Aerie Pharmaceuticals Announces Four Appointments

Aerie Pharmaceuticals, Inc. (NASDAQ:AERI), an ophthalmic pharmaceutical company focused on the discovery, development and commercialization of first-in-class therapies for the treatment of patients with open-angle glaucoma, retinal diseases and other diseases of the eye today announced the appointment of David Ellis, Ph.D., as Director, Chemistry, reporting to Mitchell deLong, Ph.D., Aerie's Vice President of Chemistry. Dr. Ellis will be responsible for advancing the Company's creation and optimization of new chemical entities to support the growth and advancement of Aerie's pipeline.

Dr. Ellis most recently held a related position at Novartis. Aerie also announced the appointments of Angela Justice as Western Regional Director, Medical Science Liaison and Brian Sakurada, PharmD, Director, Scientific Market Access, both reporting to Welyn Bui, PharmD, Aerie's Vice President of Medical Affairs. Ms. Justice will be responsible for leading a regional team of Medical Science Liaisons engaged in developing relationships with medical experts in the field of glaucoma to ensure a fair and balanced exchange of scientific, clinical and medical information. Ms. Justice most recently held a related position at Sun Pharmaceuticals. Dr. Sakurada will be responsible for further developing the medical affairs strategy including delivery of evidence-based scientific information and outcome-based information to national and regional payer accounts.

Dr. Sakurada most recently held a related position at Intarcia Therapeutics. Aerie also announced the appointment of Karisma Sharma as Vice President, Human Resources, reporting to Kathy McGinley, Aerie's Vice President of Human Resources and Corporate Services. Ms. Sharma will be responsible for leading the strategic human resources effort to recruit, develop and retain employees in the United States. Ms. Sharma previously held related positions in both healthcare and technology companies.

In connection with their acceptance of their positions, Dr. Ellis, Ms. Justice, Dr. Sakurada and Ms. Sharma will receive combined awards totaling 87,260 stock options and 2,000 shares of restricted stock. The stock options will vest over 4 years, with 25% vesting on the first anniversary of the hire date and the remainder vesting ratably on each of the subsequent 36 monthly anniversaries of the hire date; the restricted stock will vest over a period of 4 years in four equal annual installments on each anniversary of the hire date. This award was made outside of Aerie's stockholder-approved equity incentive plan and was approved by the Company's independent directors as inducements material to Dr. Ellis, Ms. Justice, Dr. Sakurada and Ms. Sharma entering into employment with the Company in reliance on NASDAQ Listing Rule 5635(c)(4), which requires this public announcement.

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