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Executive Changes at Ampio
Date:1/9/2012

gen, improved the relationship with the FDA, hired an accomplished management team, re-introduced the upgraded company to Institutional Investors and received FDA permission to proceed with a clinical trial of the company's lead product.  Having positioned the company for a successful future, Mr. Macaluso removed himself as CEO in September 2004 to make way for a more conventional CEO with pharmaceutical background leaving Isolagen with a market capitalization in excess of $300,000,000, more than $100,000,000 in cash and equivalents, an FDA sanctioned pivotal trial underway, a highly-institutionalized float and with three autologous cell laboratories constructed in England, Australia, and the United States ready for commercialization of the product.  Revenues had begun in the UK."

Dr. David Bar-Or, founder, Director and Chief Scientific Officer of Ampio, noted "For over three decades I was involved in research in underserved areas of medicine. I founded DMI BioSciences  and was able to perform substantial research and discovery in that company, but the business did not thrive. This all changed when I was introduced to Mr. Macaluso who became the lead investor and the driving force in transforming my discoveries into Ampio Pharmaceuticals Inc., a rapidly developing pharmaceutical business with active clinical trials of my lead drug discoveries.  To accomplish this transformation he has worked tirelessly over the last 30 months, without compensation, and made sure that all the DMI shareholders would benefit significantly from the future success of the company. In that respect, and in all his other actions, he has been remarkably fair and generous.  I am proud to be associated with this talented business person whose clear missions are to reward the shareholders and commercialize much needed remedies to many sufferers."

About Ampio
Ampio Pharmaceuticals, Inc. develops innovative proprietary drugs for metabolic disease,
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SOURCE Ampio Pharmaceuticals, Inc.
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