SAN DIEGO, May 1 /PRNewswire-FirstCall/ -- Cardium Therapeutics (Amex: CXM) announced today that Richard A. Schatz, M.D., has joined its Scientific Advisory Board. Dr. Schatz is an early pioneer of coronary stent technology and is best known for the co-development of the first successful coronary stent, the Palmaz-Schatz stent. Dr. Schatz is Research Director of Cardiovascular Interventions at the Heart, Lung, and Vascular Center at Scripps Clinic in La Jolla, California. He is also active in gene and stem cell therapy research and teaches and lectures worldwide.
"We are very pleased to have Richard Schatz join our scientific advisory board," stated Christopher J. Reinhard, Chairman and Chief Executive Officer of Cardium. "Richard is not only a pioneer in the development of vascular stents but has been involved in landmark studies related to new therapies for treating cardiovascular disease. We look forward to benefiting from his expert insights and years of experience in the field of interventional cardiology as we move forward in the development of our lead product candidate, Generx, for the potential treatment of recurrent angina associated with coronary heart disease."
Cardium Therapeutics, Inc. and its subsidiaries, InnerCool Therapies, Inc. and the Tissue Repair Company, are medical technology companies primarily focused on the development, manufacture and sale of innovative therapeutic products and devices for cardiovascular, ischemic and related indications. Cardium's lead product candidate, Generx(TM) (alferminogene tadenovec, Ad5FGF4), is a DNA-based growth factor therapeutic being developed for potential use by interventional cardiologists as a one-time treatment to promote and stimulate the growth of collateral circulation in the hearts of patients with ischemic conditions such as recurrent angina. For more information about Cardium and its businesses, products and therapeutic candidates, please visit http://www.cardiumthx.com or view its 2007 Annual Report at http://www.cardiumthx.com/flash/pdf/CardiumAR07_Book_FINAL.pdf.
Cardium's InnerCool Therapies subsidiary is a San Diego-based medical technology company in the emerging field of patient temperature modulation therapy to rapidly and controllably cool the body in order to reduce cell death and damage following acute ischemic events such as cardiac arrest or stroke, and to potentially lessen or prevent associated injuries such as adverse neurological outcomes. For more information about Cardium's InnerCool subsidiary and patient temperature modulation, including InnerCool's Celsius Control System(TM), which has received regulatory clearance in the U.S., Europe and Australia, and the CoolBlue(TM) System, please visit http://www.innercool.com.
Cardium's Tissue Repair Company subsidiary (TRC) is a San Diego-based biopharmaceutical company focused on the development of growth factor therapeutics for the treatment of severe chronic diabetic wounds. TRC's lead product candidate, Excellarate(TM), is a DNA-activated collagen gel for topical treatment formulated with an adenovector delivery carrier encoding human platelet-derived growth factor-BB (PDGF-BB). Excellarate is initially being developed to be administered once or twice for the potential treatment of non-healing diabetic foot ulcers. Other potential applications for TRC's Gene Activated Matrix(TM) (GAM(TM)) technology include therapeutic angiogenesis (cardiovascular ischemia, peripheral arterial disease) and orthopedic products, including hard tissue (bone) and soft tissue (ligament, tendon, cartilage) repair. For more information about Cardium's Tissue Repair Company subsidiary, please visit http://www.t-r-co.com.
Except for statements of historical fact, the matters discussed in this
press release are forward looking and reflect numerous assumptions and
involve a variety of risks and uncertainties, many of which are beyond our
control and may cause actual results to differ materially from stated
expectations. For example, there can be no assurance that our scientific
advisors and other key personnel will effectively assist in the development
of our business or product candidates, that our products or product
candidates will prove to be sufficiently safe and effective or will not be
unfavorably compared to competitive products that may be regarded as safer,
more effective, easier to use or less expensive, that results or trends
observed in one clinical study will be reproduced in subsequent studies,
that third parties on whom we depend will behave as anticipated, or that
necessary regulatory approvals will be obtained. Actual results may also
differ substantially from those described in or contemplated by this press
release due to risks and uncertainties that exist in our operations and
business environment, including, without limitation, our limited experience
in the development, testing and marketing of therapeutic hypothermia
devices and whether our efforts to launch new devices and systems will be
successful or completed within the time frames contemplated, risks and
uncertainties that are inherent in the conduct of human clinical trials,
including the timing, costs and outcomes of such trials, our dependence
upon proprietary technology, our history of operating losses and
accumulated deficits, our reliance on collaborative relationships and
critical personnel, and current and future competition, as well as other
risks described from time to time in filings we make with the Securities
and Exchange Commission. We undertake no obligation to release publicly the
results of any revisions to these forward-looking statements to reflect
events or circumstances arising after the date hereof.
Cardium Therapeutics(TM) and Generx(TM) are trademarks of Cardium
Therapeutics, Inc. Gene Activated Matrix(TM), GAM(TM) and Excellarate(TM) are trademarks of
Tissue Repair Company.
InnerCool Therapies(R), InnerCool(R), Celsius Control System(TM), RapidBlue(TM), CoolBlue(TM) and Accutrol(TM) are trademarks of InnerCool
|SOURCE Cardium Therapeutics, Inc.|
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