Dr. Rathjen is the Chief Executive Officer and Managing Director of Bionomics in Adelaide, Australia; Dr. Rathjen joined the Bioasis Board in September 2017
VANCOUVER, British Columbia & GUILFORD, Conn.–(Business Wire)– Bioasis TECHNOLOGIES, INC . (TSX.V:BTI; OTCQB:BIOAF), a biopharmaceutical company with a proprietary blood-brain barrier platform technology focused on development of therapeutics for the treatment of brain cancers and neurodegenerative diseases, today announced that Dr. Deborah Rathjen, B.Sc. (Hons), Ph.D., MAICD, FTSE, has been appointed as chair of the board of directors. She takes over from former board chair and chief executive officer Rob Hutchison, who retired on Dec. 4, 2017. Dr. Rathjen will continue to serve as a member of the compensation committee and has stepped down as chair of the audit committee, but will continue to serve as a member of the audit committee. A new audit committee chair will be appointed at a later date.
“We are absolutely delighted that Dr. Rathjen is the new chair of our board,” said Mark Day, Ph.D., president and chief executive officer, Bioasis. “I first met Deborah in 2013 when I was heading neuroscience business development at Bristol Myers Squibb and was immediately impressed with her drive, enthusiasm and passion for science and drug development. Deborah is an inspirational leader and has built an amazing company at Bionomics with a really energized and synergistic team who have accomplished a leading CNS pipeline. From business a development perspective, Deborah has a strategic collaboration with Merck in Alzheimer’s Disease and under her leadership, Bionomics has developed exciting phase 2 studies in anxiety disorders and in post-traumatic stress disorder. Deborah’s expertise in running public companies paired with her scientific prowess makes her the ideal chair for our company at this transformational time.”
“I look forward to working with my fellow board members and the Bioasis executive team to help guide Bioasis into clinical development,” said Dr. Rathjen. “Delivering medicines across the blood-brain barrier remains a significant challenge and Bioasis intends to solve this problem with our differentiated xB3 platform technology, which offers tremendous potential for value creation. The utility of the xB3 platform and its mode of action holds significant promise to deliver a wide range of therapies into the brain in therapeutically relevant doses. As the team works to advance the xB3-001 program into development, we are strongly encouraged by the proof-of-concept data showing significant brain exposure, 68 percent reduction in tumor number and compelling target engagement in a human HER2+ breast cancer brain metastasis model.”
About Dr. Deborah Rathjen, B.Sc. (Hons), Ph.D., MAICD, FTSE
Dr. Rathjen is the chief executive officer and managing director at Bionomics. Dr. Rathjen joined Bionomics in 2000 from Peptech Limited, where she was the general manager of business development and licensing. Under Dr. Rathjen’s leadership, Bionomics has advanced treatments for several CNS disorders, such as anxiety, depression and Alzheimer’s disease. The Company’s technologies include ionX for ion channel drug discovery and MultiCore a diversity-orientated small molecule chemistry platform. Bionomics operates in two geographical areas, Australia and France.
Dr. Rathjen was a co-inventor of Peptech’s TNF technology and leader of the company’s successful defense of its key TNF patents against a legal challenge by BASF and Johnson & Johnson. Dr. Rathjen has significant experience in company building and financing, mergers and acquisitions, therapeutic product research and development, business development, licensing and commercialization. Dr. Rathjen has been recognized both in Australia and internationally through awards and honors including the 2004 AusBiotech President’s Medal, 2006 Flinders University Distinguished Alumni Award, 2009 BioSingapore Asia Pacific Biotechnology Woman Entrepreneur of the Year, 2009 Regional Finalist Ernst & Young – Entrepreneur of the Year, and 2014 Woman Executive of the Year BioPharm Industry Awards. In 2015 Dr. Rathjen was named amongst the top 50 most influential business women in Australia by The Australian newspaper. Dr. Rathjen received her doctor of philosophy degree in immunology from Macquarie University in Sydney, Australia and her bachelor of science degree in immunology from Flinders University in Adelaide, Australia.
Bioasis Technologies, Inc. is a biopharmaceutical company developing xB3, a proprietary platform technology for the delivery of therapeutics across the blood-brain barrier (BBB) and the treatment of CNS disorders, including brain cancers and neurodegenerative diseases. The delivery of therapeutics across the BBB represents the final frontier in treating neurological disorders. The in-house development programs at Bioasis are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders. The company maintains headquarters in Vancouver, Canada with offices in Guilford, Conn., United States. Bioasis trades on the TSX Venture Exchange under the symbol “BTI” and on the OTCQB under the symbol “BIOAF.” For more information about the company please visit www.bioasis.ca or www.bioasis.us.
Forward Looking Statements
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On Behalf of the Board of Directors
Mark Day, Ph.D.,
President & Chief Executive Officer
Bioasis Technologies, Inc.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Bioasis Technologies, Inc.
Media & Investor Relations:
Catherine London, +1 917-763-2709