Immune Pharmaceuticals Elects Daniel Kazado as New Chairman of the Board.
Dec 15, 2014
NEW YORK and HERZLIYA PITUACH, Israel, Dec. 15, 2014 /PRNewswire/ -- Immune Pharmaceuticals Inc. ("Immune", the "Company") (NASDAQ: IMNP) announced today that its Board of Directors has elected Mr. Daniel Kazado Chairman of the Board succeeding Dr. Daniel Teper who continues as Chief Executive Officer of Immune. Mr. Kazado has been a member of Immune's Board of Directors since 2013.
Immune's new Chairman, Mr. Daniel Kazado, comments: "I am delighted to represent the interest of shareholders and to continue to support the strategic vision of Immune founder and CEO, Dr. Daniel Teper, to build a leading Antibody therapeutics company. We believe that the recently completed financing will allow Immune to conduct two Phase II proof of concept clinical trials with its lead drug, Bertilimumab. We believe that the partnering of our Phase III ready Neuropathic Pain drug, AmiKet, will allow to accelerate the development of NanomAbs, a novel Antibody Drug Conjugate platform, and to consider additional external growth opportunities with a focus on clinical stage assets."
Mr. Kazado led and sold his management consulting firm to a publically traded multinational business services company and has been since a successful private equity investor in healthcare and other industries. He holds a Bachelor's degree in Economics and a Master's in Management form University of Lyon in France.
About Immune Pharmaceuticals Inc.
Immune Pharmaceuticals Inc. applies a personalized approach to treatment, developing novel, highly targeted antibody therapeutics to improve the lives of patients with inflammatory diseases and cancer. The Company's lead product candidate, bertilimumab, is in clinical development for moderate to severe ulcerative colitis and Crohn's disease as well as bullous pemphigoid, an orphan auto-immune dermatological condition. Immune licensed worldwide rights for systemic indications of bertilimumab from iCo Therapeutics (TSX: ICO; OTCQX: ICOTF) in June 2011, while iCo retained rights to all ophthalmic indications. iCo originally licensed the exclusive world-wide rights to bertilimumab in 2006 from MedImmune, the Global Research and Development Arm of AstraZeneca. Immune's pipeline also includes NanomAbs®, antibody nanoparticle conjugates, for the targeted delivery of chemotherapeutics, and AmiKet™, a Neuropathic Pain drug candidate ready for Phase III. AmiKet has received Orphan Drug Designation for Post Herpetic Neuralgia.
For more information, visit Immune's website at www.immunepharmaceuticals.com, the content of which is not a part of this press release.
Erik Penser Bankaktiebolag is engaged as Immune´s Certified Adviser on NASDAQ OMX First North Premier.
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SOURCE Immune Pharmaceuticals Inc.
For further information: Immune Pharmaceuticals Inc.: Anna Baran, Director, Corporate Communications, Tel: 646 5618010, firstname.lastname@example.org