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Unassociated Document Company Contact: Investor Relations Contact : Senesco Technologies, Inc. Lippert/Heilshorn & Associates, Inc. Jack Van Hulst Anne Marie Fields Chief Executive Officer ( afields@lhai.com ) ( jvanhuls

Key Takeaway: Company Contact: Investor Relations Contact : Senesco Technologies, Inc. Lippert/Heilshorn & Associates, Inc. Jack Van Hulst Anne Marie Fields Chief Executive Officer ( afields@lhai.com ) ( jvanhulst@senesco.com ) (212) 838-3777 (732) 296-8400 NAMES BIOPHARMACEUTICAL EXEC

Full Press Release Details

Company Contact: Investor Relations Contact :
Senesco Technologies, Inc. Lippert/Heilshorn & Associates, Inc.
Jack Van Hulst Anne Marie Fields
Chief Executive Officer ( afields@lhai.com )
( jvanhulst@senesco.com ) (212) 838-3777
(732) 296-8400
NAMES BIOPHARMACEUTICAL EXECUTIVE DR.
BROWNE AS PRESIDENT AND CEO
NEW BRUNSWICK, N.J. (May 24, 2010) -
Senesco Technologies, Inc. ("Senesco" or the "Company") (NYSE Amex: SNT)
today announced that Leslie J. Browne, Ph.D., an accomplished executive in
biopharmaceutical drug development and clinical research, has been named
President and Chief Executive Officer of the Company, effective May 25,
2010. Dr. Browne, age 60, succeeds Jack van Hulst, who has served as
Senesco's CEO since November 2009 and remains a Director of the
Browne has more than 30 years of experience in the pharmaceutical industry
across multiple disciplines including R&D, operations and business
development. Most recently he was President and CEO of Phrixus
Pharmaceuticals, where he raised venture funding for the company's Phase II
clinical trial in heart failure. Previously he was President, CEO and
a Director of Pharmacopeia (now part of Ligand Pharmaceuticals), where he helped
transform the company into a clinical stage biopharmaceutical company with
multiple development programs, and raised more than $120 million from corporate
collaborations and institutional investors.
Browne also held key positions at Berlex/Schering AG, including Corporate Vice
President, Berlex Laboratories, and President of Schering Berlin Venture
Corporation. Earlier he was with Ciba-Geigy (now part of Novartis), where he
contributed to the discovery of Fadrozole , and was closely involved in the
discoveries of Femara and Diovan , which became major products for
Novartis. Dr. Browne recently served as a Director of Genelabs
Technologies, which was sold to GlaxoSmithKline, and was Chairman of the New
Jersey Technology Council.
Waksal, M.D., Chairman of the Board of Senesco, will introduce Dr. Browne at the
Company's Annual Meeting of Shareholders being held on Tuesday May 25, 2010 in
New York City. Commenting on the appointment, Dr. Waksal stated, "We
welcome Dr. Browne to the Senesco team, and are confident his vast professional
experience will be a strong asset as we build a leading biopharmaceutical
company. His skills will be valuable as we translate the expertise
we've developed with our proprietary gene-regulating platform technology to
develop and commercialize a pipeline of drug candidates to address unmet medical
needs in oncology and inflammatory diseases."
Waksal added, "We are especially grateful to Jack van Hulst for the excellent
job he has done during this transition period. Under his leadership
we have streamlined the Company, focused its clinical strategy on human
healthcare and, importantly, retired the Company's primary debt and raised $11
million in funding to advance its business plan. We thank him for his
service and commitment, and look forward to his continued contribution as a
valued member of our Board."
has an exciting and unique gene-regulating platform technology," commented Dr.
Browne. "I look forward to working with the Senesco team to maximize
the value of their work to date on SNS-01 in multiple myeloma, and to pursue a
variety of additional medical applications. My immediate focus will
be to advance this promising lead candidate into human clinical development and
to expand the awareness of Senesco's powerful platform technology."
Browne's academic background includes a National Institutes of Health
postdoctoral fellowship at Harvard University under the direction of Nobel
laureate Prof. R. B. Woodward, a Ph.D. in Organic Chemistry from the University
of Michigan, Ann Arbor, and a Bachelor of Science with Honors from Strathclyde
University, Glasgow, Scotland. He is named on 13 U.S. patents and has
authored more than 20 scientific articles.
Senesco Technologies, Inc.
Technologies is leveraging proprietary technology that regulates cell death, or
apoptosis. Accelerating apoptosis may have application in treating
cancer, while delaying apoptosis may have application in certain inflammatory
and ischemic diseases. The Company is preparing to initiative a human
clinical trial in multiple myeloma with its lead therapeutic
SNS-01. Senesco also has partnered with leading-edge companies
engaged in agricultural biotechnology, and earns research and development fees
for applying its gene-regulating platform technology to enhance its partners'
statements included in this press release are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Actual results could differ materially from such statements
expressed or implied herein as a result of a variety of factors, including, but
not limited to: the ability of the Company to consummate additional financings;
the development of the Company's gene technology; the approval of the Company's
patent applications; the successful implementation of the Company's research and
development programs and joint ventures; the success of the Company's license
agreements; the acceptance by the market of the Company's products; success of
the Company's preliminary studies and preclinical research; competition and the
timing of projects and trends in future operating performance, the Company's
ability to meet its funding milestones under its financing transaction, the
Company's ability to continue to comply with the continued listing standards of
the AMEX, as well as other factors expressed from time to time in the Company's
periodic filings with the Securities and Exchange Commission (the
"SEC"). As a result, this press release should be read in conjunction
with the Company's periodic filings with the SEC. The forward-looking
statements contained herein are made only as of the date of this press release,
and the Company undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
Last updated: May 24, 2010