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Fate Therapeutics Taps Successful Biotech CEOs Paul Grayson and John Mendlein for Leadership Team
Date:5/14/2008

New President/CEO and Executive Chairman Set Sights on Expanding Therapeutic Horizons of Revolutionary Approaches to Adult Stem Cell Biology

BOSTON, SAN DIEGO, SAN FRANCISCO and SEATTLE, May 14 /PRNewswire/ -- Paul A. Grayson and John Mendlein have joined Fate Therapeutics as president and CEO and executive chairman, respectively. Grayson and Mendlein join a team of internationally recognized stem cell scientists, clinicians and investors dedicated to creating best-in-class therapeutics based on a new and proprietary understanding of the role of adult stem cells in human physiology and disease. Both are seasoned executives with successful track records of translating revolutionary science discoveries into innovative drug opportunities and building world-class biotechnology teams and organizations.

Fate Therapeutics is a pioneer the emerging field of renewal therapies. Company scientists are redirecting the fate of the body's adult stem cells to enable Fate's therapies to intervene in human disease, aberrant physiology or damaged tissue with "renewed" cellular health. Fate's ground-breaking and proprietary therapeutic reprogramming engine is focused on understanding and guiding the fundamental biological mechanisms that determine the fate of cells to create new drugs that can advance and reverse the development of adult stem cells to restore the balance of cell fate between regeneration and decline. The company's renewal therapies have the potential to offer new hope to patients afflicted with some of the most difficult to treat conditions including degenerative diseases such as diabetes, Parkinson's and Alzheimer's Disease, ALS, heart failure, stroke and paralysis; developmental disorders including Down syndrome; and metastatic cancers. Fate's approach is designed to therapeutically use or redirect normal adult or somatic cells inside the human body and does not require embryonic stem cells from humans or any other animal.

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