Full Press Release Details
Therapeutics Announces Appointment of Boyan Litchev, M.D. as Chief Medical Officer
Drug Developer Brings More Than Twenty Years of Medical Leadership and Clinical Oncology Experience
Track to Initiate Phase 1 Study of Decoy20 in 2022
YORK (January 3, 2022) - Indaptus Therapeutics, Inc. (Nasdaq: INDP) ("Indaptus" or the "Company"), today
announces the appointment of Dr. Boyan Litchev, M.D., as Chief Medical Officer, effective January 31, 2022. Dr. Litchev will oversee
clinical strategy, clinical development and the conduct of all clinical programs and will report directly to Jeffrey A. Meckler, Chief
Executive Officer of Indaptus.
are delighted to welcome Boyan to the Indaptus team," said Mr. Meckler. "During 2021, we transitioned Indaptus into a cutting-edge
company based on a new medical modality and this appointment underscores the progress we've made and the potential for our novel
technology. We look forward to 2022 under Dr. Litchev's stewardship as we plan to initiate clinical studies of Decoy20. His diverse
experience, including both as an oncology clinical researcher and executive leader, will provide important insights as we advance our
pipeline from the bench to the bedside over the coming years."
is an exciting time to join Indaptus, as the Company embarks on initiating first-in-human clinical trials with its promising proprietary
platform that is designed to activate both the innate and adaptive cellular immune pathways to treat various human diseases," said
Dr. Litchev. "I look forward to working with the team and bringing my skillsets and experience as we advance this novel approach
towards developing new medicines for patients with some of the highest unmet medical needs."
Litchev brings significant experience across a multitude of medical leadership roles that are specifically relevant for Indaptus. Before
joining Indaptus, Dr. Litchev served as Senior Vice President and Head of Global Clinical Development Oncology at Shoreline Biosciences.
Before that, he was Head of Clinical Development Oncology, Medical Affairs and Safety at Poseida Therapeutics, where he led all activities
related to CAR-T programs in solid tumors. In addition, he has held similar executive medical positions at Halozyme, Akcea Therapeutics
(now Ionis Pharmaceuticals), Baxalta/Baxter/Shire (now Takeda), and Ferring Pharmaceuticals. Earlier, Dr. Litchev was a Clinical Team
Leader, Oncology at Quintiles International (now IQVIA). Prior to that he practiced as a physician and clinical researcher. Dr. Litchev
holds an M.D. degree from Medical University Plovdiv.
Indaptus Therapeutics
Therapeutics has evolved from more than a century of immunotherapy advances. The Company's approach is based on the hypothesis
that efficient activation of both innate and adaptive immune cells and associated anti-tumor and anti-viral immune responses will
require a multi-targeted package of immune system activating signals that can be administered safely intravenously. Indaptus'
patented technology is composed of single strains of attenuated and killed, non-pathogenic, Gram-negative bacteria, with reduced
i.v. toxicity, but largely uncompromised ability to prime or activate many of the cellular components of innate and adaptive
immunity. This approach has led to broad anti-tumor and anti-viral activity, including safe, durable anti-tumor response synergy
with each of five different classes of existing agents, including checkpoint therapy, targeted antibody therapy and low-dose
chemotherapy in preclinical models. Tumor eradication by Indaptus technology has demonstrated activation of both innate and adaptive
immunological memory and, importantly, does not require provision of or targeting a tumor antigen in pre-clinical models. Indaptus
has carried out successful GMP manufacturing of its lead clinical oncology candidate, Decoy20, and is currently completing other IND
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to, the following: Indaptus' plans to develop and potentially commercialize its technology, the timing and cost of Indaptus'
planned investigational new drug application and any clinical trials, the completion and receiving favorable results in any clinical
trials, Indaptus' ability to obtain and maintain regulatory approval of any product candidate, Indaptus' ability to protect
and maintain its intellectual property and licensing arrangements, Indaptus' ability to develop, manufacture and commercialize
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financing following the merger. These risks, as well as other risks are discussed in the proxy statement/prospectus that was included
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