Allos Therapeutics Appoints Bruce K. Bennett as Vice President, Manufacturing
January 28 2008 - 8:00AM
PR Newswire (US)
WESTMINSTER, Colo., Jan. 28 /PRNewswire-FirstCall/ -- Allos
Therapeutics, Inc. (NASDAQ:ALTH) today announced the appointment of
Bruce K. Bennett as Vice President, Manufacturing. In this
position, Mr. Bennett will lead the Company's manufacturing
functions to support the continued development and potential
commercialization of Allos' product candidates. "We are delighted
to welcome Bruce to Allos," said Paul L. Berns, President and CEO.
"Bruce's experience in all aspects of pharmaceutical manufacturing
and his demonstrated leadership in the pharmaceutical,
biotechnology and life sciences industries will be valuable as we
look to advance our product candidates in support of our mission of
developing and commercializing promising new therapies for cancer
patients." Mr. Bennett has over 25 years of manufacturing
experience in the pharmaceutical, medical device and biotechnology
industries. Since 2006, Mr. Bennett has served as an independent
consultant focused on the development of business operations,
technical and supply chain solutions for biotechnology and
pharmaceutical companies. From 2002 to 2006, Mr. Bennett served as
Vice President, Manufacturing at La Jolla Pharmaceuticals, where he
led a 50 member team in manufacturing, materials management, vendor
and commercial development, quality control, validation,
engineering, facilities, and environmental health and safety. Prior
to La Jolla, Mr. Bennett served as Vice President, Operations at
Provasis Therapeutics from 2000 to 2002, and as Vice President,
Operations, RA/QA/QC and Commercial Development at Via Medical
Corporation from 1997 to 2000. From 1987 to 1997, Mr. Bennett
served as a senior operations executive of various pharmaceutical,
biotechnology and other companies. Mr. Bennett earned his MBA from
Pepperdine University and his B.S. in Industrial Technology from
California State University, Long Beach. "I am very excited to join
Allos and lead the Company's manufacturing activities," said Mr.
Bennett. "I believe Allos has the product candidates and leadership
team to make a potentially significant impact in the development of
new therapies for the treatment of cancer." About Allos
Therapeutics, Inc. Allos Therapeutics is a biopharmaceutical
company focused on the development and commercialization of small
molecule therapeutics for the treatment of cancer. The Company's
lead product candidate, PDX (pralatrexate), is a novel antifolate
currently under evaluation in a pivotal Phase 2 (PROPEL) trial in
patients with relapsed or refractory peripheral T-cell lymphoma.
The PROPEL trial is being conducted under an agreement reached with
the U.S. Food and Drug Administration under its special protocol
assessment, or SPA process. The Company is also investigating PDX
in patients with non-small cell lung cancer and a range of lymphoma
sub-types. The Company's other product candidate is RH1, a targeted
chemotherapeutic agent currently being evaluated in a Phase 1 trial
in patients with advanced solid tumors or non-Hodgkins Lymphoma
(NHL). For additional information, please visit the Company's
website at http://www.allos.com/. Safe Harbor Statement This press
release contains forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements include
statements relating to Mr. Bennett's potential impact on the future
growth and success of the Company; the potential safety, efficacy
and marketability of the Company's product candidates; and other
statements that are other than statements of historical facts. In
some cases, you can identify forward-looking statements by
terminology such as "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"projects," "potential," "continue," and other similar terminology
or the negative of these terms, but their absence does not mean
that a particular statement is not forward-looking. Such
forward-looking statements are not guarantees of future performance
and are subject to risks and uncertainties that may cause actual
results to differ materially from those anticipated by the
forward-looking statements. These risks and uncertainties include,
among others, that the Company's product candidates are in various
stages of development and may never be fully developed in a manner
suitable for commercialization. If the Company is unable to
develop, receive approval for, or successfully commercialize any of
its product candidates, it will be unable to generate meaningful
revenue from product sales and may never become profitable.
Additional information concerning these and other factors that may
cause actual results to differ materially from those anticipated in
the forward-looking statements is contained in the "Risk Factors"
section of the Company's Annual Report on Form 10-K for the year
ended December 31, 2006 and in the Company's other periodic reports
and filings with the Securities and Exchange Commission. The
Company cautions investors not to place undue reliance on the
forward-looking statements contained in this press release. All
forward-looking statements are based on information currently
available to the Company on the date hereof, and the Company
undertakes no obligation to revise or update these forward-looking
statements to reflect events or circumstances after the date of
this release, except as required by law. DATASOURCE: Allos
Therapeutics, Inc. CONTACT: Derek Cole, Vice President, Investor
Relations of Allos Therapeutics, Inc., +1-720-540-5367, Web site:
http://www.allos.com/
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