WINNIPEG, MANITOBA--(Marketwired - Oct. 8, 2014) - Kane Biotech Inc. (TSX VENTURE:KNE), a biotechnology company developing and commercializing products that prevent and remove microbial biofilms announces today the appointment of Mark Nawacki to its board of directors. Mark will be replacing Richard Cherney who is retiring from the board.
Mr. Nawacki served as Executive Vice President, Business and Corporate Development of Paladin until September 2014. Mark joined Paladin in 2003 and was responsible for all business, corporate and product development activities. In addition to shaping the therapeutic focus of Paladin's Canadian business, Mark was the architect of Paladin's international expansion and emerging markets strategy. Prior to joining Paladin, he held progressively senior leadership positions at Pharmacia, a global top ten pharmaceutical company that is now part of Pfizer Inc.
Mr. Nawacki holds a BA in International Relations and Russian and East European Studies from the University of Toronto (Trinity), MBA also from the University of Toronto, and is a Canadian-designated CPA. He is an active speaker on the subject of licensing and business development, is a past member of the Board of Trustees of the Licensing Executive Society (USA & Canada) and is a former President and Board Member of the Canadian Healthcare Licensing Association. He also currently sits on the Board of the Montreal Bach Festival.
Mr. Richard Cherney is a co-managing partner of Davies Ward Phillips & Vineberg LLP and has a varied practice, representing private and public companies, including many operating in the life science field.
"On behalf of the board of directors and the management and staff of Kane Biotech, I am pleased to welcome Mark as a member of our board of directors. We look forward to the insight, guidance and wealth of experience that he will bring to the Company," stated Gord Froehlich, President and CEO of Kane Biotech Inc.
"The board, management and staff would also like to say thank you to Richard Cherney for his valuable time and contribution in helping the Company in its development and business strategy. The Company has developed and recently received approval for a line of companion animal oral care products and has also received Health Canada approval for the Company's first dermatology products for human health," stated Gord Froehlich. "We wish Mr. Cherney all the best in his future endeavours and look forward to continuing our relationship with Davies Ward Phillips & Vineberg LLP."
About Kane Biotech Inc.
Kane Biotech is a biotechnology company engaged in the development and commercialization of products that prevent and remove biofilms. Biofilms develop when bacteria and other microorganisms form a protective matrix that acts as a shield against attack. When in a biofilm, bacteria become highly resistant to antibiotics, biocides, disinfectants, high temperatures and host immune responses. This resiliency contributes to human health problems such as recurrent urinary tract infections, medical device associated infections and tooth decay.
Kane Biotech uses patent protected technologies based on molecular mechanisms of biofilm formation/dispersal and methods for finding compounds that inhibit or disrupt biofilms. The Company has evidence that these technologies have potential to significantly improve the ability to prevent and/or destroy biofilms in several medical and industrial applications.
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.
Caution Regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information within the meaning of applicable Canadian provincial securities legislation (collectively, "forward-looking statements"). These forward-looking statements relate to, among other things, our objectives, goals, targets, strategies, intentions, plans, beliefs, estimates and outlook, including, without limitation, our anticipated future operating results, and can, in some cases, be identified by the use of words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements.
These statements reflect management's current beliefs and are based on information currently available to management. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things: Kane's early stage of development, lack of product revenues and history of operating losses, uncertainties related to clinical trials and product development, rapid technological change, uncertainties related to forecasts, competition, potential product liability, additional financing requirements and access to capital, unproven markets, supply of raw materials, income tax matters, management of growth, partnerships for development and commercialization of technology, effects of insurers' willingness to pay for products, system failures, dependence on key personnel, foreign currency risk, risks related to regulatory matters and risks related to intellectual property and other risks detailed from time to time in Kane's filings with Canadian securities regulatory authorities, as well as Kane's ability to anticipate and manage the risks associated with the foregoing. Kane cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on Kane's forward-looking statements to make decisions with respect to Kane, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
These risks and uncertainties should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Kane cannot provide assurance that actual results will be consistent with these forward-looking statements. Kane undertakes no obligation to update or revise any forward-looking statement.
StrixNB™, DispersinB® and Aledex® are registered trademarks of Kane Biotech Inc. All Rights Reserved 2014.