Nuvo Pharmaceuticals Appoints Jesse Ledger as President

MISSISSAUGA, Ontario, November 16, 2016

Nuvo Pharmaceuticals Inc., a commercial healthcare company with a portfolio of commercial products and pharmaceutical manufacturing capabilities, today announced that its board of directors has appointed Jesse Ledger to the position of President effective immediately.

Mr. Ledger was previously Nuvo’s Vice-President of Business Development. In his new role, Mr. Ledger will assume additional operational responsibilities and lead the Company’s initiative to diversify its revenue streams by out-licensing global rights for its lead product, Pennsaid 2% and by acquiring complementary products or businesses. John London, who was previously Nuvo’s President and Chief Executive Officer will continue to lead the Company as its CEO.

“Jesse is an extremely talented executive who has demonstrated an expansive knowledge of the pharmaceutical industry and strong organizational and leadership qualities,” said John London, Nuvo’s CEO. “We are pleased to expand his responsibilities and entrust him with the Company’s highest priority strategic initiative of expanding and diversifying Nuvo’s revenue stream.”

Mr. Ledger joined Nuvo in April 2016 as its Vice-President of Business Development. Prior to joining Nuvo, he was Vice-President, Business Development and International Business of Tribute Pharmaceuticals Canada Inc. While at Tribute, Mr. Ledger was a member of the senior management team that completed six transactions with an aggregate value of over CDN$250 million, culminating in a merger with Pozen Inc. and the subsequent formation of Aralez Pharmaceuticals plc. Prior to joining Tribute, Mr. Ledger was the Director, Business Development at SteriMax Inc. Mr. Ledger holds an honours Bachelor of Business Administration degree from Trent University.