TEL AVIV, Israel, May 23, 2017 /PRNewswire/ --
Cellect Biotechnology Ltd. (Nasdaq: APOP, TASE: APOP), a developer of stem cell technology, announced today that David Braun, Head of Merck Group's Medical Device Business, is joining Cellect's Scientific and Medical Advisory Board.
"We need business professionals to help us move to commercial grounds," said Dr. Shai Yarkoni, Cellect's CEO. "Cellect is advancing aggressively on the medical side but lacks the business experience to construct and execute large transactions with pharmaceutical giants and medical research centers. David provides us with his experience and enthusiasm that will enable Cellect to build a strong commercial business with its groundbreaking stem cell technology."
Mr. Braun has held multiple additional senior-level executive positions at leading biotech and high-tech companies, ranging from global Fortune 500 corporations to growth-oriented organizations, including Biosafe SA, a stem cell separation leader recently acquired by GE, Newell Brands, Logitech, Chiaro Networks and Elbit Systems.
Cellect's advisory board now includes global leaders and experts in the fields of medical research and drug development. Mr. Braun joins:
- Dr. Corey Cutler, Senior Physician at the US Dana Farber Cancer Institute, and an Associate Professor of Medicine at Harvard Medical School
- Professor John F. DiPersio, Chief of Oncology at the Washington University School of Medicine in St. Louis
- Professor Robert Negrin, Medical Director of the Clinical Bone Marrow Transplantation Laboratory and the Division Chief of the Blood and Marrow Transplant Program at Stanford University
- Professor Dov Zipori, Director of the Helen and Martin Kimmel Institute for Stem Cell Research at the WIS
- Professor Francesco Dazzi, a specialist in Regenerative and Haematological Medicine and is KHP Lead for Cellular Therapies at King's College London
- Dr. Susan Alpert, who has served as the Director of Medical Device Assessment in the FDA, as well as Senior VP Regulatory at Medtronic Inc. and C. R. BARD Inc.
About Cellect Biotechnology Ltd.
Cellect Biotechnology is traded on both the NASDAQ and Tel Aviv Stock Exchange (NASDAQ: "APOP", "APOPW", TASE: "APOP"). The Company has developed a breakthrough technology for the isolation of stem cells from any given tissue that aims to improve a variety of stem cells applications.
The Company's technology is expected to provide pharma companies, medical research centers and hospitals with the tools to rapidly isolate stem cells in quantity and quality that will allow stems cell related treatments and procedures. Cellect's technology is applicable to a wide variety of stem cells related treatments in regenerative medicine and current clinical trials are aimed at the cancer treatment of bone marrow transplantations.
Forward Looking Statements
This press release contains forward-looking statements about the Company's expectations, beliefs and intentions. Forward-looking statements can be identified by the use of forward-looking words such as "believe", "expect", "intend", "plan", "may", "should", "could", "might", "seek", "target", "will", "project", "forecast", "continue" or "anticipate" or their negatives or variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical matters. For example, forward-looking statements are used in this press release when we discuss Cellect advancing aggressively on the medical side, Cellect propelling towards a medical revolution, Mr. Braun helping Cellect to build a strong commercial business, that Cellect has developed a breakthrough technology for the isolation of stem cells from any given tissue and that Cellect's technology is expected to provide pharma companies, medical research centers and hospitals with the tools to rapidly isolate stem cells in quantity and quality that will allow stems cell related treatments and procedures. These forward-looking statements and their implications are based on the current expectations of the management of the Company only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; we may encounter delays or obstacles in launching and/or successfully completing our clinical trials; our products may not be approved by regulatory agencies, our technology may not be validated as we progress further and our methods may not be accepted by the scientific community; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products; unforeseen scientific difficulties may develop with our process; our products may wind up being more expensive than we anticipate; results in the laboratory may not translate to equally good results in real clinical settings; results of preclinical studies may not correlate with the results of human clinical trials; our patents may not be sufficient; our products may harm recipients; changes in legislation; inability to timely develop and introduce new technologies, products and applications, which could cause the actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in Cellect Biotechnology Ltd.'s Annual Report on Form 20-F for the fiscal year ended December 31, 2016 filed with the U.S. Securities and Exchange Commission, or SEC, which is available on the SEC's website, http://www.sec.gov . and in the Company's period filings with the SEC and the Tel-Aviv Stock Exchange.
Cellect Biotechnology Ltd.
Eyal Leibovitz, Chief Financial Officer
SOURCE Cellect Biotechnology Ltd.