GERMANTOWN, Md., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical company
developing novel treatments for nervous system diseases, today announced the appointment of David Recker, MD, FACR, FACP, as Chief
Medical Officer.
“Given his extensive experience in the biopharma industry, Dr. Recker brings to Neuralstem an expertise that will be critical to
the development of our clinical and preclinical pipeline, especially as we continue to plan our path forward,” said Rich Daly,
Chairman and CEO, Neuralstem. “Dr. Recker has managed execution of all elements of clinical strategy, including trial development,
data interpretation and product registration. These qualifications among myriad others make him an excellent addition to our
organization.”
Dr. David Recker is the founding manager of JJK Consulting, a group that advises on pharmaceutical development, with an emphasis
on global implementation of small molecule clinical trial design as well as a therapeutic focus on cell therapy. Dr. Recker serves
as the Chief Medical Officer of Vericel Corporation, where he has been responsible for clinical development, regulatory affairs,
medical and scientific affairs, pharmacovigilance, statistics and data management. Previously, Dr. Recker was Senior Vice
President, Clinical Sciences with Takeda’s Global Research and Development division, where he implemented global clinical
development strategies for several pharmacologic agents in multiple therapeutic areas. Dr. Recker completed his M.D. with
distinction at the University of Michigan Medical School.
About Neuralstem
Neuralstem is a clinical-stage biopharmaceutical company developing novel treatments for nervous system diseases of
high unmet medical need. NSI-189 is a small molecule in clinical development for major depressive disorder (MDD) and in
preclinical development for Angelman syndrome, irradiation-induced cognitive impairment, Type 1 and Type 2 diabetes, and
stroke.
NSI-566 is a stem cell therapy being tested for treatment of paralysis in stroke, chronic spinal cord injury (cSCI) and
Amyotrophic Lateral Sclerosis (ALS). Neuralstem’s diversified portfolio of product candidates is based on its proprietary
neural stem cell technology.
Cautionary Statement Regarding Forward Looking Information
This news release contains “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by
words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek” or “will.” Forward-looking statements by their nature
address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to
differ materially from those expressed in our forward-looking statements include risks inherent in the development and
commercialization of potential products, uncertainty of clinical trial results or regulatory approvals or clearances, need for
future capital, dependence upon collaborators and maintenance of our intellectual property rights. Actual results may differ
materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could
affect our results and other risks and uncertainties are detailed from time to time in Neuralstem’s periodic reports, including the
Annual Report on Form 10-K for the year ended December 31, 2016, and Form 10-Q for the three months ended March 31, 2017, filed
with the Securities and Exchange Commission (SEC), and in other reports filed with the SEC. We do not assume any obligation to
update any forward-looking statements.
Contact:
Kimberly Minarovich
Argot Partners (Investor Relations)
212-600-1902
kimberly@argotpartners.com
