Orgenesis Inc. Appoints Biotech Veteran to Board of Directors
April 17 2012 - 8:00AM
Marketwired
Orgenesis Inc. (OTCBB: ORGS) ("Orgenesis" or
the "Company"), a development stage company with a novel
therapeutic technology dedicated to convert a patient's own liver
cells into functional insulin-producing cells as a treatment for
diabetes, is pleased to announce the appointment of Mr. Guy Yachin
to its Board of Directors.
Mr. Yachin is the CEO of NasVax Ltd., a company focused on the
development of improved immunotherapeutics and vaccines. Prior to
joining NasVax, Guy served as CEO of MGVS; a cell therapy company
focused on blood vessel disorders, leading the company through
clinical studies in the USA and Israel, financial rounds, and a
keystone strategic agreement with Teva Pharmaceuticals. He was CEO
and founder of Chiasma Inc., a biotechnology company focused on the
oral delivery of macromolecule drugs, where he built the company's
presence in Israel and the USA, concluded numerous financial
rounds, and guided the company's strategy and operation for over
six years. Earlier he was CEO of Naiot Technological Center, and
provided seed funding and guidance to more than a dozen biomedical
startups such as Remon Medical Technologies, Enzymotec and
NanoPass. Mr. Yachin holds a BSc. in Industrial Engineering and
Management and an MBA from the Technion - Israel Institute of
Technology.
Company CEO Jacob BenArie comments, "We are glad to welcome Guy
to our growing team. His experience, insight, and proven commitment
combined with his extensive industry relationships will prove
invaluable to us and I personally look forward to working closely
with him as we move ahead in the development of our Company."
Orgenesis invites interested readers to visit our website at
www.orgenesis.com to find out more about the Company and its goal
to bring about the end of diabetes as we now know it.
Further details of the Company's business, finances,
appointments and agreements can be found as part of the Company's
continuous public disclosure as a reporting issuer under the
Securities Exchange Act of 1934 filed with the Securities and
Exchange Commission's ("SEC") EDGAR database. For more information
visit: www.orgenesis.com.
About Orgenesis Inc. (OTCBB: ORGS)
Orgenesis is a development stage company with a novel therapeutic
technology that employs a molecular and cellular approach directed
at converting a patient's own liver cells into functional insulin
producing cells, as a treatment for diabetes. The Company believes
that converting the diabetic patient's own tissue into
insulin-producing cells overcomes the problem of donor shortage and
removes the risk of transplant rejection. If successful, this could
mean the end of diabetes as we now know it. For more information
visit: www.orgenesis.com.
Notice Regarding Forward-Looking
Statements This news release contains "forward-looking
statements" which are not purely historical. Such forward-looking
statements include, among other things, the expectations of
management that our regeneration technology can be developed as a
therapeutic treatment for diabetes. No assurance can be given that
any of the events anticipated by the forward-looking statements
will occur or, if they do occur, what benefits the Company will
obtain from them. Actual results could differ from those projected
in any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with new projects and development stage companies, which
include, without limitation, the potential failure of development
candidates to advance through preclinical studies or demonstrate
safety and efficacy in clinical testing and the ability to pass
clinical trials so as to move on to the next phase, our ability to
retain key employees and our ability to finance development or
satisfy the rigorous regulatory requirements for new medical
procedures. Competitors may develop better or cheaper alternatives
to our products. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Investors should refer to the risk
factors disclosure outlined in our periodic reports filed from
time-to-time with the Securities and Exchange Commission.
On Behalf of the Board Orgenesis Inc.
Vered Caplan, Chairperson
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Contact: Investor Relations Crescendo Communications, LLC
Email: orgs@crescendo-ir.com Tel: +1-877-560-9060 Web:
www.orgenesis.com
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