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Company: Sirtris, a GlaxoSmithKline Company, Kittery Point, ME Entry Submitted By: Pure Communications, Inc. Company Description: Sirtris is a pioneer in the discovery and development of proprietary sirtuin-modulating drugs that may increase longevity by averting diseases associated with aging, such as Type 2 diabetes and cancer. Sirtis’ drug candidates are designed to mimic certain beneficial health effects of calorie restriction by activating sirtuins, a recently discovered class of enzymes involved in the aging process. Nomination Category: Individual Categories Nomination Sub Category: Best Executive – Non-Services Businesses – up to 100 Employees
Nomination Title: Michelle Dipp, M.D., Ph.D., Sr. Director Corporate Development, Sirtris, a GSK Company
1. Describe for the judges the activities and accomplishments of the nominated executive during the eligibility period (up to 500 words):
Michelle Dipp, M.D., Ph.D., a 31-year old dynamo, is already leading an accomplished career in medicine and biotechnology. Dr. Dipp was a founding employee and currently is the Vice President of Corporate Development at Sirtris, a GSK company, where her efforts during this past year culminated with the June 5, 2008 acquisition of then-named Sirtris Pharmaceuticals, Inc. by pharmaceutical giant, GlaxoSmithKline (GSK). While many Sirtris senior executives and board members contributed to and helped steer the successful completion of this transaction, a “darling” deal in the eyes of Wall Street, the opportunity was the brainchild of the bright and strategically creative doctor and mid-level executive, Michelle Dipp, who led the therapeutic area analysis for Sirtris’ lead product candidate, SRT501. This orally available small molecule, currently being tested in diabetic patients, is Sirtris’ proprietary and potent formulation of resveratrol, the substance found naturally in red wine that has been shown to offer important health benefits.
Sirtris’ employees and investors alike were satisfied with the $720 million cash acquisition of the Company by GSK priced at $22.50 per share – an 84% premium to the $12.23 share price on the day preceding the tender offer announcement, and a 125% premium to Sirtris Pharmaceuticals’ May 2007 initial public offering price of $10 per share.
This key industry success, in which Dr. Dipp played a leading role, is an example of how she, as a senior director, fearlessly lives and breathes the unique Sirtris culture that she helped to create and that she continues to inspire, by encouraging creativity and prioritizing the Company’s highest values: People, Excellence, Trust, Respect and Urgency.
Under her Corporate Development title, Dr. Dipp wears many hats, overseeing business development, investor relations and public relations. She has been a force behind many major media placements for Sirtris – achieving remarkable visibility for a small biotech company – including the inclusion of Sirtris on Barbara Walters’ ABC special, “Live to 150…Can You Do It?”, which aired April 1, 2008. As a key spokesperson for Sirtris, Dr. Dipp is often quoted in industry articles as well; she is featured prominently in the April 24th edition of BioWorld, addressing core strengths and benefits of the then-proposed acquisition of Sirtris by GSK (see supporting documents).
Beyond her “executive” skill set, Dr. Dipp is trained as a surgeon and practiced medicine prior to joining Sirtris. With no formal financial or marketing training, her natural enthusiasm and focus have led to remarkable “on the job” success, worthy of nomination for The Stevie Awards’ Executive of the Year.
2. List the URLs (web addresses) of any online news stories, press releases, or other documents that you would like the judges to see that support your entry. IMPORTANT: List each URL on a separate line, begin each URL with http://, and enclose each URL in square brackets. For example, [http://www.yourcompany.com/pressrelease.html]:
http://www.sirtrispharma.com/pdfs/BioWorld.pdf
http://abcnews.go.com/health/longevity
The BioWorld link is to a leading industry trade newletter. Dr. Dipp is quoted extensively in this cover story.
The abcnews link is to the Barbara Walters special on aging. The "red wine" segment is the relevant one.
3. Provide a brief biography of the nominated executive (up to 100 words):
Dr. Michelle Dipp is the Vice President of Corporate Development for Sirtris, a GSK company. Prior to joining Sirtris, she worked in healthcare private equity at The Wellcome Trust, London. Dr. Dipp did her Post-Doctoral Research in the Departments of Pharmacology and Cardiothoracic Surgery, John Radcliffe Hospital, Oxford, and has published several papers in peer-reviewed journals. She holds an M.D. and a Ph.D. in Pulmonary Physiology from the University of Oxford.
Dr. Dipp teaches ballet and rowing to underprivileged children through Kids Enjoy Exercise New (KEEN), and helped start Doctors for Africa, a non-profit organization in the U.K.
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