Full Press Release Details
DNA Appoints Clay Shorrock as Chief Legal Officer and Executive Director of Business Development
Shorrock Rejoins Company; Appointment Underscores Company's Pursuit of Commercial Activities In Highly Regulated End-Markets, Including
Biotherapeutics and Diagnostics -
BROOK, N.Y. - April 1, 2021 - Applied DNA Sciences, Inc. (NASDAQ: APDN) (the "Company"), a leader in Polymerase
Chain Reaction (PCR)-based DNA manufacturing, today announced that Clay Shorrock, J.D., has rejoined the Company effective immediately
to serve on the executive leadership team as Chief Legal Officer and Executive Director, Business Development. In this newly created
role, Mr. Shorrock will lead Applied DNA's legal, regulatory, IP, and business development functions.
James A. Hayward, president and CEO, Applied DNA, said, "As we continue to advance the adoption of our PCR-based, LinearDNATM
manufacturing platform across highly regulated markets and further develop our IP estate, especially around cancer immunotherapy,
viral vectors, vaccines, and molecular diagnostics, we are thrilled to bring Clay's expertise to the leadership team. His prior
history with the Company, his deep understanding of our non-biological business coupled with his wealth of experience in life sciences
and corporate strategic planning, make him ideally suited to also lead our business development efforts as we work to advance our proprietary
platform across multiple business verticals. We look forward to his contributions to position Applied DNA for future success and shape
Shorrock has over a decade of experience in intellectual property, patent law, and complex commercial transactions having represented
clients, including Fortune 500 and development stage companies. He holds extensive legal experience in the areas of biotechnology, molecular
biology, immunotherapy, and medical diagnostics. Mr. Shorrock served as in-house general and IP counsel to Applied DNA from 2016 through
2019, and thereafter as outside general and IP counsel. Mr. Shorrock has been instrumental in the development of the CertainT platform
utilized in supply chain security applications and the expansion of the Company's core PCR-manufacturing capabilities into biotherapeutics
and diagnostics. He also led the effort to secure Emergency Use Authorization for the Company's LineaTM COVID-19 Assay
Kit and subsequent amendments that increased the assay's utility. Mr. Shorrock holds a B.A. in Biology from Franklin and Marshall
College and a J.D. with a concentration in intellectual property from Seton Hall University Law School.
Shorrock stated, "With a burgeoning profile in the biotherapeutics industry and supported by a recently launched, first ever
LinearDNA-based clinical trial for a veterinary COVID-19 vaccine candidate, it's an exciting time to rejoin the Applied
DNA team and its extraordinary group of experts working to bring science and service to society. I look forward to contributing to
the Company's progress."
Applied DNA Sciences
DNA is commercializing LinearDNA , its proprietary, large-scale polymerase chain reaction ("PCR")-based manufacturing
platform that allows for the large-scale production of specific DNA sequences.
LinearDNA platform has utility in the nucleic acid-based in vitro diagnostics and preclinical nucleic acid-based drug development
and manufacturing market. The platform is used to manufacture DNA for customers as components of in vitro diagnostic tests and
for preclinical nucleic acid-based drug development in the fields of adoptive cell therapies (CAR T and TCR therapies), DNA vaccines
(anti-viral and cancer), RNA therapies, clustered regularly interspaced short palindromic repeats (CRISPR) based therapies, and gene
therapies. Applied DNA has also established a COVID-19 diagnostic and testing offering that is in the early stages of commercialization
and is grounded in the Company's deep expertise in DNA.
LinearDNA platform also has non-biologic applications, such as supply chain security, anti-counterfeiting and anti-theft technology.
Key end-markets include, textiles, pharmaceuticals and nutraceuticals, and cannabis, among others.
Company's common stock is listed on NASDAQ under ticker symbol APDN', and its publicly traded warrants are listed
on OTC under ticker symbol APPDW'.
DNA is a member of the Russell Microcap Index.
statements made by Applied DNA in this press release may be "forward-looking" in nature within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of
1995. Forward-looking statements describe Applied DNA's future plans, projections, strategies, and expectations, and are based
on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Applied DNA. Actual results could
differ materially from those projected due to its history of net losses, limited financial resources, limited market acceptance, the
possibility that the assay kit could become obsolete or have its utility diminished, the uncertainties inherent in research and development,
future clinical data and analysis, including whether any of Applied DNA's or its partner's diagnostic candidates will advance
further in the preclinical research or clinical trial process, including receiving clearance from the U.S. Food and Drug Administration
(U.S. FDA) or equivalent foreign regulatory agencies to conduct clinical trials and whether and when, if at all, they will receive final
approval from the U.S. FDA or equivalent foreign regulatory agencies, the unknown outcome of any applications or requests to U.S. FDA,
equivalent foreign regulatory agencies and/or the New York State Department of Health, the unknown limited duration of any Emergency
Use Authorization (EUA) approval from U.S. FDA, changes in guidances promulgated by the CDC, U.S. FDA and/or CMS relating to COVID-19
surveillance and diagnostic testing, disruptions in the supply of raw materials and supplies, and various other factors detailed from
time to time in Applied DNA's SEC reports and filings, including our Annual Report on Form 10-K filed on December 17, 2020, and
Form 10-Q filed on February 11, 2021 and other reports we file with the SEC, which are available at www.sec.gov. Applied DNA undertakes
no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof
or to reflect the occurrence of unanticipated events, unless otherwise required by law.
contact: Sanjay M. Hurry, Applied DNA Sciences, 917-733-5573, sanjay.hurry@adnas.com