Crescita Therapeutics™ Inc. Announces Acquisition of INTEGA Skin Sciences

Management Changes
Gregory Orleski, the former Chief Executive Officer of INTEGA, has been appointed Chief Executive Officer of Crescita effective September 1, 2016 and will become a member of the Crescita board of directors.  Mr. Orleski replaces Dan Chicoine as Chief Executive Officer.  Mr. Chicoine will remain as Crescita's Executive Chairman and member of the Company's board of directors.  "We are very pleased to welcome Greg to Crescita," said Mr. Chicoine.  "He has exemplary credentials and significant pharmaceutical experience and his vision for Crescita aligns with our plans to make it the premier skin care company in North America." 

Mario Laflamme has been appointed Crescita's new Chief Financial Officer effective September 6, 2016 replacing Stephen Lemieux who has resigned to pursue other opportunities.  Mr. Laflamme is a seasoned CFO with experience in both public and private companies.

Board of Director Changes
In addition to Mr. Orleski, Mr. Thomas Schlader will also be joining the Crescita board of directors. 

Management to Host Conference Call/Webcast
Management will host a conference call to discuss the transaction today (Thursday, September 1, 2016) at 11:00 a.m. ET.  To participate in the conference call, please dial 1 (888) 231-8191 or (647) 427-7450, reference number 74897643.  Please call in 15 minutes prior to the call to secure a line.  You will be put on hold until the conference call begins.

A taped replay of the conference call will be available two hours after the live conference call and will be accessible until September 8, 2016 by calling 1 (855) 859-2056 or (416) 849-0833, reference number 74897643.

A live audio webcast of the conference call will be available through www.crescitatherapeutics.com.  Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to hear the webcast.

About Gregory M.C. Orleski
Mr. Orleski brings over 25 years of international experience in the pharmaceutical industry that he gained in senior strategic/business development roles.  He worked on numerous company or asset acquisitions and managed, in different capacities, the development and commercialization of a wide range of healthcare products around the world.  Most recently, prior to joining INTEGA, Mr. Orleski was the Business Development Advisor to the CEO at Pharmascience Inc., prior to which he held senior roles with Abbott, Valeant and Merck.  Mr. Orleski is a graduate of McGill University and has served as a member of the Executive Committee of La Fondation de l'Hôpital Maisonneuve-Rosemont, the Advisory Committee of l'Hôpital Maisonneuve-Rosemont, and the Oversight Committee of the Montreal Neurological Institute.

About Thomas Schlader
Mr. Schlader brings 35 years of experience in the pharmaceutical and healthcare industry, gained in senior strategic roles including marketing, sales and business development.  He has worked on numerous company/asset acquisition integrations and managed, in different capacities, the development, launch and commercialization of a wide range of healthcare products in multiple therapeutic areas.  Mr. Schlader's most recent position was President of Valeant Canada, which under his leadership, grew to become one of the largest pharmaceutical companies in Canada focused on dermatology and skin care.  During his tenure at Valeant and in addition to his leadership of the Canadian affiliate, Mr. Schlader took responsibility for a year of Valeant's U.S. supply chain and neurology business.  Prior to Valeant, Mr. Schlader held senior marketing, sales and business development positions with Merck Frosst, the Quebec Government, Rhone Poulenc Rorer and IAF Biovac.  Mr. Schlader is a graduate of Laval University with a degree in Science. Mr. Schlader also served for 10 years on the Advisory Board to the MBA program at John Molson School of Business.

About Crescita Therapeutics Inc.
Crescita (TSX:CTX) is a publicly traded, Canadian drug development company that owns topical products for treating medical conditions in dermatology and pain. Crescita owns multiple proprietary drug delivery platforms that support the development of patented formulations that can facilitate the delivery of active drugs into or through the skin. Crescita's board of directors and management team have demonstrated success in building Crescita's predecessor company, Nuvo Research Inc., including developing multiple drugs that are now approved and commercialized and negotiating multiple licensing transactions. For additional information, please visit www.crescitatherapeutics.com.

Forward-Looking Statements
Certain statements in this press release constitute forward-looking information and/or forward-looking statements (collectively, forward-looking statements) within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to Crescita's future governance plans and the expected benefits of the transaction to Crescita's shareholders. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "should" or "plans", or similar expressions suggesting future outcomes or events. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by such statements. Factors that could cause such differences include, but are not limited to, general business and economic uncertainties and adverse market conditions; uncertainties related to Crescita's ability to realize the anticipated benefits of the acquisition; the expected future attributes and success of Crescita and INTEGA; the successful execution of Crescita's and INTEGA's priorities and strategies; the reliability of Nuvo Research's historical financial information as an indicator of Crescita's historical or future results; as well as other risk factors included in Nuvo Research's Management Information Circular dated December 31, 2015 (the Reorganization Circular) and the most recent Crescita Annual Information Form dated March 23, 2016 under the heading "Risks Factors", and as described from time to time in the reports and disclosure documents filed by Crescita with Canadian securities regulatory agencies and commissions. These and other factors should be considered carefully and readers should not place undue reliance on Crescita's forward-looking statements. As a result of the foregoing and other factors, no assurance can be given as to any such future results, levels of activity or achievements and none of Crescita, INTEGA or any other person assumes responsibility for the accuracy and completeness of these forward-looking statements. Although the forward-looking information contained in this press release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. The forward-looking statements contained herein are made as of the date of this press release and, except as required by applicable law, Crescita undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Crescita Therapeutics Inc.