News Press Releases

Scott Horvitz Appointed CFO of Linguagen

Seasoned Financial Executive to Manage Growth at Taste Research and Technology Company

Cranbury, N.J., July 12, 2004 - Linguagen Corp. (www.linguagen.com), a leader in the development of ingredients used to improve the taste of food, beverages, and pharmaceutical products, today announced the appointment of Scott M. Horvitz to the position of Chief Financial Officer. Mr. Horvitz is a seasoned executive with more than 23 years experience in accounting and financial management of biotechnology companies, including the management of initial public offerings for two biotechnology companies with which he was affiliated. He is experienced in a broad spectrum of key strategic areas including: finance, SEC reporting, investor relations, corporate governance, budgeting, contract negotiation, mergers and acquisitions, business development, facilities, and human resources.

"We are pleased to have someone with Scott's qualifications on board to help manage Linguagen's growth" said F. Raymond Salemme, Chief Executive Officer, Linguagen Corp. "I know from working with Scott in the past that the depth and breadth of his capabilities in biotech finance and management make him a valuable addition to our senior management team. We all look forward to working with Scott to make Linguagen a very successful company."

Prior to joining Linguagen, Mr. Horvitz was a co-founder of 3-Dimensional Pharmaceuticals, Inc. where he worked from its inception in 1993 until its acquisition by Johnson & Johnson in 2003, most recently serving as its Chief Financial Officer and Corporate Secretary and Treasurer. From 1991 to 1993, Mr. Horvitz held various positions at Magainin Pharmaceuticals Inc., now Genaera Corporation, where he last served as Executive Director, Finance and Human Resources. From 1983 to 1991, Mr. Horvitz was with the firm of Eisner LLP, Certified Public Accountants, where he most recently held the position of Senior Audit Manager, specializing in venture-financed, technology start-up companies. He holds a Bachelor of Science in Accounting from the University at Albany and is a Certified Public Accountant. Mr. Horvitz is currently a member of the University at Albany Life Sciences Steering Committee.

About Redpoint Bio, formerly Linguagen
Redpoint Bio Corporation (www.redpointbio.com) is a privately held company located in Cranbury, N.J., and holds a variety of patents in the field of taste. The company researches, discovers, develops, and commercializes breakthrough products that improve the palatability of oral medicines and enhance the flavor and nutritional value of foods and beverages, including solutions to the problems of bitterness, excess sugar, and excess salt.

Business Contact
Scott M. Horvitz, shorvitz@redpointbio.com, (609) 860-1500

 

 

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