NEW YORK, Jan. 7 /PRNewswire-FirstCall/ -- AngioGenex, Inc. (OTC Bulletin Board: AGGX), a New York-based biotechnology company, and the leader in Id targeted anti-angiogenic drug development, announced that its shareholders elected William Garland to the company's Board of Directors at its Annual Meeting. The company also announced that the newly elected Board met and chose founding Director Richard Salvador as its Chairman. As he assumes this new post, Dr. Salvador will continue to serve as acting President and Chief Executive Officer.
"Dr. Garland's knowledge of medicinal chemistry and drug development, as well as his experience with numerous successful early stage biotech companies makes him ideally suited to help guide the company during these pivotal times," said Michael Strage, Vice President for Business Development, who is stepping down as Chairman but will remain on the board. The incoming Chairman added: "After a very productive career at Hoffmann La Roche, Inc., Dr. Garland left to run research and development for a number of successful smaller companies such as Centaur Pharmaceuticals, Atairgin Technologies, Lpath, Inc., Tosk, and AngioGenex. During that time he has managed the successful development of many drugs from pre-clinical studies, through all phases of clinical testing, to regulatory approval. The Board will benefit greatly from his contributions." Following his election, Bill remarked, "The AngioGenex technology remains one of only a handful of truly innovative therapeutic approaches to cancer with breakthrough potential, and I look forward to working with Dick, Michael and the other Board members to accelerate transfer of this technology from the laboratory to the bedside."
AngioGenex, Inc. is actively engaged in the discovery, acquisition and
development of anti-cancer drugs that prevent the formation of new blood
vessels into tumors (angiogenesis) by inhibiting the action of either the
Id genes or proteins. The company'
|SOURCE AngioGenex, Inc.|
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