment," said Lawrence. "PaQ has demonstrated the ability to make a real difference for the millions of people around the world who are struggling every day to manage their disease."
As CEO, Lawrence will lead the transition of CeQur from the pilot manufacturing stage through establishment of high-volume manufacturing capacity, regulatory approval in the United States and PaQ international commercialization.
"Over the past six years, we have created and validated a unique technology with the potential to significantly reduce the burden of daily insulin injections for the millions of people with type 2 diabetes," said Peterson. "I am confident that Doug's capabilities and background make him the ideal leader to help our team optimize commercialization and position PaQ as the leader in simple insulin infusion."
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