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Afraxis Appoints Carmine Stengone President and Chief Executive Officer, and Christopher Rex, Ph.D., Chief Scientific Officer
Date:4/29/2013

SAN DIEGO, April 29, 2013 /PRNewswire/ -- Afraxis, Inc. today announced that it has appointed Carmine Stengone as the company's president and chief executive officer. The company has also appointed Christopher Rex , Ph.D. as chief scientific officer.

In his previous role as vice president of corporate development for Afraxis Holdings, Mr. Stengone led and executed a $187.5 million license agreement with Roche's subsidiary, Genentech.  After the transaction, Mr. Stengone helped establish Afraxis, Inc. as a spin-out from Afraxis Holdings.  Afraxis, Inc. is a start-up company focusing on its novel Enhanced Spine Platform (ESP) Technology which assesses complex neural networks to evaluate preclinical efficacy and safety of drug candidates in central nervous system (CNS) disorders. 

"Carmine is a rising young star in the life science industry with an impressive track record in negotiating and executing on licensing deals and alliances with major pharma partners, and using his experience, he will generate a pipeline of lucrative collaborations with companies that want to capitalize on Afraxis' ESP technology platform for their own drug discovery efforts." said Jay Lichter , Ph.D., chairman of Afraxis, and managing partner of Avalon Ventures. "Chris led the development of the ESP technology, and his expertise in central nervous system biology will be integral to further expanding the platform as a premiere preclinical drug discovery tool for companies interested in developing treatments for CNS disorders."

Mr. Stengone, 37, has more than 14 years of experience in the pharmaceutical and biotechnology industries, including positions in finance, strategic planning, corporate development, licensing, alliance management and venture funding. In addition to his role as CEO of Afraxis, Inc., Mr. Stengone also se
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SOURCE Afraxis, Inc.
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