Bioasis Appoints Deborah Rathjen, B.Sc. (Hons), Ph.D., MAICD, FTSE as Chair of the Board of
Directors
Dr. Rathjen is the Chief Executive Officer and Managing Director of Bionomics in Adelaide, Australia; Dr.
Rathjen joined the Bioasis Board in September 2017
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.
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Bioasis appoints Deborah Rathjen, B.Sc. (Hons), Ph.D., MAICD, FTSE as chair of the board of directors. Dr. Rathjen
is the chief executive officer and managing director of Bionomics in Adelaide, Australia. Dr. Rathjen joined the Bioasis board of
directors in September 2017. (Photo: Business Wire)
“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.
About Bioasis
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
Certain statements in this press release contain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities legislation that may not be based
on historical fact, including without limitation statements containing the words “believe”, “may”, “plan”, “will”, “estimate”,
“continue”, “anticipate”, “intend”, “expect” and similar expressions. Such forward-looking statements or information involve known
and unknown risks, uncertainties and other factors that may cause our actual results, events or developments, or industry results,
to be materially different from any future results, events or developments express or implied by such forward-looking statements or
information. Such factors include, among others, our stage of development, lack of any product revenues, additional capital
requirements, risk associated with the completion of clinical trials and obtaining regulatory approval to market our products, the
ability to protect our intellectual property, dependence on collaborative partners and the prospects for negotiating additional
corporate collaborations or licensing arrangements and their timing. Specifically, certain risks and uncertainties that could cause
such actual events or results expressed or implied by such forward-looking statements and information to differ materially from any
future events or results expressed or implied by such statements and information include, but are not limited to, the risks and
uncertainties that: products that we develop may not succeed in preclinical or clinical trials, or future products in our targeted
corporate objectives; our future operating results are uncertain and likely to fluctuate; we may not be able to raise additional
capital; we may not be successful in establishing additional corporate collaborations or licensing arrangements; we may not be able
to establish marketing and the costs of launching our products may be greater than anticipated; we have no experience in commercial
manufacturing; we may face unknown risks related to intellectual property matters; we face increased competition from
pharmaceutical and biotechnology companies; and other factors as described in detail in our filings with the Canadian securities
regulatory authorities at www.sedar.com . Given these risks and uncertainties, you are cautioned not to place undue reliance on such
forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking
statements and information made herein are based on our current expectations and we undertake no obligation to revise or update
such forward- looking statements and information to reflect subsequent events or circumstances, except as required by law.
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
Catherine@bioasis.us
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