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The Board of Directors of Kinex Pharmaceuticals Appoints Dr. David Hangauer as Chief Scientific Officer
Date:5/17/2011

icals Inc., Yuhan Corporation, Periodontix, Inc., ICAgen, Inc., ARPIDA, Scientific Advisory Board & Founding Scientist, Suntory Pharmaceuticals Research Laboratories and Signal Pharmaceuticals, Inc. Most notably he led the chemistry effort at Hypnion, Inc., that resulted in the discovery and development of an insomnia drug.  The Company was sold to Eli Lilly in 2009 for more than $300 million and its major asset was the insomnia drug that was designed and discovered under the leadership of Dr. Hangauer.

Dr. Allen Barnett, President Emeritus, states, "David well deserves this recognition. He is indeed the soul of Kinex Pharmaceuticals' discovery programs. I am delighted to have the opportunity to continue supporting David and his scientific programs and I am confident that he is going to make many more major discoveries in the years to come."

Dr. Rudolf Kwan, Chief Medical Officer, states, "David is a great scientist to work with. He can translate complex scientific questions into simple solutions. He also understands the clinical needs and is helping the clinical team to shape the development programs."

Dr. David Hangauer states, "Kinex Pharmaceuticals has evolved nicely, thanks to all of the members of the management team. I am proud to be part of this innovative team and will continue my efforts to assist the Company in discovering more novel therapies for important unmet medical needs.  Kinex will prosper as a business by focusing our efforts on the discovery and development of novel drugs that provide major benefits to patients, and it is this contribution to humanity that provides the most satisfaction for scientists such as me."

About Kinex Pharmaceuticals, LLC

Kinex Pharmaceuticals, headquartered in Buffalo, New York, USA, is using its proprietary technologies Mimetica™ and Opal™ to discover and develop novel drugs for oncology and immune-modulatory diseases.  More information of Kinex P
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SOURCE Kinex Pharmaceuticals, LLC
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