PEARL RIVER, N.Y.–(BUSINESS WIRE)–Acorda Therapeutics, Inc. (Nasdaq: ACOR) today announced that Tom Burns, Chief Financial Officer at XOMA Corporation, has been elected to its Board of Directors by the stockholders at the Company’s Annual Meeting. Jeff Randall, who had served on Acorda’s Board since 2006 and was Chair of the Audit Committee, has rotated off the Board.
“Tom is a highly experienced, savvy financial executive, and we are delighted that he has joined our Board. His decades-long track record of achievement will benefit Acorda as we continue to optimize our financial structure and address our outstanding debt,” said Ron Cohen, M.D., Acorda’s President and Chief Executive Officer. “I also want to thank Jeff Randall for his many years of devoted service on Acorda’s Board. We wish him the very best.”
“I’m excited to be joining Acorda’s Board,” said Mr. Burns. “The Company has successfully addressed a number of challenges in the last few years, and has made impressive progress in reducing its operating expenses, maintaining AMPYRA’s revenue, and preparing for INBRIJA’s growth post-pandemic. I’m looking forward to working with the Board to continue to build value for our shareholders.”
John Kelley, Acorda’s Board Chair, added: “On behalf of Acorda’s Board, I want to welcome Tom to the team. His financial expertise will greatly benefit Acorda. I also join Ron in thanking Jeff for his excellent contributions to Acorda over the last 17 years, and wish him well in the future.”
Mr. Burns joined the XOMA Corporation finance team in 2006; in 2015, he was appointed Senior Vice President and Chief Financial Officer. In this role, he is responsible for all financial matters involving the XOMA portfolio of companies, including directing XOMA’s financial strategy, accounting, budgeting, financial planning and analysis, and investor relations functions. Mr. Burns brings 25 years of experience in accounting and finance at both biotechnology and high technology companies. Previously, he held multiple senior financial management positions at high-tech companies, including Mattson Technology, IntruVert Networks (acquired by McAfee), Niku Corporation (acquired by Computer Associates), and Conner Technology. He received his Bachelor’s degree from Santa Clara University and his Master of Business Administration from Golden Gate University.
About Acorda Therapeutics
Acorda Therapeutics develops therapies to restore function and improve the lives of people with neurological disorders. INBRIJA® is approved for intermittent treatment of OFF episodes in adults with Parkinson’s disease treated with carbidopa/levodopa. INBRIJA is not to be used by patients who take or have taken a nonselective monoamine oxidase inhibitor such as phenelzine or tranylcypromine within the last two weeks. INBRIJA utilizes Acorda’s innovative ARCUS® pulmonary delivery system, a technology platform designed to deliver medication through inhalation. Acorda also markets the branded AMPYRA® (dalfampridine) Extended Release Tablets, 10 mg.
