Plus Therapeutics Welcomes Two New Directors
March 12 2020 - 7:15AM
Plus Therapeutics, Inc. (Nasdaq: PSTV) (the “Company”), today
announced that Dr. Robert Lenk and Mr. Howard Clowes will join the
Company’s Board of Directors to serve as independent directors,
effective April 1, 2020.
Dr. Lenk has over 35 years as pharmaceutical executive with deep
expertise in nanoparticle drug development and drug formulation. He
is currently President of Lenk Pharmaceuticals, a pharmaceuticals
development consultant to multinational corporations and startups.
Previously, Dr. Lenk has been Chief Scientific Officer of
MediVector, Inc., President of the NanoWorks division of Luna
Innovations, Inc., President & CEO of Therapeutics 2000, Inc.
and Vice President of Research & Development at Argus
Pharmaceuticals. Dr. Lenk was also Cofounder of The Liposome Co.
and a Staff Fellow of the National Institute of Child Health and
Human Development. He has a PhD and BS from the Massachusetts
Institute of Technology and resides in Danville, VA.
A retired partner after nearly four decades at DLA Piper, a
leading law firm, Mr. Clowes has served in leadership positions in
the firm’s Corporate and Securities Practice, advising public and
private companies on securities law, financing, Mergers and
Acquisition and general corporate matters. At the law firm of Gray
Cary Ware & Freidenrich LLP, which was acquired by DLA Piper,
he served as a partner in the Corporate Group, member of the
Executive Committee and managing partner of the Transactions Group.
Mr. Clowes has a J.D. from the University of California, Berkeley
(where he now serves as a Lecturer), and a BA from the University
of California, Santa Barbara. A resident of the Bay Area, Mr.
Clowes served as President, Board Member and Chair of the Strategic
Planning and Search Committee of the Law Foundation of Silicon
Valley.
"We are extremely pleased that two such accomplished industry
veterans have agreed to join our board of directors,” said Dr. Marc
Hedrick, President and CEO of Plus Therapeutics. “Howard has been a
longstanding and esteemed partner at a leading law firm, while
Robert is a highly regarded C-level executive in the pharmaceutical
industry. With decades of high-level experience, Howard and Robert
bring a tremendous depth of knowledge and capabilities to our
Board.”About Plus Therapeutics, Inc.
Plus Therapeutics, Inc. is a clinical-stage pharmaceutical
company focused on the discovery, development, and delivery of
complex and innovative treatments for patients battling cancer and
rare diseases.
Our proprietary nanotechnology platform is currently centered
around the enhanced delivery of a variety of drugs using novel
liposomal encapsulation technology. Liposomal encapsulation has
been extensively explored and undergone significant technical and
commercial advances since it was first developed. Our platform is
designed to facilitate new delivery approaches and/or formulations
of safe and effective, injectable drugs, potentially enhancing the
safety, efficacy and convenience for patients and healthcare
providers.
Our lead product candidate, DocePLUS, is a protein-stabilized
PEGylated liposomal formulation of docetaxel, for which the process
of preparation is patented. The active pharmaceutical ingredient,
docetaxel, was approved by the U.S. FDA in 1999 and commonly used
for treating cancers of the breast, head, neck, stomach, prostate,
and lung.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain statements that may be
deemed “forward-looking statements” within the meaning of U.S.
securities laws. All statements, other than statements of
historical fact, that address activities, events or developments
that we intend, expect, project, believe or anticipate and similar
expressions or future conditional verbs such as will, should,
would, could or may occur in the future are forward-looking
statements. Such statements are based upon certain assumptions and
assessments made by our management in light of their experience and
their perception of historical trends, current conditions, expected
future developments and other factors they believe to be
appropriate. These statements include, without limitation,
statements about: the Company’s potential to facilitate new
delivery approaches and/or formulations of safe and effective,
injectable drugs, potentially enhancing the safety, efficacy and
convenience for patients and healthcare providers; the Company’s
potential to develop a market leading position; and the potential
for, and timing of, the Company’s submission of a Phase 2 clinical
trial protocol in Small Cell Lung Cancer patients with
platinum-sensitive disease who progressed at least 60 days after
initiation of first-line chemotherapy. The forward-looking
statements included in this press release are subject to a number
of additional material risks and uncertainties, including but not
limited to: the risk that the U.S. FDA does not accept the
Company’s submission of a Phase 2 clinical trial protocol in Small
Cell Lung Cancer patients with platinum-sensitive disease who
progressed at least 60 days after initiation of first-line
chemotherapy; the risk that the Company is not able to successfully
develop product candidates that can leverage the U.S. FDA’s
accelerated regulatory pathways; and the risks described under the
heading “Risk Factors” in the Company’s Securities and Exchange
Commission filings, including in the Company’s annual and quarterly
reports. There may be events in the future that the Company is
unable to predict, or over which it has no control, and its
business, financial condition, results of operations and prospects
may change in the future. The Company assumes no responsibility to
update or revise any forward-looking statements to reflect events,
trends or circumstances after the date they are made unless the
Company has an obligation under U.S. federal securities laws to do
so.
Plus Therapeutics, Inc. Andrew Sims CFO
VP, Investor Relations Phone: +1.619.333.4150
Email: ir@plustherapeutics.com
Website: plustherapeutics.com
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