Unichem Pharma appointed Scott Delaney as President and Chief Executive Officer

HASBROUCK HEIGHTS: Unichem Pharmaceuticals USA, Inc., announced that Scott Delaney has joined the Company as President and Chief Executive Officer - North America for the Company's parent, Unichem Laboratories Limited, based in Mumbai, India.

Mr. Delaney has also been appointed as a member of the Company's Board of Directors.

Mr. Delaney is an accomplished leader with over 24 years of experience in brand and generic pharmaceutical management. He brings deep expertise in many areas of generic pharmaceutical management, including sales, marketing, contract negotiation, business development, manufacturing/distribution, third-party payor management, product portfolio selection and product lifecycle management.

Mr. Delaney has worked with outstanding organizations such as Eli Lilly and Company, Johnson and Johnson, HEB Grocery Company, Teva Pharmaceuticals, URL Pharma, Cadista Pharmaceuticals, and Edenbridge Pharmaceuticals. Most recently, Mr. Delaney was President of Heritage Pharmaceuticals, Inc., a division of Emcure Pharmaceuticals based in Pune, India.

Mr. Delaney commented, "I am honored to accept the role of President and Chief Executive Officer – North America for Unichem at this exciting time for the company. Dr. Mody and the entire Unichem team, have been extremely welcoming to me and my family. They have built a tremendous organization and are very well positioned for the future in the pharmaceutical industry. I look forward to continue to build on this success while helping to identify new and exciting opportunities that will create additional long-term value for Unichem Laboratories."

Dr. Mody commented, "With our committed global focus, built on our strength and capabilities, we are confident that with Scott's leadership and dynamism we will reach greater heights."

Mr. Delaney earned his B.B.A. in Accounting/MIS from Baylor University in 1992 and his M.B.A. in 2000 from the McCombs Graduate School of Business, The University of Texas at Austin.