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Date: 2015-05-19

Type of information: Nomination

Compound:

Company: GW Pharmaceuticals (UK)

Therapeutic area: CNS diseases - Neurological diseases - Neurodegenerative diseases

Type agreement:

nomination

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Details:

* On May 19, 2015, GW Pharmaceuticals announced that the Company has appointed Julian Gangolli as President, North America and is also relocating its Chief Executive Officer, Justin Gover, to the United States.
Mr Gangolli, was, from 2004 until April 2015, President of the North American Pharmaceutical division of Allergan Inc, with responsibility for a 1,400-person integrated commercial operation with sales exceeding $3.8 billion in 2014. As a Corporate Vice President and member of the Executive Committee, Allergan’s most senior leadership team overseeing worldwide operations, Mr Gangolli was an integral part of the executive management team that transformed Allergan into one of the leading specialty pharmaceutical companies in the U.S. Mr Gangolli will join GW in June and is expected to be appointed to the Company’s Board of Directors.

GW will locate its U.S. operation in Southern California where Mr Gangolli and Mr Gover will be based. GW is also continuing to expand its UK manufacturing and R&D operations in preparation for future commercialization as well as pipeline development. GW currently employs 325 staff in the UK, up from 190 two years ago.

As President, North America Pharmaceuticals, Mr Gangolli’s responsibilities represented over 50% of Allergan’s revenue, 60% of its profit, and over 60% of its year-on-year profit growth. He was responsible for four business units supporting each of the specialty areas of Ophthalmology/Optometry (Eye Care), Neurosciences, Urology and Medical Dermatology for the U.S. and Canada, each of which are considered category leaders in their respective therapeutic areas. In addition to his commercial responsibilities, Mr. Gangolli had responsibility for strategic planning, business development, research and product development planning for the North American division. Prior to his role as President, North America, Mr Gangolli was Senior Vice President, U.S. Eye Care, at Allergan from 1998 to 2004. Allergan’s Eye Care business unit has grown from $150 million in 1998 to over $2.3 billion in 2014 and is considered the leading ophthalmic pharmaceutical company ranked by quality and service with U.S. ophthalmologists. Prior to Allergan, Mr Gangolli was Vice President, Sales and Marketing at VIVUS, Inc. where he established from inception a fully functioning commercial operation. Prior to VIVUS, Mr Gangolli held roles at Syntex Pharmaceuticals, Inc. and Ortho-Cilag Pharmaceuticals Ltd. in the UK. He grew up and was educated in the UK and is a U.S. citizen.

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