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VERSAPHARM EXECUTIVE BIOGRAPHIES

KEVIN CONNELLY
CHIEF EXECUTIVE OFFICER

CPA with over 25 years of finance and management experience, the last 15 years in the pharmaceutical industry.

Formally Chief Financial Officer of a multi-national pharmaceutical business. Responsible for all aspects of finance along with control of global operations as well as a member of the Executive Committee, Strategic, Finance and Product Evaluation Committees and subsidiary boards. Managed growth of the company from sales of $30 million to over $300 million and a market cap of $25 million to a peak of $2.1 billion. Led numerous product and company acquisition projects.

“VersaPharm is a tremendous platform for growth. I am excited about the opportunities to expand the current business through product development and acquisition. I am looking forward to working with both current and new senior managers to form a team that can, along with all of our employees, continue to make VersaPharm the preferred partner in our industry.”

Previous experience includes 10 years in the banking and finance industry.

JOSEPH W. LEARY
CHIEF OPERATING OFFICER

An MBA with over 15 years of pharmaceutical experience specializing in the areas of finance, operations and business development within all sectors of the industry including generics, branded and biotech.

Prior to joining VersaPharm, Joe was a founding partner of a pharmaceutical consulting business that focused on business development opportunities within the specialty and niche pharmaceutical arenas.

“I am tremendously excited about the future of VersaPharm. Our current position in the market, combined with the experience of the entire VersaPharm team, both new and existing, offers us a unique opportunity for growth. Look for us to begin expanding our business with new products and to maintain the excellent reputation the company has established in the industry, by focusing on quality and customer service.”

Joe spent five years at a multi-national generic pharmaceutical company as the Group Vice President of Finance and Corporate Controller. His areas of responsibility included all operational finance activities and he was a senior member of the company’s Finance Committee and chaired both the Pricing Committee and the Global Sales and Operations Committee. Other areas of responsibility included coordinating the supply chain between the multiple international production facilities and the U.S. distribution center.

Joe’s previous experience includes seven years at one of the major branded international pharmaceutical companies as a member of their product marketing teams and two years at a small biotech firm that specialized in HIV and cancer research.

STEPHEN M. MCCUNE
CHIEF SALES AND MARKETING OFFICER

Senior Executive with over 25 years of pharmaceutical industry experience marketing and selling branded and generic prescription and over-the-counter products.

Most recently, as head of sales and marketing for an international pharmaceutical consulting business, was responsible for indentifying under performing products with growth potential, drugs for internal development and companies for acquisition.

Steve also spent 12 years with a multi-national pharmaceutical manufacturer with increasing levels of responsibility in sales and marketing positions. As Group Vice President of Sales and Marketing for the US Generic and OTC businesses, Steve was responsible for overall sales profitability of various product lines, managing sales, marketing, supply chain logistics and pricing.

“I am very excited to be a part of the NEW VersaPharm team. This company is uniquely positioned for growth from its beginnings marketing to government institutions, Clinics and GPO’s to expansion into mainstream retail customers. Taking advantage of the current pipeline of specialty items plus other projects that will propel VersaPharm into one of the most dynamic pharmaceutical companies in the years to come.”

Prior experience includes 12 years with a branded pharmaceutical corporation.

CARL A. MERIDETH, RPh, MBA
VICE PRESIDENT, MARKETING AND CLINICAL
PHARMACOLOGY

MBA and Registered Pharmacist in the states of Georgia and Tennessee with over 25 years of pharmaceutical experience.

Recently named Vice President Marketing and Clinical Pharmacology of VersaPharm Incorporated. Current responsibilities include developing new products, line extensions, and strategies for product development. Originally joined VersaPharm in 1996 serving in many capacities including marketing, sales, research and development, and operations.

“Our values tell you a lot about who we are. We care about people and use our knowledge and experience to develop products to meet their needs. Corporate and professional skills are also applied to activities through the church, as well as, Bible studies and international mission work.”

Previous experience includes 10 years with Wyeth-Ayerst laboratories and Lederle laboratories in various management and sales positions.

Mr. Merideth holds a B.S. in Liberal Arts from the University of Tennessee, a B.S. in Pharmacy from Mercer University Southern School of Pharmacy, and an M.B.A. from Georgia State University.

R. JOE WARE
BOARD MEMBER

In 1995, Joe incorporated VersaPharm and has enjoyed much success building the company. In late 2007, Joe was able to complete a transaction that allows him to relinquish his day to day responsibilities at VersaPharm and spend more time with family. Joe will continue to serve as a board member and consultant for the Company.

“I have had the opportunity to work with so many dedicated healthcare professionals and will continue to value the friendships that have developed. All of you have helped us to grow our business and hopefully, we have made some small contribution to fulfilling your role and responsibilities. I will have the opportunity to work with the new team and continue to see many of you personally. I treasure our relationship and wish you all much success in the future.”

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