Dr Ashton joined pSivida in December 2005 following the acquisition of Control Delivery Systems where he was co-founder, president, CEO, and a member of the board of directors.
Dr Ashton was named managing director of pSivida in January 2007 and currently serves on the company’s board of directors.
David Mazzo, non-executive chairman of pSivida, said: “The board of directors is confident in Paul’s ability to continue to provide strategic leadership and vision as the company advances its portfolio of drug delivery products.”