BUENA, N.J., Jan. 26, 2018 (GLOBE NEWSWIRE) -- Teligent, Inc. (NASDAQ:TLGT), a New Jersey-based specialty generic pharmaceutical company, announced today that Damian Finio has been appointed Chief Financial Officer of Teligent, Inc., effective February 5, 2018. Mr. Finio is currently the CFO of Virtus Pharmaceuticals, Inc., and will succeed Jenniffer Collins, who is leaving Teligent to pursue personal and professional opportunities and has agreed to stay on through May in a transitional capacity. “I’m very pleased that Damian has agreed to join Teligent as its CFO; he is a seasoned CFO with outstanding expertise in our healthcare business,” said Jason Grenfell-Gardner, Teligent’s President and Chief Executive Officer.

Mr. Finio began his career at KPMG in 1991. In addition to his role at Virtus, Mr. Finio has held numerous senior financial roles in the healthcare industry, including nearly fourteen years at AstraZeneca Pharmaceuticals in addition to his experience at Daiichi Sankyo Pharma Development, West-Ward Pharmaceuticals, and Heritage Pharmaceuticals, Inc.

"We would like to thank Jenniffer for her dedicated service to Teligent, her role in transforming the Company and in building a strong finance organization. We wish her the very best in her professional endeavors and much continued success," said Mr. Grenfell-Gardner. “I look forward to working with Jenniffer through the transition period and closely with Damian as we further sharpen Teligent's strategy and operational focus."

About Teligent, Inc.

Teligent is a specialty generic pharmaceutical company. Our mission is to be a leading player in the specialty generic prescription drug market. Learn more on our website www.teligent.com.