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Filed by newsfilecorp.com News Release For Immediate Release Orgenesis Announces Management Changes White Plains, NY

Key Takeaway: News Release For Immediate Release Orgenesis Announces Management Changes White Plains, NY January 7, 2013 Orgenesis Inc. (OTCBB:ORGS) ( Orgenesis or the Company ), a development-stage company with a novel therapeutic technology dedicated to converting a patient s own liver c

Full Press Release Details

News Release
For Immediate Release
Orgenesis Announces Management Changes
White Plains, NY January 7, 2013 Orgenesis Inc.
(OTCBB:ORGS) ( Orgenesis or the Company ), a development-stage company with a
novel therapeutic technology dedicated to converting a patient s own liver cells
into functioning insulin-producing cells as a treatment for diabetes, announced
today the appointment of Sav DiPasquale as President and Chief Executive
Officer. Mr. DiPasquale succeeds Jacob BenArie, who has been appointed Chief
Executive Officer of the Company s private subsidiary, Orgenesis Ltd.
Mr. DiPasquale has a strong history of executive leadership
success within the life sciences industry.
Prior to joining Orgenesis, Mr. DiPasquale worked with
GlaxoSmithKline Inc. ( GSK ), a world leading research-based pharmaceutical
company, for over 16 years in Canada. There, he served in various technology and
marketing capacities including his most recent role as Vice President, Business
Development and Corporate Planning. Among his many accomplishments at GSK, Mr.
DiPasquale established and managed a multi-million dollar business unit focused
on Type1 diabetes. He also led the creation, launch and management of a $50M GSK
venture capital fund in Canada purposed with helping to commercialize Canadian
scientific innovation from start-up and emerging life sciences companies. Mr.
DiPasquale holds a B.Sc. in computer science from the University of Toronto and
has completed the Executive Program at the Schulich School of Business.
We are very pleased to have attracted a business leader of
Sav's caliber to the Orgenesis executive team. His extensive and demonstrable
record of accomplishment in helping to commercialize new technologies in
diabetes and other therapeutic areas will be a great asset for the Company going
forward, said Orgenesis Chairperson, Vered Caplan.
Ms. Caplan continued, On behalf of the Orgenesis Board, I
would also like to thank Jacob for the many significant contributions that he
has made to the Company s success. We look forward to continuing to work closely
with him in his new senior management role.
I am driven by the promise of this opportunity to improve the
lives of people living with this disease, said Sav DiPasquale. And I am very
much looking forward to being a part of the Orgenesis team and bringing this
therapeutic technology to market.
About Orgenesis Inc.
Orgenesis (OTCBB: ORGS) is a development stage company with a
novel therapeutic technology that employs a molecular and cellular approach
directed at converting a patient's own liver cells into functional insulin
producing cells, as a treatment for diabetes. The Company believes that
converting the diabetic patient's own tissue into insulin-producing cells
overcomes the problem of donor shortage and removes the risk of transplant
rejection. If successful, this could mean the end of diabetes, as we now know
it. For more information visit: www.orgenesis.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements"
which are not purely historical. Such forward-looking statements include, among
other things, the expectations of management that our regeneration technology
can be developed as therapeutic treatment for diabetes. No assurance can be
given that any of the events anticipated by the forward-looking statements will
occur or, if they do occur, what benefits the Company will obtain from them.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with new projects and development stage
companies, which include, without limitation, the potential failure of
development candidates to advance through preclinical studies or demonstrate
safety and efficacy in clinical testing and the ability to pass clinical trials
so as to move on to the next phase, our ability to retain key employees and our
ability to finance development or satisfy the rigorous regulatory requirements
for new medical procedures. Competitors may develop better or cheaper
alternatives to our products. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements. Investors should
refer to the risk factors disclosure outlined in our periodic reports filed from
time-to-time with the Securities and Exchange Commission.
On Behalf of the Board
Vered Caplan, Chairperson
Investor Contact:
Stephen Kilmer
Kilmer Lucas Inc.
T: 212-618-6347
stephen@kilmerlucas.com
Media Contact:
Leonard Zehr
Kilmer Lucas Inc.
T: (416) 833-9317
leonard@kilmerlucas.com
Last updated: Jan 7, 2013