Vancouver, B.C.–(Business Wire)– biOasis Technologies Inc. (BTI) is pleased to announce that Mr. Gregory Gubitz has joined the Board of Directors of the Company.
Mr. Gubitz is a seasoned life science executive and lawyer, with significant transaction and investment experience. Mr. Gubitz was most recently Senior Vice President, Corporate Development and General Counsel of Biovail Corporation; formerly Canada’s largest publicly traded pharmaceutical company. In that capacity he was responsible for all mergers & acquisitions and product acquisitions. Mr. Gubitz was also responsible for worldwide legal operations, culminating with the $7 billion merger of Biovail and Valeant Pharmaceutical International Inc. (TSX:VRX). Prior to joining Biovail, for 10 years he was a senior executive with MDS Capital, a leading North American venture capital company, focused on healthcare. As Chief Operating Officer of MDS Capital, Mr. Gubitz was responsible for all operational aspects of the company with a total of $1 billion under management. Prior to joining MDS Capital, Mr. Gubitz was a partner at one of Canada’s leading international law firms, where he represented numerous public and private companies in a wide range of financings, mergers & acquisitions, joint ventures, and business transactions. He graduated from McGill University and was called to the Ontario Bar in 1984.
“Greg makes a tremendous addition to our Board, bring vast experience in key areas that the company is now entering into,” says Rob Hutchison CEO. “His transactional expertise will help guide us in developing corporate business development strategies and his background in capital markets fits very well with our overall finance objectives.”
“I’m very happy to be joining the Board of the company,” says Greg Gubitz. “As an advisor to the Board for the past number of months, it has given me the opportunity to work with management and the Board, and I believe that by coming onto the board at this time, I can provide guidance in a number of areas that are presenting themselves to the Company.”
biOasis Technologies Inc. is a biopharmaceutical company engaged in the development and commercialization of products for the diagnosis and treatment of neurological diseases and disorders. Its products and technologies are intended for use within the healthcare and life science markets. The Company is currently developing Transcend, a proprietary molecular carrier intended to transport drugs across the Blood-Brain Barrier for treatment of a wide range of neurological, oncological and infectious disease applications. biOasis is also developing Cognitest, a blood test to potentially aid clinicians in the diagnosis of Alzheimer’s disease.
Forward Looking Statements
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On Behalf of the Board of Directors
Robin Hutchison Chairman & CEO