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About Titan Pharmaceuticals Inc.
Titan Pharmaceuticals Company Overview

Company Overview

Titan Pharmaceuticals, Inc is a biopharmaceutical company focused in the development of products for the treatment of central nervous system (CNS) diseases. Titan's first out licensed product, Fanapt® (iloperidone) is an atypical antipsychotic approved in the U.S. in May 2009 for the treatment of schizophrenia in adult patients. It is currently marketed in the U.S. by Novartis Pharma, AG, and Titan is entitled to receive 8-10% of global annual sales as royalty revenue for the term of the licensed patents.

 

Titan's second product, Probuphine, is nearing completion of the Phase 3 clinical development program in the treatment of opioid addiction. Probuphine is a novel, subcutaneous implant formulation of buprenorphine designed to deliver six months of medication following single treatment. This product has already demonstrated strong positive results in the first controlled Phase 3 study for the treatment of opioid addiction. The confirmatory Phase 3 study is currently being conducted at 20 sites in the U.S., and the results of this study are expected in Q2, 2011. Additional information on the Probuphine program is available in the PRODUCTS section of this website.

 

The Company's common stock is traded on the OTC Bulletin Board Markets ([TTNP.OB] www.otcbb.com) quotations system. For further information please contact info@titanpharm.com

 

Management Team

Sunil Bhonsle, M.B.A.

President

Katherine L. Beebe, Ph.D.

Executive Vice President and Chief Development Officer

Marc Rubin, M.D.

Executive Chairman

Board of Directors

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Dr. Rubin has served as our President and Chief Executive since October 2007, and. has been a Director of Titan Pharmaceuticals since November 2007 until February 2007, Dr. Rubin served as Head of Global Research and Development for Bayer Schering Pharma, as well as a member of the Executive Committee of Bayer Healthcare and the Board of Management of Bayer Schering Pharma. Prior to the merger of Bayer Pharmaceuticals and Schering AG in June 2006, Dr. Rubin was a member of the Executive Board of Schering AG since joining such company in October 2003, as well as Chairman of Schering Berlin Inc. and President of Berlex Pharmaceuticals, a division of Schering AG. From 1990 until August 2003, Dr. Rubin was employed by GlaxoSmithKline where he held positions of responsibility in global clinical and commercial development overseeing programs in the United States, Europe, Asia and Latin America. From 2001 through 2003, he was Senior Vice President of Global Clinical Pharmacology & Discovery Medicine. Dr. Rubin holds an M.D. from Cornell University Medical College. Dr. Rubin currently serves on the Board of Directors of Medarex, Inc.

Mr. Bhonsle has served as our Executive Vice President and Chief Operating Officer since September 1995 and has been a Director of Titan Pharmaceuticals since February 2004. Prior to joining Titan, Mr. Bhonsle served in various positions at Bayer Corporation from July 1975 until April 1995 including most recently as Vice President and General Manager-Plasma Supply. Mr. Bhonsle holds an M.B.A. from the University of California at Berkeley and a B.Tech. in chemical engineering from the Indian Institute of Technology.

Dr. Bauer serves as the Executive Vice President of Concordia Pharmaceuticals, Inc., a biopharmaceutical company he co-founded in January 2004. Dr. Bauer has been a Director of Titan Pharmaceuticals since November 1997. From February 1997 through March 2003, Dr. Bauer was employed by Titan, most recently as our Executive Director of Corporate Development. From April 1996 until its merger into Titan, Dr. Bauer also served as a director and Chairman of Theracell. From December 1992 until February 1997, Dr. Bauer was a self-employed consultant to companies in the pharmaceutical and biotechnology industries. Prior to that time, Dr. Bauer was with Hoechst-Roussel Pharmaceuticals Inc., where he served as President from 1988 through 1992.

Mr. Cavalier has been a Director of Titan Pharmaceuticals since September 1998. Mr. Cavalier served as Group Vice President of the U.S. Pharmaceuticals Business Unit of Eli Lilly & Company until his retirement in 1994.

Dr. Huckel has been a Director of Titan Pharmaceuticals since October 1995. Dr. Huckel served as Chairman of the Board of Hoechst-Roussel Pharmaceuticals, Inc., Chairman and President of Hoechst-Roussel Agri-Vet Company, and a member of the Executive Committee of Hoechst Celanese Corporation until his retirement in December 1992. Dr. Huckel currently serves on the Board of Directors of Thermogenesis, Corp., Catalyst Pharmaceuticals, Inc. and Concordia Pharmaceuticals, Inc.

Dr. MacFarlane has been a Director of Titan Pharmaceuticals since May 2002. Dr. MacFarlane served as Vice President and Responsible Head of Regulatory Affairs of Genentech, Inc. from 1989 until his retirement in August 1999. Prior to joining Genentech, Inc., he served in various positions with Glaxo, Inc., last as Vice President of Regulatory Affairs.

Mr. Smith has been a Director of Titan Pharmaceuticals since July 2000. Mr. Smith was formerly President and Chief Operating Officer of the Upjohn Company and President of the U.S. Pharma Product Center for Pharmacia & Upjohn.

 

Titan Pharmaceuticals Company Overview

Strategic Alliances

Novarties Pharma, AG, has licensed the rights to commercialize Fanapt in the U.S. and Canada, and commenced marketing the product in the U.S. in Q1, 2010. Titan is entitled to receive a royalty of 8-10% on the global net sales of this product. Titan does not incur any expenses related to this product.