SAN DIEGO, March 15, 2017 (GLOBE NEWSWIRE) -- Obalon Therapeutics Inc. (NASDAQ:OBLN), a vertically integrated medical technology company, announced today that David Moatazedi, Senior Vice President, US Medical Aesthetics for Allergan plc has been appointed to its board of directors. Mr. Moatazedi is the second addition to the Obalon board of directors in 2017, as Obalon continues its launch of the Obalon Balloon System, the first and only FDA-approved swallowable, gas-filled intragastric balloon system for weight loss.
“Mr. Moatazedi leads an in-depth portfolio of some of the most respected brands in aesthetics that consumers want and physicians depend on,” commented Andy Rasdal, Chief Executive Officer of Obalon. “This addition to our board of directors brings a critical voice to our company and of our advisory team at an important moment in Obalon’s growth.”
Mr. Moatazedi is currently the Senior Vice President, US Medical Aesthetics for Allergan plc. In this role, Mr. Moatazedi is a member of the Allergan Commercial Leadership Team with multiple business unit responsibility, including Facial Aesthetics, Plastics and Regenerative Medicine and Skincare. Mr. Moatazedi has over seventeen years’ commercial experience managing upstream and downstream marketing, working across multiple brands with increasing responsibility. He has also led several business units as Vice President, Sales and Marketing beginning with Plastic Surgery and followed by Facial Aesthetics.
About Obalon Therapeutics, Inc.
Obalon Therapeutics, Inc. (NASDAQ:OBLN) is a San Diego-based company focused on developing and commercializing novel technologies for weight loss. The Obalon management team has over 150 combined years of experience in developing and commercializing novel medical technologies with a track record of financial and clinical excellence. For more information, please visit www.obalon.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the benefits of the company’s product. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, the company cannot guarantee future events, results, actions, levels of activity, performance or achievements. Forward-looking statements are subject to risks and uncertainties that may cause the company's actual activities or results to differ significantly from those expressed in any forward-looking statement, including risks and uncertainties related to the company’s ability to achieve or sustain profitability; the company’s ability to predict its future prospects and forecast its financial performance and growth; the rate at which physicians and patients adopt and use the company’s balloon system; the effect of adverse events or other negative developments involving other companies’ intragastric balloons or other obesity treatments; the company’s ability to educate physicians on safe and proper use of the Obalon balloon system; the rate at which patients may experience serious adverse device events as the result of the misuse or malfunction of, or design flaws in, the company’s products; the company’s ability to obtain FDA approval or other regulatory approvals for its future products and product improvements; the company’s ability to adequately protect its proprietary technology and maintain its issued patents and other risks and uncertainties described under the heading "Risk Factors" in documents the company files from time to time with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this press release, and the company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.