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VGX
Animal Health Announces Promotion of Kevin W. Rassas to President
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Woodlands, TX – November 7, 2007 – |
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VGX Animal Health, Inc. (VGXAH),
a leading developer of cutting edge technologies for animal health applications,
today announced the promotion of Kevin W. Rassas to President. The Company
was formed in May 2007 as a subsidiary of Inovio, Inc. (VGXP).
Mr. Rassas joined VGXAH in May 2007 as Senior Vice President. Mr. Rassas
has over 30 years of pharmaceutical industry experience, including senior
level general management responsibility at Searle and Wyeth. He has a
strong strategic and operational focus with a proven track record of delivering
solid revenue growth and bottom line results. Mr. Rassas has played a
major role in the integration of large and complex businesses and has
instituted numerous programs to improve operating efficiencies. His background
includes significant experience in International Operations P&L Management,
Strategic Planning, Business Development, Finance and Administration,
New Product Introductions and Joint Ventures. He will continue to be Senior
Vice President, Business Development at Inovio, which he
joined in 2003.
Dr. J. Joseph Kim, President and CEO of Inovio, will remain
on VGX Animal Health as Chairman. Dr. Kim stated, “Kevin has displayed
exceptional leadership since the formation of VGX Animal Health. I am
certain that Kevin will continue to utilize his extensive industry experience
and leadership skills to manage VGX Animal Health’s overall strategy
to become a dynamic global biopharmaceutical company for animal health
applications.”
Mr. Rassas received a Bachelor of Arts in Economics from the University
of Notre Dame and an MBA in Finance from the Kellogg School of Management
at Northwestern University.
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that includes or is based upon forward-looking statements within the
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our reports. |
About VGX Animal Health
VGX Animal Health, Inc. (“VGXAH” or “The Company”)
was formed in 2007 as a majority-owned subsidiary of Inovio,
Inc. (VGXP) specializing in animal health therapeutics. VGXAH’s products
and technology were initially developed by ADViSYS Inc, which was founded
in 1997 and acquired by Inovio in early 2007. VGXAH’s
lead product, LifeTide SW™ 5, is undergoing final regulatory review
in Australia, and is expected to receive approval in Q1 2008. The product
is an injectable plasmid encoding for the production of porcine Growth Hormone
Release Hormone (“GHRH”). In addition, the Company has conducted
extensive pre-clinical trials for other applications of its proprietary
plasmid-based GHRH therapy in both companion and food animals. Treatment
of cancer cachexia, anemia, and improved milk production are just a few
of the many potential applications of this technology in animal health.
VGXAH’s product candidates and technology programs are protected by
the Company's extensive global intellectual property portfolio. More information
about VGXAH can be found at www.vgxah.com.
About Inovio
Inovio is a biopharmaceutical company with small molecules
and biologics product candidates for the treatment of infectious diseases,
cancer and inflammatory diseases. The Company’s clinical development
programs include PICTOVIR™ for HIV infection and VGX-410C for chronic
HCV infection, both of which are currently in Phase II clinical trials.
In addition, Phase I clinical trials will be initiated in 2007 for VGX-150
for the treatment of Melanoma and VGX-1027 for inflammatory diseases. VGX’s
research pipelines include new generation of DNA vaccines and therapeutics
as well as CELLECTRA®, a proprietary DNA delivery device. The product
candidates and technology programs are protected by the Company’s
extensive global intellectual property portfolio. More information about
VGX can be found at www.vgxp.com.
Company Contact:
Doug Kern, DVM, MS
Vice President, Business Development
Tel. 281-296-7300
Fax. 281-296-7333
E-mail: dkern@vgxah.com
www.vgxah.com
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