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ViaCyte Appoints Mark Foletta, former CFO of Amylin, to its Board of Directors
Date:12/19/2013

he clinic next year, we will be exploring the new strategic and/or financial transactions that will continue to fuel our growth.  Mark's many years as a senior finance executive, including 12 years in the biotechnology sector with a company focused on diabetes, will undoubtedly serve us well as we navigate our way to success."

"I am looking forward to working closely with the team at ViaCyte," said Mr. Foletta.  "VC-01 holds the promise of transforming the way patients with type 1 diabetes manage their disease.  In fact, if VC-01 performs in humans as it has in animal studies, it could effectively cure the disease for patients with type 1 diabetes and be an important new therapy for those patients with insulin-dependent type 2 diabetes as well.  It is an exciting time for the company and I am pleased to lend my expertise."

Fred Middleton, ViaCyte's Chairman of the Board said, "On behalf of the board and management of ViaCyte, I want to join Paul in welcoming Mark to the team."

ViaCyte has held productive meetings with the United States Food and Drug Administration (FDA) and Health Canada and is on track to file an Investigational New Drug (IND) Application to support the initiation of clinical evaluation of the VC-01 combination product in patients with diabetes in mid-2014. 

About ViaCyte

ViaCyte is a private company focused on developing a novel cell therapy for the treatment of diabetes. The Company's technology is based on the production of pancreatic beta cell progenitors derived from human pluripotent stem cells. These cells are implanted using a durable and retrievable encapsulation device. Once implanted and matured, these cells secrete insulin and other regulatory factors in response to blood glucose levels. ViaCyte's goal is long term insulin independence without immune suppression, and without risk of hypoglycemia and other diabetes-related complications.

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