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Avaxia Biologics, Inc. Closes $4.1 Million Series A Financing to Advance Oral Antibodies for Inflammatory Bowel Disease
Date:2/14/2012

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Subsequent to the closing of the Series A financing, Mr. Henry Kay, an active member of Boston Harbor Angels and Launchpad Venture Group, has joined the Avaxia board. Additionally, Mr. Jonathan Fleming has decided to retire from the board of directors of the company following the successful closure of this financing.  The company expresses its great appreciation to Mr. Fleming for his contributions during the company's most formative period.  Dr. Fox commented, "Jonathan has made major contributions to the company as we evolved from concept to a fully functioning biotech company.  We will miss Jonathan's enthusiasm, his wise mentoring and his personal commitments to Avaxia.  Our progress owes much to his active participation in all aspects of our operations and we thank him for his unwavering support."   

About Henry Kay:  Mr. Kay is the U.S. partner of Medica Venture Partners.  He retired from Boston Scientific in 2006, where he was Group Vice President of New Market Development / Strategic Planning, Endosurgery Boston Scientific Corporation.  Mr. Kay's career spans over 35 years of experience in the pharmaceutical industry in roles which include R&D, International Marketing, Regulatory Affairs, and Strategic Planning.  Mr. Kay is a fellow of the Royal Society of Medicine (UK) and serves on the boards of several start-up health care companies, including Smart Cells (sold to Merck in 2006), Cool Systems, Wadsworth Medical, and Cannuflow.  

About Avaxia Biologics, Inc.:  Avaxia Biologics (www.avaxiabiologics.com) is a development stage company developing oral antibody therapeutics that act locally within the gastrointestinal tract. The antibodies are designed to treat both diseases of the GI tract and metabolic diseases. Using its proprietary antibody platform, Avaxia is developing products for inflammatory bowel disease, GI
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SOURCE Avaxia Biologics, Inc.
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