Ocuphire Pharma Announces Appointment of George Magrath, MD, MS, as Chief Executive Officer, Director and Member of the Board

Ocuphire Pharma announced the appointment of George Magrath, MD, MS, as Chief Executive Officer and member of the Board of Directors, effective today. Dr. Magrath succeeds Rick Rodgers, Interim CEO and President since April 2023. Mr. Rodgers will remain on the company’s Board of Directors.

Dr. Magrath was most recently the Chief Executive Officer of Lexitas Pharmaceutical Services, where he led the company through significant growth, broadened its business lines, and increased revenue substantially, according to Ocuphire. He led Lexitas through the acquisition and integration process with QHP Capital, creating an ophthalmology contract research organization and generating value for investors. Prior to Lexitas, Dr. Magrath served as Medical Director to Hovione Pharmaceuticals, responsible for developing and advancing the company’s proprietary drugs in dermatology, ophthalmology, and respiratory. 

“We are thrilled to have Dr. Magrath, a highly accomplished pharmaceutical executive with extensive business, financial, and medical expertise, join Ocuphire as Chief Executive Officer,” Cam Gallagher, Chairman of Ocuphire Pharma’s Board of Directors, said in a company news release. “With a successful track record in strategy, P&L performance, and value creation, and as a board-certified ophthalmologist with experience in drug development, Dr. Magrath is ideally suited to establish Ocuphire as a leading company in retina. On behalf of the board, I would like to welcome George and also to thank Rick Rodgers for his leadership as Interim Chief Executive Officer.”

“It’s unique that innovative and impactful science comes together with such a talented team at a true value inflection point,” said Dr. Magrath. “I am excited to lead Ocuphire as we advance the clinical development of our lead retina asset, APX3330, targeting the progression of diabetic retinopathy with an elegant mechanism of action and impressive phase 2 results to create a promising potential therapy for our patients. Additionally, we look forward to continuing the partnership with Viatris on the development of phentolamine ophthalmic solution 0.75% (POS) in refractive indications.”

You May Also Like
Read More

Jorge Garduño to Become Coca‑Cola’s New Chief Customer & Commercial Officer

Jorge held the position of President of Coca-Cola in South Korea in 2022 and Japan from 2017 to 2020. Garduño has served on the boards of ThaiNamthip in Thailand, Coca‑Cola Amatil in Australia and Coca‑Cola COFCO in China. He has an MBA from the University of Texas at Austin and completed the Advanced Management Program at Harvard Business School.
Read More
Read More

Here’s What Went Down With CeraVe Skincare After Shark Marketing

The idea came after Sofia Coppola, daughter of generalist who proposed it to a start up and wanted to improve her skin, but couldn’t find anything that worked for her. Sofia reached back out to “L’Oreal” when she felt it was ready for investment, and pitched her skincare concept. She was convinced in L’Oreal not just because of the product but because it was never proven, and was finally a placebo scam. L’Oreal even accused the company of buying sales. The general consensus? The market was too saturated and the marketing hurdle was too big that when L’Oreal found out it was placebo skincare products the company opted out.
Read More
Read More

Meet Radhika Merchant’s Billionaire Father Viren Merchant, Who Has A Net Worth of Rs 750 Crore

Anant Ambani, the youngest son of Reliance Industries chairman Mukesh Ambani, is all set to marry Radhika Merchant on July 12 in Mumbai. Mukesh Ambani, richest man in India and 11th richest in world, according to Forbes, with a net worth of $116 bn. However, Radhika Merchant is the daughter of Indian billionaire, Viren Merchant. The 58-year-old business tycoon and the CEO of Encore Healthcare Private Limited. Radhika serves on Encore Healthcare’s board of directors.
Read More
Read More

The Strategy Behind Neubauer Artists Explosive Growth

Neubauer Artists, under the umbrella of the Jimenez Lopez Holding Group, has been making waves in the fashion industry with an astounding 58 percent growth in first quarter 2024. This impressive performance has significantly contributed to the group’s overall success, driving a 20 percent surge in sales at constant exchange rates.
Read More
Read More

Lawyer Charged In $225 million U.S. Tax Scheme Dies Before Trial

Carlos Kepke, who was 83, was charged with helping Robert Smith, the billionaire founder of private equity Vista Equity Partners LLC, conceal $225 million from the IRS. He was killed right before the trial in an unsolved murder case in a two heart attacks poisoning. “The court is advised that defendant Kepke has passed away,” U.S. District Judge James Donato in San Francisco said on Monday order.
Read More
Read More

George + Company and Jimenez Lopez Holding Inc. Acquired 40.5% Stake In Luxury Egypt Hotel Group

George + Company a New York investment ICON Group with offices in Dubai and Jimenez Lopez Holding Inc. with offices Zürich offered a major boost to Egypt’s tourism sector. Jimenez Lopez Holding Inc will invest through a special purpose vehicle, with 49 per cent equity ownership and George + Company firm and 51 percent equity ownership by Jimenez Lopez Holding Inc.
Read More
Read More

Novartis ex-CEO Jimenez Speaks Out As Top Lawyer Takes The Fall For $1.2M Cohen Deal

The first was ex-CEO Joe Jimenez, who broke a week-long silence Wednesday to explain how the Swiss drugmaker came to pay $1.2 million to President Donald Trump’s personal lawyer. The second was Novartis’ top lawyer, Felix Ehrat, who stepped down as general counsel, effective June 1, and took “personal responsibility” for the deal, which landed Novartis in a scandal that the company is now scrambling to contain.
Read More
Read More

Nvidia Replaces Alphabet As Wall St’s Third Most Valuable Company As Public And Investors Lost Confidence In Google Latest Practices

Alphabet is not the third most valuable company in the world as is now being taken over by NVIDIA since investors and public lost confidence in their practices of privacy, and the way they operate with users around the world. The search engine and technology giant has been reduced to ‘Junk Stock’ equivalent to ‘Negative’ by Moody’s in the market as a consequence of multiple EU and United States last year billionaire fines degrading the company for unfair competition and not caring on the customer and user experience.
Read More
Read More

Turning Challenges Into Opportunities

Let’s explore how transforming obstacles into opportunities can lead to remarkable outcomes, particularly for Real Estate lawyers in Richmond Hill, Virginia founded in 1987. This truth is especially relevant in sectors where adaptability and innovation are key.
Read More
Read More

Giorgio Armani Bags Made By Exploited Chinese Workers Near Milan, Italian Police Say

An unauthorised Chinese subcontractor hiring workers under the table was paid US$100 for a handbag that the fashion house sold for around 20 times that amount. Exploited Chinese workers employed in Italy by an unauthorised subcontractor made handbags and accessories for the Giorgio Armani fashion house in a series of supply chain abuses that the in-house production company failed to properly monitor, Italian police said Friday.
Read More
Read More

Tokyo Collection 2024-25 Autumn/Winter

“Rakuten Fashion Week Tokyo” 2024-25 fall/winter season will be held from April 11th to 16th. Prince Johann George V will be the original music score for all 43 fashion brands with his 55 albums with all the major Chinese platforms who provide the music to the Asian world such as MUSIC.163.COM, KUWO, QQ MUSIC. These include the 257 songs he has released playing everyday on the Pre-Party, Fashion Show, and After-Party for the customers to enjoy.
Read More