Full Press Release Details
| CONTACTS : | ||
| Investors: | Bernie Hertel, Inovio Biomedical, 858-410-3101 | |
| Media: | Jeff Richardson, Richardson & Associates, 805-491-8313 |
Ng Tee Khiang Appointed to Inovio Biomedical s
Board of Directors
SAN DIEGO, April 06,
2009 Inovio Biomedical Corporation (NYSE Amex: INO), a leader in enabling the
development of DNA vaccines using electroporation-based DNA delivery, announced today that Mr. Ng Tee Khiang has been appointed to the Company s Board of Directors.
years of entrepreneurial and investment management experience. He is a
co-founder, partner and director of multiple investment companies, including
Evia Capital Partners Pte. Ltd. and Evia Growth Opportunities Ltd. since 2004,
and has been a director of Grenidea Technologies Pte. Ltd. since 2003, of
Venture TDF Pte. Ltd. since 2001 and of Wing Huat Loong Pte. Ltd. since
1991. He has also been Chairman and
Director of CNT Health Food Pte. Ltd., a nutraceutical supplements contract
manufacturer, since 2000. In such
positions, Mr. Ng has focused on seed, pre-IPO, and IPO investment
opportunities. From 2002 through 2006, Mr. Ng served as a director of Asia
Growth Opportunities Ltd. and Raintree Ventures, investors in Inovio. In the 1990s, he was chairman of three
technology companies, Vital Technology, MediaRing Ltd., and AceFusion, helping secure
seed and venture capital, guide strategic growth, and facilitate sale of the
companies (Vital and Acefusion) or a public listing (MediaRing). Mr. Ng
has an M.Sc. in Industrial Engineering from Stanford University.
Ng Tee Khiang has worked extensively with
technology growth companies and we welcome him to Inovio s board of directors,
said Dr. Avtar Dhillon, Inovio s president, CEO and a director.
About Inovio Biomedical
Inovio Biomedical is focused
on developing DNA vaccines for cancers and infectious diseases using its novel
method for DNA delivery electroporation which uses brief, controlled
electrical pulses to increase cellular uptake of useful biopharmaceuticals.
Initial human data has shown that Inovio s electroporation-based DNA delivery
technology can significantly increase gene expression and immune responses from
DNA vaccines. Immunotherapy partners include Merck, Wyeth, Tripep, Vical,
University of Southampton, Moffitt Cancer Center, the U.S. Army, National
Cancer Institute, and International Aids Vaccine Initiative. Inovio s
technology is protected by an extensive patent portfolio covering in vivo electroporation. The company has entered into a
definitive merger agreement with VGX Pharmaceuticals. More information is
available at www.inovio.com.
and the public are encouraged to read the relevant pending registration and
proxy solicitation-related documents filed with the SEC with respect to the
pending transaction between Inovio and VGX Pharmaceuticals because they contain
important information about the companies, the transaction, the securities to
be issued and the expectations for the combined company. The pending
registration statement/proxy statement filed on Form S-4 and other
merger-related documents are available, without charge, from the SEC s web site
be obtained, free of charge, by requesting such documents, including any items
incorporated by reference, from Inovio.
press release contains certain forward-looking statements relating to our plans
to develop our electroporation drug and gene delivery technology and our
pending merger transaction. Actual events or results may differ from our
expectations as a result of a number of factors, including the uncertainties
inherent in clinical trials and product development programs, including, but
not limited to, the fact that pre-clinical and clinical results referenced in
this release may not be indicative of results achievable in other trials or for
other indications and that results from one study may not necessarily be
reflected or supported by the results of other similar studies. These factors
also include issues involving patents and whether they or licenses to them will
provide Inovio with meaningful protection from others using the covered
technologies, whether such proprietary rights are enforceable or defensible or
infringe or allegedly infringe on rights of others or can withstand claims of
invalidity and whether Inovio can finance or devote other significant resources
that may be necessary to prosecute, protect or defend them, assessments of our
technology by potential corporate or other partners or collaborators, issues
pertaining to Inovio s pending merger transaction including the timing and
outcome of the registration and stockholder approval processes required prior
to any closing of the transaction, if it closes at all, and other factors set
forth in our Annual Report on Form 10-K for the year ended December 31,
2008 and other regulatory filings from time to time. There can be no assurance
that any product in our product pipeline will be successfully developed or
manufactured, that final results of clinical studies will be supportive of
regulatory approvals required to market licensed products, or that any of the
forward-looking information provided herein will be proved accurate.