Avet Pharmaceuticals announced that George Svokos has been appointed the Company's President and Chief Executive Officer. Svokos will also continue to serve as an executive member of Avet's Board of Directors.

George Svokos joins Avet after serving as a strategic business advisor to numerous global healthcare companies, including Emcure, one of India's leading pharmaceutical companies and the parent company of Avet. Prior to that, Svokos served as Chief Operations Officer and Chief Commercial Officer at Albany Molecular Research, Inc. (now known as Curia), a leading global provider of advanced contract research, development and manufacturing services. Mr. Svokos also spent nearly 35 years at Teva Pharmaceutical Industries Ltd. in a number of senior leadership roles. George has BS in Chemical Engineering from Columbia University and and MBA from the University of Missouri.

"George Svokos is an industry veteran with deep and varied experience in the global pharmaceutical industry and specific expertise in the US generic market, all of which will be an asset to our team at Avet," said Marvin Samson, Chairman of the Board of Directors at Avet. "The Board of Directors is confident that George's leadership, vision and track record for operational excellence will drive forward Avet's business and our aspiration to serve as a leader in bringing generic medications to patients in the U.S. market."

"It is an exciting time to take on a leadership role at Avet, as the Company prepares to launch new products and expand its operations to serve more customers and create new partnerships," said George Svokos. "The demand for generic pharmaceuticals in the U.S. continues to grow, and Avet is well-placed to serve as a major player in helping patients get access to the affordable and quality medicines that Avet provides. I am excited to work with the employees of Avet team. Together we will take the company to a new level."