RegeneRx Appoints R. Don Elsey to Board of Directors
02 Setembro 2010 - 8:00AM
Business Wire
RegeneRx Biopharmaceuticals, Inc. (NYSE Amex:RGN) (“the
Company” or “RegeneRx”) today announced that R. Don Elsey has been
appointed to the Company’s board of directors, effective September
1. Mr. Elsey will serve on the compensation and audit committees of
the board of directors.
Mr. Elsey is senior vice president finance & administration
and chief financial officer of Rockville, Md.-based Emergent
BioSolutions (NYSE: EBS), which he joined in 2005 as vice president
of finance and treasurer. Prior to Emergent, Mr. Elsey served as
the director of finance and administration at IGEN International,
Inc., a biotechnology company, and its successor BioVeris
Corporation, from April 2000 to June 2005. Prior to joining IGEN,
Mr. Elsey served as director of finance at Applera, a genomics and
sequencing company from 1998 to 2000. He began his career at
International Business Machines, Inc. in 1981, holding several
finance positions of increasing responsibility until moving to
Applera. He was significantly involved in major transactions
involving Applera’s formation of Celera Genomics and IGEN’s sale to
Roche Diagnostics.
Mr. Elsey received an M.B.A. in finance and a B.A. in economics
from Michigan State University and is a certified management
accountant.
Commenting on his appointment, Mr. Elsey said, “I believe that
RegeneRx has an exciting future as it develops its product
pipeline, including clinical programs for large patient indications
such as heart attack and multiple sclerosis and for orphan diseases
such as the debilitating skin disease epidermolysis bullosa. In
addition, the body of research on this peptide is large and
growing, as potential new indications hold promise for treating
stroke and traumatic brain injury. I’m very pleased to be joining
the Company’s board at this time,” he added.
Allan L. Goldstein, Ph.D., chairman of the board of directors of
RegeneRx said, “Don’s broad experience in the biotechnology
industry will be instrumental in advising us on financial matters
related to achieving our strategic objectives as well as helping
guide us as we pursue government grants and contracts in the
future. We are thrilled that he has agreed to serve on our
board.”
About Tβ4
Tβ4 is a synthetic version of a naturally occurring peptide
present in virtually all human cells. It is a first-in-class
multi-functional molecule that has been shown in pre-clinical
studies to promote endothelial cell differentiation and migration
in the heart and central nervous system, promote angiogenesis in
dermal and cardiac tissues, increase keratinocyte migration and
collagen deposition, and decrease inflammation by down-regulating
inflammatory cytokines. RegeneRx has identified several molecular
variations of Tβ4 that may affect the aging of skin, among other
properties, and could be important candidates as active ingredients
in pharmaceutical and consumer products. Researchers at the
National Institutes of Health and various academic researchers
throughout the world have published numerous scientific articles in
high impact journals indicating Tβ4’s in vitro and in vivo efficacy
in accelerating wound healing and tissue protection and
regeneration under a variety of conditions. Abstracts of scientific
papers related to Tβ4’s mechanisms of action can be viewed at
www.regenerx.com.
About RegeneRx
Biopharmaceuticals, Inc.
RegeneRx is focused on the development of a novel therapeutic
peptide, Thymosin beta 4, or Tβ4, for tissue and organ protection,
repair and regeneration. Currently RegeneRx has three products
in clinical development. RGN-352 is an injectable formulation to
treat cardiovascular and central nervous system diseases, as well
as other medical indications. RegeneRx has successfully completed a
Phase 1 clinical trial with RGN-352. RGN-259 is a sterile,
preservative-free topical eye drop for ophthalmic indications.
RegeneRx is currently supporting a physician-sponsored Phase 2 dry
eye study evaluating RGN-259. RGN-137, a topical gel formulation,
is currently being evaluated by RegeneRx in a Phase 2 clinical
trial for the treatment of epidermolysis bullosa. Other potential
uses for RGN-137 include the treatment of chronic dermal wounds and
reduction of scar tissue. Based on strong efficacy data in
pre-clinical studies, RegeneRx is initially targeting RGN-352 for
the treatment of patients who have suffered an acute myocardial
infarction, or heart attack. In addition to this indication, recent
pre-clinical efficacy data suggests that RGN-352 may also benefit
patients with multiple sclerosis and stroke. RegeneRx also has a
preclinical product candidate, RGN-457, which is an inhaled
formulation targeting cystic fibrosis and other pulmonary diseases.
In addition to the four pharmaceutical product candidates described
above, RegeneRx is pursuing the commercial development of peptide
fragments of Tβ4 for potential cosmeceutical use. RegeneRx holds 75
issued patents and has 261 patent applications pending worldwide
related to its products and holds an exclusive worldwide license
for Tβ4 from the National Institutes of Health.
Forward-Looking
Statements
Any statements in this press release that are not historical
facts are forward-looking statements made under the provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties that
could cause actual results to be materially different from
historical results or from any future results expressed or implied
by such forward-looking statements. You are urged to consider
statements that include the words “project,” “believe,”
“anticipate,” “plan,” “expect,” “estimate,” “intend,” “should,”
“would,” “could,” “will,” ”may,” “potential” or the negative of
those words or other similar expressions words to be uncertain and
forward-looking. Factors that may cause actual results to differ
materially from any future results expressed or implied by any
forward-looking statements include the risks and uncertainties
inherent in our business, including, without limitation the risk
that our product candidates do not demonstrate safety and/or
efficacy in future clinical trials; risks related to our ability to
obtain financing to support our operations on commercially
reasonable terms; the progress, timing or success of our clinical
trials; difficulties or delays in development, testing, obtaining
regulatory approval for producing and marketing our product
candidates; regulatory developments; the size and growth potential
of the markets for our product candidates and our ability to serve
those markets; the scope and validity of patent protection for our
product candidates; competition from other pharmaceutical or
biotechnology companies; and other risks described in the Company’s
filings with the Securities and Exchange Commission (“SEC”),
including those identified in the “Risk Factors” sections of the
annual report on Form 10-K for the year ended December 31, 2009,
filed with the SEC on March 31, 2010, and the quarterly report on
Form 10-Q for the quarter ended June 30, 2010, as well as other
filings it makes with the SEC. Any forward-looking statements in
this press release represent the Company’s views only as of the
date of this release and should not be relied upon as representing
its views as of any subsequent date. The Company anticipates that
subsequent events and developments may cause its views to change,
and the Company specifically disclaims any obligation to update
this information, as a result of future events or otherwise, except
as required by applicable law.
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