WINNIPEG, Sept. 22, 2011 /CNW/ - Medicure Inc. ("Medicure" or the "Company") (TSX VENTURE:MPH.H) is pleased to announce that Mr. James Kinley, CA has been appointed Chief Financial Officer of the Company effective September 21, 2011. Mr. Kinley replaces Dawson Reimer, who has served as Chief Financial Officer in an interim capacity since July 15, 2011. Mr. Reimer continues to serve as President and Chief Operating Officer of the Company. The appointment of Mr. Kinley is subject to regulatory approval.
James Kinley, CA currently serves as Vice President, Finance at Genesys Venture Inc. (GVI), where he is responsible for the financial operations of GVI and its client companies. Previous to GVI, Mr. Kinley was Manager, Financial Reporting at Manitoba Telecom Services Ltd. (MTS), a large Canadian telecommunications firm. He was involved in all aspects of financial reporting for MTS including the preparation, review and distribution of external publicly disclosed financial statements and the conversion from Canadian Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS). Mr. Kinley also has experience working with smaller public companies, having provided financial reporting for a number of real estate investment trusts (REITs) from 2006 to 2008. Mr Kinley is a Chartered Accountant and holds a B.Comm (Honours) degree from the I.H. Asper School of Business (University of Manitoba).
Mr. Kinley provides services to Medicure under the Company's ongoing administrative and management services contract with GVI.
About Medicure Inc.
Medicure is a biopharmaceutical company focused on the research, development and commercialization of novel small molecules to treat cardiovascular and neurological disorders. The primary business activity of the Company and its subsidiaries is the marketing and distribution of AGGRASTAT® (tirofiban HCl) for acute coronary syndromes in the United States, where it is sold through the Company's US subsidiary, Medicure Pharma, Inc.
Forward Looking Information Statements contained in this press release that are not statements of historical fact, including, without limitation, statements containing the words "believes", "may", "plans", "will", "estimates", "continues", "anticipates", "intends", "expects" and similar expressions, may constitute "forward-looking information" within the meaning of applicable Canadian and U.S. federal securities laws (such forward-looking information and forward-looking statements are hereinafter collectively referred to as "forward- looking statements"). Forward-looking statements are based on the current assumptions, estimates, analysis and opinions of management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors which the Company believes to be relevant and reasonable in the circumstances. Inherent in forward-looking statements are known and unknown risks, uncertainties and other factors beyond the Company's ability to predict or control that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements, and as such, readers are cautioned not to place undue reliance on forward-looking statements. Such risk factors include, among others, the Company's future product revenues, stage of development, additional capital requirements, risks associated with the completion and timing of clinical trials and obtaining regulatory approval to market the Company's products, the ability to protect its intellectual property, dependence upon collaborative partners, changes in government regulation or regulatory approval processes, and rapid technological change in the industry.
Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about: general business and economic conditions; the impact of changes in Canadian-US dollar and other foreign exchange rates on the Company's revenues, costs and results; the timing of the receipt of regulatory and governmental approvals for the Company's research and development projects; the availability of financing for the Company's commercial operations and/or research and development projects, or the availability of financing on reasonable terms; results of current and future clinical trials; the uncertainties associated with the acceptance and demand for new products and market competition. The foregoing list of important factors and assumptions is not exhaustive. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, other than as may be required by applicable legislation. Additional discussion regarding the risks and uncertainties relating to the Company and its business can be found in the Company's other filings with the applicable Canadian securities regulatory authorities or the US Securities and Exchange Commission, and in the "Risk Factors" section of its Form 20F for the year ended May 31, 2010.
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