ALBUQUERQUE, N.M., June 11 /PRNewswire-FirstCall/ -- Protalex, Inc.
(OTC Bulletin Board: PRTX) announced today that Thomas Stagnaro has agreed to
join its Board of Directors. Mr. Stagnaro is President and CEO of Agile
Therapeutics, a private company focused on developing women's healthcare
products. Mr. Stagnaro formerly was president and CEO of 3-Dimensional
Pharmaceuticals and Univax Biologics.
"Protalex's management recognizes that it is essential to add individuals
with strong pharmaceutical experience to its Board of Directors," said John
Doherty, President. "We fully expect Tom Stagnaro to provide significant
strategic guidance, both in our development of Protalex's bioregulator
products and in identifying new opportunities in this market."
Mr. Stagnaro began his career with Searle Laboratories and has held
increasingly important positions during his 30 years in the pharmaceutical
industry. Tom has raised over $200 million for three developmental stage
companies and took Univax Biologics public in 1972. His present company,
Agile Therapeutics, is a development-stage research-based firm founded in 1997
that is involved in developing novel products for transdermal delivery of
Protalex will soon begin human testing of its unique bioregulator product,
which holds promise of actually reversing rather than just palliating the
symptoms of autoimmune disease. Initial testing will involve patients with
Rheumatoid Arthritis, but Protalex anticipates future validation of the
product for the treatment of a wide range of autoimmune diseases.
Statements in this press release that are not strictly historical are
"forward looking" statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements involve a high degree of risk and uncertainty, are
predictions only and actual events or results may differ materially from those
projected in such forward-looking statements. Factors that could cause or
contribute to differences include the Company's limited operating history,
uncertainty regarding viability and market acceptance of the Company's
products, and the Company's dependence on reimbursement by third parties.
These factors and others are more fully described in the section entitled
"Risks Related to the Company's Business" in the Company's Registration
Statement on Form 10-SB (File No. 00028385) as filed with the Securities and
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SOURCE Protalex, Inc.