Izun nominates Mr. Oscar Schafer to the Izun board

May 31, 2012

Mr. Schafer is the Managing Partner of O.S.S. Capital Management LP, a private investment partnership which he co-founded in 2001. A well-respected Wall Street professional, he has been a longtime participant in the Barron’s Roundtable of top money managers.

Previously, Mr. Schafer was a Member of Cumberland Associates  and, prior to that, was a General Partner at Steinhardt Partners, which he joined in 1970 as an analyst  He earned a BA, Magna Cum Laude, at Harvard College in 1961 and an MBA at Harvard Business School in 1964. Mr. Schafer serves on the Board of Trustees of New York-Presbyterian Hospital.

He is President of the Schafer Family Foundation, which supports the arts and social service organizations.  He serves on the Executive Committee of the University Club and is on the Board of the New York Philharmonic, which he serves as chairman of the nominating committee.  Mr. Schafer brings a wealth of corporate healthcare experience to Izun Pharma and will provide critical guidance as Izun transitions from a research and development company into a functional corporate entity.