Avalon Pharmaceuticals Appoints Philip Frost, M.D., Ph.D., to Its Board of Directors
March 17 2008 - 8:00AM
Business Wire
Avalon Pharmaceuticals, Inc. (Nasdaq:AVRX), today announced the
appointment of Philip Frost, M.D., Ph.D., to its Board of Directors
effective March 14, 2008. The addition of Dr. Frost brings the
Avalon Board to eight members. �We are pleased to have Dr. Frost
join the Avalon Board,� stated Kenneth C. Carter, Ph.D., President
and CEO of Avalon Pharmaceuticals. �His expertise will be a
tremendous asset to Avalon as we work toward advancing our pipeline
and ultimately commercializing our oncology products.� �I am very
excited to join the Board of Avalon Pharmaceuticals,� stated Dr.
Frost. �The Company�s unique approach to drug discovery and
development, and strong oncology pipeline make for a bright future
ahead.� About Dr. Frost Dr. Philip Frost is currently the President
of Calesca Pharmaceuticals. Prior to Calesca, Dr. Frost was
Executive Vice President and Chief Scientific Officer at ImClone
Systems, Inc. from 2005 to 2007 where he oversaw the company�s
research, clinical and regulatory departments. He also served as
Interim Chief Executive Officer at ImClone in 2006. Prior to
ImClone Systems, Dr. Frost served as Vice President of Oncology and
Co-Director of the Oncology Therapeutic Area Leadership Team at
Wyeth where he was responsible for the development of various
oncology compounds. Dr. Frost has also held the positions of
Adjunct Professor of Cell Biology and Adjunct Professor of Medicine
at The University of Texas M.D. Anderson Cancer Center since 1992.
Dr. Frost has also held other academic positions at the University
of Texas and University of California, Irvine. He is currently a
member of the Board of Directors of Innovive Pharmaceuticals. Dr.
Frost earned his Medical Degree at State University of New York at
Buffalo and his Ph.D. at the Clinical Research Center in London,
England. About Avalon Pharmaceuticals Avalon is a biopharmaceutical
company focused on the discovery, development and commercialization
of first-in-class cancer therapeutics. Avalon�s lead product
candidate, AVN944,�an IMPDH inhibitor, is in Phase II clinical
development. Avalon also has preclinical programs to develop
inhibitors of the Beta-catenin and Aurora/Centrosome
pathways,�discovery programs�for�inhibitors of�the Survivin�and
Myc�pathways and partnerships with Merck, MedImmune, ChemDiv,
Medarex, and Novartis. AvalonRx� is the company�s proprietary
platform�which is based on�large-scale�biomarker identification and
monitoring, used to discover and develop therapeutics for pathways
that have historically been characterized as "undruggable." Avalon
is headquartered in Germantown, MD.
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