Discovery Laboratories Inc. announced the appointment of a new Chief Executive Officer. Craig Fraser has been appointed as the company's President and Chief Executive Officer, effective immediately. Mr. Fraser has also been elected to the company's board of directors.

Mr. Fraser succeeds John G. Cooper who is leaving the company to pursue other interests. Mr. Fraser brings to Discovery Labs over 25 years of progressive leadership experience, as well as expertise in advancing pipeline products and building global brands and businesses. Prior to joining Discovery Labs, Mr. Fraser held a number of leadership positions at several biotechnology and pharmaceutical companies, most recently as Chief Operating Officer at Aegerion Pharmaceuticals Inc.