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Champions Biotechnology Reports Additions to its Management Team
Date:10/28/2010

BALTIMORE, Oct. 28 /PRNewswire-FirstCall/ -- Champions Biotechnology, Inc. (OTC Bulletin Board: CSBR), a company engaged in the development of advanced preclinical platforms and tumor specific data to enhance the value of oncology drugs, today announced that Mr. Joel Ackerman has joined the management team as the Chief Executive Officer of the Company.  In addition, the Company announced that Dr. Ronnie Morris will join the management team as President of the Company; Dr. Morris will concentrate on the development and growth of the personalized medicine business, particularly the Company's Personalized Oncology Services.  Both Mr. Ackerman and Dr. Morris will join the company's Board of Directors.

Mr. Ackerman spent 15 years at Warburg Pincus, a leading private equity investment firm, from 1993 to 2008.  While at Warburg Pincus, he was a partner of the firm, a member of the executive management group and ran the healthcare services group.  He invested in start-ups and early-stage companies as well as later stage growth investments and management-led buyouts.  For most of these companies, Mr. Ackerman served on the board of directors and worked closely with the respective management teams on strategy, financing, M&A and organizational development.  Currently, Mr. Ackerman sits on the board of directors of Coventry Health Care, a publicly traded managed care company, and Kindred Healthcare, a publicly traded company that owns hospitals and nursing homes.  He is also Chairman of the Board of One Acre Fund, a non-profit microfinance organization in Western Kenya.  He received a BA in physics from Columbia University and an MA in physics from Harvard University.

Ronnie Morris, M.D. was most recently one of the founders of MDVIP, the national leader in personalized healthcare.  Serving as a board member, medical directo
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SOURCE Champions Biotechnology, Inc.
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