Impax Labs PE advisor Vergis to board

Specialty pharmaceutical company Impax Laboratories has added Janet S. Vergis to its board of directors. The appointment became effective October 7. Currently, Vergis serves as an executive advisor to Water Street Healthcare Partners LLC and Deerfield Management. Previously, she was an executive-in-residence at Warburg Pincus LLC.

PRESS RELEASE

HAYWARD, Calif., Oct. 8, 2015 /PRNewswire/ — Impax Laboratories, Inc. (NASDAQ: IPXL) announced today that Janet S. Vergis has been appointed to the Company’s Board of Directors effective as of October 7, 2015. Ms. Vergis currently serves as an executive advisor to private equity firms and has more than 27 years of pharmaceutical experience.

Robert L. Burr, Chairman of the Board of Impax Laboratories, commented, “We are delighted that Janet Vergis will be joining the Board as she brings an extensive background in pharmaceutical research and development, new product development, and sales and marketing. Our Board is looking forward to the perspective Janet will provide related to our strategy and operations.”

Ms. Vergis has served as an executive advisor for private equity firms since 2013, where she identifies and evaluates healthcare investment opportunities. She is currently retained in that capacity by Water Street Healthcare Partners, LLC, and by Deerfield Management and previously served as an executive in residence advisor at Warburg Pincus, LLC.

Prior to her advisory roles, she was the Chief Executive Officer of OraPharma, Inc., a specialty pharmaceutical company dedicated to oral health, where she led that company’s successful turnaround and subsequent sale to Valeant Pharmaceuticals International, Inc.

Prior to joining OraPharma, she spent more than 21 years with Johnson and Johnson (JNJ) and its subsidiaries where she served in various positions of increasing responsibility in executive leadership including as President of Janssen Pharmaceuticals, McNeil Pediatrics and Ortho-McNeil Neurologics. During her time at JNJ and its subsidiaries, she gained significant experience in research and development, new product development and sales and marketing.

Since May 2014, Ms. Vergis has been on the board of directors of Church and Dwight Co., Inc., a consumer products company. Ms. Vergis previously served as a member of the board of directors of Lumara Health (formerly K-V Pharmaceutical Company), a specialty branded pharmaceutical company from 2013 to 2014, and of OraPharma from 2011 to 2012.

Ms. Vergis earned a B.S. degree in Biology and an M.S. degree in Physiology from The Pennsylvania State University.

About Impax Laboratories, Inc.
Impax Laboratories, Inc. (Impax) is a specialty pharmaceutical company applying its formulation expertise and drug delivery technology to the development of controlled-release and specialty generics in addition to the development of central nervous system disorder branded products. Impax markets its generic products through its Impax Generics division and markets its branded products through its Impax Specialty Pharma division. Additionally, where strategically appropriate, Impax develops marketing partnerships to fully leverage its technology platforms and pursues partnership opportunities that offer alternative dosage form technologies, such as injectables, nasal sprays, inhalers, patches, creams and ointments. For more information, please visit the Company’s Web site at: www.impaxlabs.com.