Spectrum Pharmaceuticals Strengthens Commercial Operations; Spectrum Expects Fourth Quarter 2011 Revenues to Be Equal to or Greater Than Third Quarter 2011

Spectrum Pharmaceuticals

today announced the promotions of Rick Gonzalez to Senior Vice President, Commercial; Andrew W. Amstrup to the position of Vice President, Sales, and Glenn Ravelo to Vice President, Business Solutions. “The promotions of Rick, Andy and Glenn on our Commercial team will further strengthen our position and results in the marketplace,” said Jim Shields, Spectrum Pharmaceuticals' Senior Vice President and Chief Commercial Officer. “Each of these individuals has contributed significantly to our success and our ability to capitalize on current and future market opportunities in oncology and hematology.” “The promotions are intended to reward our commercial team for its successes in 2011 and are also crucial as we ramp up our commercial efforts for the future,” said Rajesh C. Shrotriya, MD, Chairman, Chief Executive Officer, and President of Spectrum Pharmaceuticals. “We expect to continue to grow sales for our two marketed drugs, FUSILEV® for advanced metastatic colorectal cancer, and ZEVALIN® for indolent non-Hodgkin's lymphoma. We currently expect our fourth quarter 2011 revenues to be equal to or greater than our third quarter 2011 revenues.” Rick Gonzalez joined Spectrum in March 2008 and has had increasing responsibilities leading teams within Spectrum's Commercial group. In his new position of Senior Vice President, Commercial, Mr. Gonzalez will be responsible for designing and leading all commercial strategies for marketed and late-stage products, including Sales, Commercial Operations, Business Solutions and Brand Management. His immediate focus is on the optimization of all resources within the commercial operation to ensure a successful launch of the ZEVALIN (ibritumomab tiuxetan) repositioning campaign and continued revenue growth from FUSILEV (levoleucovorin). Mr. Gonzalez will report directly to Jim Shields. Prior to joining Spectrum, Mr. Gonzalez was a founding member of the Abraxis Oncology commercial team, where he held positions in sales management, marketing and account management. Mr. Gonzalez has 20 years of experience in the pharmaceutical industry of which 14 have been in specialty markets, including Hematology/Oncology. Prior companies include GlaxoSmithKline, Roche Laboratories, Ligand Pharmaceuticals and Genzyme. Mr. Gonzalez earned his Bachelor of Science in Business Logistics from Penn State University.