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SemBioSys announces senior management changes
Date:1/12/2009

nce in various roles as a Chartered Accountant, management consultant and an executive. Prior to joining SemBioSys, Mr. Szarko provided consulting and financial management services to early stage growth companies primarily in the technology area. He also held a senior position with a large public company. Mr. Szarko began his career at PricewaterhouseCoopers LLP where he advanced to the position of senior manager which included a three year international assignment. Mr. Szarko is currently a member of the Advancement Committee to the Board of Governors of the University of Lethbridge and has served on various boards and committees in both the profit and non-profit sectors.

"We believe with insulin and Apo AI that we have only begun to exploit the proprietary protein production platform that we have developed at SemBioSys. We recognize that it represents a major breakthrough in the production of high volume pharmaceutical products at a low cost and enables the development of molecules that would be uneconomical in other systems," said James Szarko, CA, newly appointed president and chief executive officer of SemBioSys. "We have also built a phenomenally talented team at all levels of the organization, which will enable us to succeed in these difficult markets and economic times. We shall focus our efforts on fiscal prudence and achievement of near-term development and clinical milestones within our insulin and Apo AI programs. This will enable us to partner these programs and initiate new programs to build the Company's pipeline."

"With the initiation of our clinical trial for plant-produced insulin and the progress we made at SemBioSys with MannKind, Inc. on the business development front, now is the appropriate time for me to transition to Botanceo full-time. I am excited by the opportunity to apply my entrepreneurial skills to build a strong team and grow the oilbody business at Botaneco which I believe has great potential upside to offe
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SOURCE SemBioSys Genetics Inc.
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Related biology technology :

1. SemBioSys receives US$2.5 million from option agreement with MannKind for plant-produced insulin
2. SemBioSys begins phase I/II trial of insulin produced in plant seeds
3. SemBioSys eligible to proceed with Phase I/II plant-produced insulin trial after submission of IND
4. SemBioSys announces second quarter 2008 financial and operational results
5. SemBioSys submits IND for safflower-produced insulin to U.S. FDA
6. SemBioSys Demonstrates Functionality of its Safflower Produced Apo AI(Milano)
7. SemBioSys to present at the Needham & Company Biotechnology and Medical Technology Conference
8. SemBioSys provides update on shrimp feed additive, Immunosphere(TM)
9. SemBioSys announces first quarter 2008 financial and operational results
10. SemBioSys receives milestone payments from AVAC Ltd.
11. SemBioSys initiates toxicology study for safflower-produced insulin
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