Arrowhead Research -
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Published on: 11/10/2005
Last Visited: 11/17/2007
PASADENA, Calif.--(BUSINESS WIRE)--Nov. 10, 2005--Arrowhead Research Corporation (Nasdaq:ARWR), a diversified nanotechnology company, today announced the appointment of Dr. Leon Ekchian as president.Dr. Ekchian, armed with both an MBA from UCLA and a Ph.D. from MIT, is a tested business leader who also has a deep understanding of the science that underlies innovation.
For the last nine years, Dr. Ekchian served as president and chief executive officer of Litex Inc., a Lockheed Martin spinoff focused on the commercialization of advanced electronic automotive technologies.
Dr. Ekchian's responsibilities will include overseeing the day-to-day operations of Arrowhead's subsidiaries, making sure they move swiftly toward the goal of commercializing their innovations.He will also develop Arrowhead's long-term strategic plan as it launches more companies and obtains key intellectual property.
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Dr. Ekchian praised Arrowhead's "extremely compelling" business model."Arrowhead is an innovator in developing and executing in the nanotech field.In addition, the company has assembled a very talented team of managers and technical staff.I am really excited about working with this team and about the future of Arrowhead."
Dr. Ekchian's tenure at Litex began in 1997, when Lockheed Martin spun the company off to commercialize auto emissions reduction technology.Dr. Ekchian was previously a business development executive responsible for Lockheed Martin's business/corporate development and strategic planning.While at Litex, Ekchian focused on commercialization while also overseeing sales, product development, engineering, licensing and finance.He spearheaded an aggressive marketing and sales campaign on three continents, serving as the primary company contact to the media and investors.And, at the same time, Dr. Ekchian secured venture capital and private equity financing.
Dr. Ekchian received his MBA in 1992 from the University of California, Los Angeles, with a concentration in finance, marketing and strategy.He earned his bachelor's and master's of science in addition to his Ph.D. (1983) from the Massachusetts Institute of Technology.