DOW JONES22,283.00+646.22 2.99%
S&P 5002,619.71+78.24 3.08%
NASDAQ7,774.15+271.77 3.62%

Karyopharm Expands Executive Leadership Team with the Appointment of John Demaree as Chief Commercial Officer

  NEWTON, Mass., March 12, 2020 (GLOBE NEWSWIRE) -- Karyopharm Therapeutics Inc. (NASDAQ:KPTI), an oncology-focused pharmaceutical company, today announced the appointment of John Demaree as Chief Commercial

Benzinga · 03/12/2020 11:07

 

NEWTON, Mass., March 12, 2020 (GLOBE NEWSWIRE) -- Karyopharm Therapeutics Inc. (NASDAQ:KPTI), an oncology-focused pharmaceutical company, today announced the appointment of John Demaree as Chief Commercial Officer. In this role, Mr. Demaree will lead Karyopharm’s commercial strategy and operations, including the continued commercialization of oral XPOVIO® (selinexor), the Company’s first-in-class, Selective Inhibitor of Nuclear Export (SINE) compound.

“We are excited to welcome John to Karyopharm as we continue to execute on the commercialization of XPOVIO and look forward to key milestones in 2020 that could allow us to impact the lives of an increasing number of patients,” said Michael G. Kauffman, MD, Ph.D., Chief Executive Officer of Karyopharm. “John’s leadership and depth of experience launching and growing new oncology medicines will be essential as we continue to build our commercial strategy, team and capabilities for the future.”

“Karyopharm is an exciting company with significant potential to serve patients,” said Mr. Demaree. “I am impressed by the Company’s patient-focused culture and the strength of the leadership team. I look forward to joining this talented group to continue building the commercial organization, a vitally important mission.”

Mr. Demaree brings more than 20 years of oncology experience, building commercial capabilities and leading multiple successful product launches. Prior to joining Karyopharm, Mr. Demaree served as Chief Commercial Officer at G1 Therapeutics where he developed the commercial vision for the company’s oncology assets and built and led its integrated commercial function. Prior to G1, Mr. Demaree served as Vice President, Oncology Marketing at Astellas, where he was responsible for establishing and leading the oncology marketing function, including the successful launch of Xtandi® (enzalutamide). Mr. Demaree oversaw commercial strategy and execution for two approved products and three compounds in development, as well as market access and reimbursement strategy, product lifecycle management and external commercial collaborations. Previously, Mr. Demaree led oncology business development and alliance management at Abbott. He began his career serving in marketing leadership positions at Novartis and Eli Lilly. Mr. Demaree holds an MBA in Marketing and Finance from Indiana University and a B.S. in Marketing, also from Indiana University.