Basilea appoints Chief Commercial Officer

Basilea Pharmaceutica AG / Basilea appoints Chief Commercial Officer . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Basel, Switzerland, August 18, 2014 - Basilea Pharmaceutica Ltd. (SIX: BSLN) reports today that it has appointed David Veitch as Chief Commercial Officer of Basilea Pharmaceutica International Ltd. Mr Veitch will join the company on September 1, 2014. As a member of the management committee, he will be responsible for leading Basilea's commercial operations, including sales, marketing, pricing and market access, reporting to Chief Executive Officer Ronald Scott.

David Veitch brings over 25 years of international commercial experience in the pharmaceutical industry to Basilea. He has led cross-functional organizations at the country and European level and was responsible for the launch of numerous brands across many therapeutic areas. Most recently he was President European Operations at Savient Pharmaceuticals. Prior to Savient, from 1996 to 2011, Mr. Veitch held various positions with increasing responsibilities at Bristol-Myers Squibb UK and Europe. Mr. Veitch's last position at Bristol-Myers Squibb was Senior Vice President Europe, Middle-East and Asia, Marketing and Brand Commercialization, leading the commercial organization for the region with a focus on specialty care brands. He started his pharma career in 1987 at SmithKline Beecham Pharmaceuticals, UK. Mr Veitch holds a Bachelor of Science degree in biology from the University of Bristol, UK.

"We are very pleased to have David Veitch join our team as Chief Commercial Officer. His extensive experience and in-depth knowledge of European pharmaceutical markets will be instrumental in the commercialization of our broad-spectrum antibiotic Zevftera/Mabelio," said Ronald Scott, Chief Executive Officer of Basilea. "We anticipate launching Zevtera in Germany in the second half of this year, followed by launches in additional key European markets in 2015. In the event our antifungal isavuconazole is approved next year, Basilea could have two hospital anti-infectives with European market authorization by the end of 2015. This would afford the company significant commercial synergy and put Basilea in a strong position to optimize the value of these two drugs. We look forward to working with David to bring our new medications to the market."