Dr. Paul Burn to Join DiaMedica's Scientific Advisory Board
October 27 2011 - 8:55AM
Marketwired
DiaMedica Inc. (TSX VENTURE:DMA) a biopharmaceutical company
focused on the development of novel treatments for Type 1 and Type
2 diabetes announces the appointment of Dr. Paul Burn to
DiaMedica's Scientific Advisory Board. Dr. Burn currently serves as
the Broin Chair and Director for The Sanford Project, an emerging
translational research center focused on identifying and delivering
a cure for Type 1 diabetes. He also holds an appointment as
Professor of Pediatrics at the Sanford School of Medicine of The
University of South Dakota.
Prior to the appointment at Sanford Health, Dr. Burn served in
the position of Senior Vice President of Research & Development
at the Juvenile Diabetes Research Foundation (JDRF). Dr. Burn
gained international industry R&D experience as Director of
Metabolic Research & Development at Bayer Health Care; at Eli
Lilly & Company where he held the position of Director of
Endocrine Research & Clinical Investigation; as Vice President
of Research & Development at Monsanto/Pharmacia; and at
Hoffman-La Roche as the Global Head for the Metabolic Diseases
Therapeutic Area and as Vice President of Biotechnology.
Dr. Burn's business expertise includes establishing and leading
alliances with strategic partners and in- and out-licensing of
compounds and projects. In addition, he has facilitated a portfolio
of 52 clinical trials, served as a consultant to several major
pharmaceutical companies and has streamlined the programs of
acquired or merged companies.
"I am delighted to join DiaMedica's Scientific Advisory Board,
especially at such a progressive time for the Company," said Dr.
Paul Burn. "The results achieved to date with DM-199 and DM-204 in
both Type 1 and Type 2 diabetes settings are extraordinary and I am
particularly interested in seeing these programs accelerated."
"Dr. Burn is a highly regarded key opinion leader in diabetes
research and drug development and we are honored that he is joining
our Scientific Advisory Board," said Rick Pauls, Chief Executive
Officer of DiaMedica. "He brings to us proficiency in clinical
diabetes R&D as well as spearheading alliances and
partnerships; skills that should prove to be a valuable resource in
helping DiaMedica's DM-199 program move forward."
About DiaMedica
DiaMedica is a biopharmaceutical company that has developed
novel therapeutic compounds aimed to improve the lives of patients
with diabetes and other major, medically-unmet diseases.
DiaMedica's lead compound, DM-199, represents a novel approach to
treating Type 1 and Type 2 diabetes by demonstrating significant
results against three major aspects of these diseases: 1) halting
the autoimmune attack on beta cells; 2) proliferating insulin
producing beta cells and 3) improving glucose control.
DiaMedica is also developing a monoclonal antibody, DM-204. In
pre-clinical studies, DM-204 significantly improved glucose control
and decreased blood pressure.
The company is listed on the TSX Venture Exchange under the
trading symbol 'DMA'.
Caution Regarding Forward-Looking Information
The statements made in this press release that are not
historical facts contain forward-looking information that involves
risk and uncertainties. All statements, other than statements of
historical facts, which address DiaMedica's expectations, should be
considered forward-looking statements. Such statements are based on
management's exercise of business judgment as well as assumptions
made by and information currently available to management. When
used in this document, the words "may", "will", "anticipate",
"believe", "estimate", "expect", "intend" and words of similar
import, are intended to identify any forward-looking statements.
You should not place undue reliance on these forward-looking
statements. These statements reflect a current view of future
events and are subject to certain risks and uncertainties as
contained in the Company's filings with Canadian securities
regulatory authorities. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results could differ materially from those
anticipated in these forward-looking statements. The Company
undertakes no obligation, and does not intend, to update, revise or
otherwise publicly release any revisions to these forward-looking
statements to reflect events or circumstances after the date
hereof, or to reflect the occurrence of any unanticipated events.
Although management believes that expectations are based on
reasonable assumptions, no assurance can be given that these
expectations will materialize.
Contacts: DiaMedica Inc. Rick Pauls President & CEO
204.477.7590 204.453.3745 (FAX)
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