Advaxis Names Thomas A. Moore to Serve as CEO and Chairman of the Board.Roni Appel Resigns As CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. NORTH BRUNSWICK, N.J. -- Advaxis, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADXS) a biotechnology company developing novel Listeria-based therapeutic cancer vaccines Cancer vaccines A treatment that uses the patient's immune system to attack cancer cells. Mentioned in: Pancreatic Cancer, Exocrine , announced that its Board of Directors has named Thomas A. Moore to serve as the company's Chief Executive Officer and Chairman. Mr. Moore replaces Roni Appel as CEO, who will remain on the Board of Directors and continue to work closely with Mr. Moore as an advisor to the company. Moore, 55, who has served on the Advaxis Board of Directors since September 2006 brings more than 25 years of experience in healthcare and general management. Mr. Moore is currently a board member of Alteon, Inc., a publicly traded developer of pharmaceuticals for the treatment of diabetes and age-related diseases, El Dorado El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. Inc., a targeted marketer to unassimilated Hispanics, Medmeme, which measures medical education effectiveness, and Opt-e-scrip, Inc., which markets a clinical system to compare multiple drugs in the same patient. He also serves as Chairman of Mayan Pigments, Inc., which has developed and patented Mayan pigment technology. Previously, from June 2002 to June 2004 Mr. Moore was President and Chief Executive Officer of Biopure Corporation, a developer of oxygen therapeutics that are intravenously administered to deliver oxygen to the body's tissues. From 1996 to November 2000 he was President and Chief Executive Officer of Nelson Communications. Previously, Mr. Moore had a 23-year career with the Procter & Gamble Company in multiple managerial positions, including President of Health Care Products where he was responsible for prescription and over-the-counter medications worldwide, and Group Vice President of the Procter & Gamble Company. Mr. Moore said, "I have had the pleasure of working with the Advaxis team over the past few months and look forward to helping set the future direction of Advaxis. The company is developing novel and exciting vaccine therapies vaccine therapy A therapeutic strategy to boost the immune response against a particular pathogen to such degree that the vaccine alone is enough to treat the Pt and I believe it has a solid future. I am pleased to have the opportunity to be working closely with such a talented group of scientific and business leaders." Mr. Appel said, "My fundamental passion is guiding companies through their initial growth. When I co-founded Advaxis with Dr. Yvonne Paterson, Professor of Molecular Biology molecular biology, scientific study of the molecular basis of life processes, including cellular respiration, excretion, and reproduction. The term molecular biology was coined in 1938 by Warren Weaver, then director of the natural sciences program at the Rockefeller at University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. , we had the vision of developing an immunotherapy that would fundamentally change the way cancer is treated." Mr. Appel continued, "Since beginning operations, Advaxis has recruited an outstanding management team, secured funding, scaled up its manufacturing capabilities, established its own laboratories and hired a group of top level scientists to complement the founding team. The company has now nine Listeria-based cancer vaccines in development, with its lead vaccine Lovaxin C in Phase I/II currently dosing cancer patients. As a team, we have built a very strong company poised for substantial growth in the fast-advancing field of cancer vaccines. I am committed to working with the board and Mr. Moore during this transition, and I have utmost confidence in Advaxis' future success under the leadership of Mr. Moore." "We want to thank Roni for his leadership during an important and challenging phase of Advaxis' corporate growth and development," stated Richard Berman Richard Berman is the executive director of the Center for Consumer Freedom, a food industry-supported nonprofit; executive director of the Center for Union Facts, an organization that is critical of organized labor leaders; and president of the Washington public affairs firm , Director of Advaxis. "Roni has been instrumental in positioning the company for success, with its lead Listeria Listeria /Lis·te·ria/ (lis-ter´e-ah) a genus of gram-negative bacteria (family Corynebacterium); L. monocyto´genes causes listeriosis. Lis·te·ri·a n. cancer vaccine The term cancer vaccine is often used to describe a process whereby a person's immune system is coaxed into recognizing and destroying malignant cells without harming normal cells. Lovaxin C and many of the components of a fully integrated biopharmaceutical company in place. Mr. Moore is a seasoned and highly respected pharmaceutical executive with over 25 years of experience in researching, developing and commercializing biopharmaceutical products. We are pleased to have a person of Mr. Moore's caliber on our management team to step in and lead the company during the next phase of the company's growth." About Advaxis Based in North Brunswick, New Jersey. Advaxis is developing proprietary Listeria cancer vaccines based on technology developed by Dr. Yvonne Paterson, professor of microbiology at the University of Pennsylvania, and chair person of Advaxis' Scientific Advisory Board. Advaxis' is developing therapeutic cancer vaccines that enhance the immune system's cancer-fighting abilities through its proprietary Listeria monocytogenes based system, which utilizes two immunological mechanisms immunological mechanism n. The collection of cells, chiefly lymphocytes and cells of the reticuloendothelial system, that function in establishing active acquired immunity. Also called defense mechanism. (Innate and Classical Immunity) to develop safer and more effective Listeria based cancer vaccines. Advaxis is the exclusive licensee of a patented broadly enabling Listeria platform technology that can elicit effective anti-tumor responses. Advaxis' lead Listeria vaccine candidate, Lovaxin C, targets cervical and head and neck cancers. Further Listeria vaccines in development target breast, ovarian ovarian /ovar·i·an/ (o-var´e-an) pertaining to an ovary or ovaries. ovarian pertaining to an ovary. ovarian agenesis and lung cancers lung cancer, cancer that originates in the tissues of the lungs. Lung cancer is the leading cause of cancer death in the United States in both men and women. Like other cancers, lung cancer occurs after repeated insults to the genetic material of the cell. . Advaxis has entered a Phase I/II clinical trial. The Listeria platform will also have applications in the fields of infectious disease Infectious disease A pathological condition spread among biological species. Infectious diseases, although varied in their effects, are always associated with viruses, bacteria, fungi, protozoa, multicellular parasites and aberrant proteins known as prions. and autoimmune disorders Autoimmune Disorders Definition Autoimmune disorders are conditions in which a person's immune system attacks the body's own cells, causing tissue destruction. . Forward Looking Statements Certain statements contained in this press release are forward looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements. |
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