Aerie Pharmaceuticals Names Craig R. Skenes as Vice President, Business Development

Aerie Pharmaceuticals, Inc. (NASDAQ:AERI), a clinical-stage pharmaceutical company focused on the discovery, development and commercialization of first-in-class glaucoma therapies, today announced that Craig R. Skenes has been named to the newly established position of Vice President, Business Development at Aerie, reporting directly to Vicente Anido, Jr., Ph.D., Chairman and Chief Executive Officer. Mr. Skenes has more than two decades of experience in the healthcare industry, having held senior business development leadership positions within ophthalmology and biopharma firms. He will be responsible for managing Aerie’s business development activities as the Company continues to progress its lead product candidates through advanced-stage clinical development. His appointment at Aerie is effective immediately.

Most recently, Mr. Skenes served as Senior Director, Business Development at Santen Pharmaceuticals, a global pharmaceutical company specializing in ophthalmology and rheumatology. During his tenure, he played a lead role in securing several corporate and product transactions, including with Akorn, Inc. and Tracon Pharmaceuticals, as recent examples. Prior to this, Mr. Skenes was Director, Business Development at ophthalmology company ISTA Pharmaceuticals, where he was responsible for executing license agreements at all stages of development, and managing collaborations with ISTA’s international partners. Previously, he held business development positions at Gilead Sciences and Watson Pharmaceuticals. Mr. Skenes received his B.S. and M.B.A. degrees from California State University at Fullerton.

“Craig’s extensive business development expertise, particularly in ophthalmology, will be a great asset for us as we chart the next stage in Aerie’s growth and our strategic partnering options,” said Dr. Anido. “Our lead product candidates, Rhopressa™, entering Phase 3 testing, and Roclatan™, completing Phase 2b, are highly differentiated therapies, and we believe we have the opportunity to generate substantial interest for these products among potential collaborators.”

“This is an opportune time to join Aerie in a business development role. I believe Aerie has a highly accomplished and dynamic leadership team and promising product candidates addressing clear and substantial market needs,” said Mr. Skenes. “I look forward to contributing to Aerie’s efforts and further expanding the Company’s profile within the ophthalmology sector.”

About Aerie Pharmaceuticals

Aerie is a clinical-stage pharmaceutical company focused on the discovery, development and commercialization of first-in-class glaucoma therapies. The Company is preparing for two Phase 3 registration trials in the U.S. where the primary efficacy endpoint will be to demonstrate non-inferiority of IOP lowering for Rhopressa™ (dosed once daily and twice daily) compared to timolol (dosed twice daily), along with a third safety-only trial in Canada. The Company is also currently executing a Phase 2b clinical trial where the primary efficacy endpoint is to demonstrate superiority of Roclatan™ to each of its components.

Forward-Looking Statements

This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We may, in some cases, use terms such as "predicts," "believes," "potential," "proposed," "continue," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "will," "should" or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: the success, timing and cost of our ongoing and anticipated preclinical studies and clinical trials for our current product candidates, including statements regarding the timing of initiation and completion of the studies and trials; our expectations regarding the clinical effectiveness of our product candidates and results of our clinical trials; the timing of and our ability to obtain and maintain U.S. Food and Drug Administration or other regulatory authority approval of, or other action with respect to, our product candidates; our expectations related to the use of proceeds from our initial public offering; our estimates regarding anticipated capital requirements and our needs for additional financing; the potential advantages of our product candidates; and our ability to protect our proprietary technology and enforce our intellectual property rights. By their nature, forward-looking statements involve risks and uncertainties because they relate to events, competitive dynamics and industry change, and depend on regulatory approvals and economic circumstances that may or may not occur in the future or may occur on longer or shorter timelines than anticipated. We discuss many of these risks in greater detail under the heading "Risk Factors" in the quarterly and annual reports that we file with the Securities and Exchange Commission (SEC). Forward-looking statements are not guarantees of future performance and our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate may differ materially from the forward-looking statements contained in this press release. Any forward-looking statements that we make in this press release speak only as of the date of this press release. We assume no obligation to update our forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.

Contacts:

Aerie Pharmaceuticals
Richard Rubino, 908-470-4320
rrubino@aeriepharma.com
or
Burns McClellan, Inc. on behalf of Aerie Pharmaceuticals
Angeli Kolhatkar – Investors
akolhatkar@burnsmc.com
Justin Jackson – Media
jjackson@burnsmc.com
Both: 212-213-0006

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