XTL Biopharmaceuticals Ltd. Names Dr. Ben-Zion Weiner to its Board of Directors

Apr 17, 2012, 10:32 ET from XTL Biopharmaceuticals Ltd

HERZLIYA, Israel, April 17, 2012 /PRNewswire/ --

XTL Biopharmaceuticals Ltd. (TASE: XTL) (OTC: XTLBY) (the "Company"), a biopharmaceutical development company, announced yesterday that Dr. Ben-Zion Weiner, Ph.D., has been named as director of the Company's board of directors.

Since 2012, Dr. Weiner serves as Special Advisor to the Chief Executive Officer of Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA, TASE: TEVA.TA). Dr. Weiner brings to XTL his vast experience in pharmaceutical development, from R&D to regulatory approval. Dr. Weiner has been with Teva for 36 years.

"I am very pleased to have joined XTL as member of the board of directors and I will use my R&D expertise in the product development of the Company," said Dr. Weiner.

Dr. Weiner received his Ph.D. in chemistry from the Hebrew University of Jerusalem, where he also earned B.Sc. and M.Sc. degrees, followed by a post-doctoral fellowship at Schering-Plough Corporation in the United States. He was granted the Rothschild Prize for Innovation/Export twice, in 1989 for the development of Alpha D3 for dialysis and osteoporosis, and in 1999 for the development of Copaxone® for multiple sclerosis.

David Grossman, XTL's CEO commented "Dr. Weiner brings with him 40 years of drug development experience in the pharmaceutical industry, with large number of New Drug Application approvals under his leadership. We are very pleased that he joined our board, and believe his experience will be extremely valuable as we progress with our clinical development programs."  

About XTL Biopharmaceuticals, Ltd. ("XTL")

XTL Biopharmaceuticals, Ltd., a biopharmaceutical company, focuses on the acquisition, development, and commercialization of pharmaceutical products for the treatment of clinical unmet needs. XTL is focused on late stage clinical development of drugs for the treatment of multiple myeloma, schizophrenia, and hepatitis C.

XTL's lead drug candidate, rHuEPO for the treatment of multiple myeloma blood cancer was granted an orphan drug designation from the FDA. rHuEPO, has been approved for marketing by the FDA and has for many years been sold for billions of dollars across the world for the treatment of severe anemia.

XTL is a public company traded on the Tel Aviv Stock Exchange (TASE: XTL) and its ADRs are quoted in the US on the Pink Sheets (OTC: XTLBY).

Contact: Investor Relations, XTL Biopharmaceuticals Ltd. Tel: +972-9-955-7080, Email: ir@xtlbio.com

SOURCE XTL Biopharmaceuticals Ltd