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Triangle Business Journal Names Tim Gupton a Top CFO

RALEIGH, N.C. (July 15, 2009) – Tim Gupton, partner at Hughes Pittman & Gupton, LLP (, the largest CPA firm headquartered and staffed in the Research Triangle Park region of North Carolina, has been named a 2009 CFO of the Year by Triangle Business Journal. During the inaugural luncheon on July 14, 2009, Gupton was honored for his work on behalf of AlphaVax Inc. and CoLucid Pharmaceuticals Inc.

Gupton manages the day-to-day financial activity, budgeting and financial reporting at AlphaVax and CoLucid. His key role is to focus the financial forecasting and finance resources with the strategic direction of the companies. He has seen AlphaVax through five rounds of international investor backing and $100 million of NIH grants and corporate collaborations. In addition, Gupton has guided Colucid through two rounds of venture financing. Both companies have products in Phase 2 clinical trials.

“I’m grateful to be recognized by Triangle Business Journal for doing what I love,” says Gupton. “The work I do can be challenging, but it is incredibly rewarding. I have had the honor of serving as start-up CFO for seven biopharmaceutical companies during the past 16 years. Two are public companies and one was sold to a public CRO.”

The Triangle Business Journal CFO of the Year Awards honored 21 financial executives for their work in helping Triangle companies excel. A panel of independent judges selected the recipients from more than 70 nominations.

About Hughes Pittman & Gupton, LLP (HPG):

HPG is the largest CPA firm headquartered and staffed in the Research Triangle Park region of North Carolina, as ranked by the Triangle Business Journal. Furthermore, Business Leader magazine ranked HPG as the fifth most successful small business in North Carolina in 2008. HPG is able to provide national and global accounting resources to its clients through the CPAmerica firm network of 701 offices worldwide. HPG offers a wide array of business accounting, auditing, corporate tax, and management advisory services. Specialties include serving owner-managed, investor-backed technology and life science, healthcare services, real estate development, manufacturing and distribution businesses, and providing ERISA audits, family wealthcare services and Sarbanes-Oxley internal audit services. More than just an accounting firm, HPG assists clients in looking beyond the bottom line by being the right people, right value and right firm to achieve each client’s definition of success. Visit