Healthcare >> CEO Interviews >> March 20, 2003

Joe Echols – Crimson Pharmaceuticals

JOE ECHOLS is Chairman of Crimson Pharmaceuticals. He began his career in the pharmaceutical industry in 1969 after graduation from the University of Georgia with a Bachelor's degree in Marketing. His first 14 years were in sales and sales management with pharmaceutical divisions of Johnson & Johnson, and he was a member of the original management team for the USA subsidiary of Janssen Pharmaceutical. The subsequent 12 years were spent with smaller and startup pharma companies, both OTC and prescription, in the ophthalmic, analgesic, gastroenterology, respiratory and related categories; in the capacities of general management, sales management, marketing, trade relations, advertising management and international business development. During this time, Mr. Echols formed the international division for what is now Axcan Pharma. Since the mid-1990s, he has maintained an independent pharmaceutical consulting business with his son, involved in numerous projects in the USA and globally. He was invited to join the Licensing Executives Society in 1996 and remains active in this organization. In 2001, he formed Aqueous Pharma Ltd., and acquired innovative, patented technology from Dr. Frank Holly, one of the world's foremost scientists in the study of the human tear and dry eye disorders. This technology is the basis for four artificial tear formulations to effectively treat all classifications of dry eye syndrome, and Mr. Echols is currently engaged in commercializing these products on a global basis. Profile
TWST: Would you give us a brief summary of Crimson Pharmaceuticals?

Mr. Echols: Crimson Pharmaceuticals is a very new company formed

specifically to focus on therapy for something called dry