Isolagen Names Nicholas L. Teti, Jr. Chairman and Chief Executive Officer
June 06 2006 - 10:19AM
PR Newswire (US)
EXTON, Pa., June 6 /PRNewswire-FirstCall/ -- Isolagen, Inc.
(AMEX:ILE) announced today that the Board of Directors named
Nicholas L. Teti, Jr. Chairman and Chief Executive Officer (CEO),
effective immediately. Mr. Teti, 53, has more than 30 years
industry experience. He recently served as the Chairman of the
Board and CEO of Inamed Corporation, a position he assumed in July
2001. Prior to his tenure at Inamed, Mr. Teti spent 25 years at
DuPont and DuPont Merck in a number of senior management positions
including President and CEO of DuPont Pharmaceuticals. "This is
great news for the Company. Nick's experience is exactly what
Isolagen needs," stated Susan Ciallella, who will continue to serve
as President of Isolagen. "Nick has proved that he can develop and
implement a clear business strategy for a number of different
companies. He is an industry leader who has strong experience and
understands the regulatory, clinical development and marketing
process for products. His management style and relationship with
the investment community are also a positive. I look forward to
working with him." "I am impressed with Isolagen's technology,
management and overall potential," said Mr. Teti. "I am honored to
join the company. I believe the Isolagen Process has promise as an
R&D platform that could have broad application in a variety of
areas. I am excited to get started." Mr. Teti earned an MBA in
healthcare administration and a BA in economics from St. Joseph's
University in Philadelphia, PA. About Isolagen, Inc. Isolagen
specializes in the development and commercialization of autologous
cellular therapies for soft and hard tissue regeneration. The
company's product candidates are based on its proprietary Isolagen
Process. Based on the accumulated experience of the company through
its retrospective study, clinical trials and treatment of patients
in the United Kingdom, the company believes that the Isolagen
Process utilizes the patient's own cells to create safe and
effective therapies to treat the underlying cause of the patient's
condition. Autologous cellular therapy is the process whereby a
patient's own cells are extracted, allowed to multiply and then
injected into the patient. Isolagen's product candidates are
designed to be minimally invasive and non-surgical. For additional
information, please visit: http://www.isolagen.com/ .
Forward-looking statements in this release, such as statements by
individuals associated with the Company about the personal traits,
qualifications or experience of another person or the ability to
use the Isolagen Process as an R&D platform that could have
broad application in a variety of areas, are made pursuant to the
safe harbor provisions of the federal securities laws. Information
contained in forward-looking statements is based on current
expectations and is subject to change, and actual results may
differ materially from the forward-looking statements. Isolagen,
Inc. does not undertake to update any such forward-looking
statements or to publicly announce developments or events relating
to the matters described herein. DATASOURCE: Isolagen, Inc.
CONTACT: investors, Lee M. Stern of The Trout Group,
+1-212-477-9007, or ; or media, Mike Beyer of Sam Brown Inc.,
+1-773-463-4211, or , both for Isolagen, Inc. Web site:
http://www.isolagen.com/
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