ACADIA Pharmaceuticals Inc., a biopharmaceutical company focused on the development and commercialization of innovative medicines to address unmet medical needs in central nervous system (CNS) disorders, today announced that Austin D. Kim has joined ACADIA as Executive Vice President, General Counsel and Secretary.
He will report to Steve Davis, ACADIA’s President and Chief Executive Officer and serve as a member of the company’s Executive Management Committee.
The company previously announced in February that Glenn F. Baity, who served as Executive Vice President, General Counsel and Secretary since 2004, would be retiring. Mr. Baity will remain with ACADIA through completion of a transition period.
“We are delighted to have Austin join the ACADIA team,” said Mr. Davis. “Austin has a proven record leading corporate legal and governance activities for global biopharmaceutical companies. His expertise and leadership track record will be greatly valued as we continue to advance NUPLAZID® and explore new opportunities for recognizing the promise of our CNS portfolio and delivering shareholder value.”
From 2006 until 2017, Mr. Kim held several senior legal positions at Teva Pharmaceuticals, a global specialty pharmaceutical company. At Teva, Mr. Kim was most recently Vice President and Deputy General Counsel, Corporate/M&A, handling corporate and securities law matters, acquisitions and corporate development, capital markets transactions and corporate governance matters. Before joining Teva, Mr. Kim was Deputy General Counsel at IVAX Corporation, a global generic pharmaceutical company, which was acquired by Teva in 2006. Earlier in his career, Mr. Kim was a senior lawyer at Transamerica Corporation, practiced law at Pillsbury, Madison & Sutro and clerked for Judge Vaughn Walker of the United States District Court, Northern District of California. Mr. Kim received his J.D. degree from Columbia University School of Law and his A.B. in English Literature and Economics from Stanford University.
Mr. Davis added: “I would also like to express my appreciation to Glenn for his leadership during his many years with ACADIA, beginning when the company first went public in 2004. His guidance during these formative years for ACADIA has contributed significantly to the success we have had as a company and the tremendous value we have provided to patients affected by CNS disorders.”
