Pieris Reports Development Progress for Anticalin(R) PRS-050, a Next Generation VEGF ...(Serono he obtained his researchmanagemen...),Health

Date:2/3/2009

Serono, he obtained his research management experience during four years as Group Leader in discovery at Xerion Pharmaceuticals AG, and more recently while responsible for key external collaborations at Pieris. Dr Jensen has a background in chemistry and holds a PhD in molecular biology from the University of Aarhus, Denmark.

Commenting on these developments at Pieris, Evert Kueppers, Chief Executive Officer, stated: "I am delighted to welcome Kristian to head up research activities at Pieris. With his extensive experience in the discovery and development of biologics, together with his knowledge of the demands of product-focused biopharmaceutical companies, he will provide invaluable research direction to both our partnered and proprietary Anticalin(R) programs."

Kristian Jensen commented further: "Pieris has made remarkable progress over the past three years and together with its current financial strength, offers an exciting opportunity to further develop the Anticalin(R) portfolio, thereby combining conventional antibody advantages with key features of small molecule drugs."

About Pieris AG

Pieris is a biopharmaceutical company engaged in the discovery and development of Anticalins(R), a novel class of targeted human proteins designed to diagnose and treat serious human disorders.

About Anticalin(R) Technology

Anticalins(R) are engineered binding proteins derived from the scaffold of natural human lipocalins. Anticalins are selected to have prescribed binding properties with selectivity and affinity fundamentally similar to that of monoclonal antibodies. Being human in origin, Anticalins are predicted to have minimal immunogenicity in man. Furthermore, compared to conventional antibodies Anticalins benefit from their small size (20 kDa), robust physicochemical properties and simple composition that together allow highly soluble and stable products to be ma
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SOURCE Pieris AG Copyright©2009 PR Newswire. All rights reserved

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