OrthoLogic Appoints William M. Wardell, MD, PhD, to Board of Directors
13 Febbraio 2006 - 3:37PM
PR Newswire (US)
TEMPE, Ariz., Feb. 13 /PRNewswire-FirstCall/ -- OrthoLogic Corp.
(NASDAQ:OLGC) announced today the appointment of William M.
Wardell, M.D., Ph.D., to its Board of Directors. Dr. Wardell owns
and operates the consulting firm Wardell Associates International
LLC in Princeton, NJ, where he specializes in drug development,
regulatory approval, and safety for a range of pharmaceutical and
biotechnology companies. Dr. Wardell has published over one hundred
scientific papers and four books, and has testified as an expert in
drug development during several Congressional hearings. Dr. Wardell
has 22 years of experience in the healthcare industry, holding
leadership positions as President, Protein Engineering Corporation
(now DYAX); Senior Vice President of Drug Development, Parke-Davis;
Vice President and Medical Director, Boehringer Ingelheim
Pharmaceuticals; Senior Scientific Officer, Covance; and Executive
Director of the Covance Institute for Drug Development Sciences.
During his tenure at these companies, Dr. Wardell was responsible
for 11 approved New Drug Applications. He previously served as an
associate professor of Pharmacology, Toxicology and Medicine,
attending on the Clinical Pharmacology consultation service of
Strong Memorial Hospital at the University of Rochester Medical
Center, where he co-founded and directed the University's Center
for the Study of Drug Development. Dr. Wardell earned his MA, PhD
in pharmacology, and MD at the University of Oxford (UK), and was a
Merck International Fellow in Clinical Pharmacology and Medicine
under Dr. Louis Lasagna at the University of Rochester / Strong
Memorial Hospital. He currently serves on the Board of Directors of
PhytoCeutica, Inc., the Scientific Advisory Board of Eleos, Inc.,
and the Board of the American Board of Clinical Pharmacology. "We
are pleased to welcome Bill to our Board of Directors. He is an
industry veteran with extensive clinical and regulatory expertise,"
stated James M. Pusey, M.D., President and Chief Executive Officer
of OrthoLogic. "Dr. Wardell's contributions will prove to be
valuable as we advance Chrysalin in its late stage indications -
acceleration of fracture repair and healing of diabetic foot
ulcers." In addition to serving on OrthoLogic's Board of Directors,
Dr. Wardell will lead the Company's Clinical and Regulatory Review
Board. About OrthoLogic OrthoLogic is a biotechnology company
focused on the development and commercialization of the novel
synthetic peptide Chrysalin(R) (TP508) in two lead indications,
both of which represent areas of significant unmet medical need -
fracture repair and diabetic foot ulcer healing. Based on the
Company's pioneering scientific research of the natural healing
cascade, OrthoLogic has become the leading company focused on
tissue and bone repair. OrthoLogic is committed to developing a
pipeline of novel peptides and other molecules aimed at helping
patients with equally under-served conditions. The Company
maintains exclusive worldwide rights for Chrysalin. OrthoLogic's
corporate headquarters are in Tempe, Arizona. For more information,
please visit the Company's website: http://www.orthologic.com/.
Forward-Looking Statements Statements in this press release or
otherwise attributable to OrthoLogic regarding our business that
are not historical facts are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements, which include the timing and
acceptability of FDA filings and the efficacy and marketability of
potential products, involve risks and uncertainties that could
cause actual results to differ materially from predicted results.
These risks include: delays in obtaining or inability to obtain FDA
approval; institutional review board or other regulatory approvals
of preclinical or clinical testing; unfavorable outcomes in our
preclinical and clinical testing; the development by others of
competing technologies and therapeutics that may have greater
efficacy or lower cost; delays in obtaining or inability to obtain
FDA or other necessary regulatory approval of our products; our
inability to successfully and cost effectively develop or outsource
manufacturing and marketing of any products we are able to bring to
market; changes in FDA or other regulations that affect our ability
to obtain regulatory approval of our products, increase our
manufacturing costs or limit our ability to market our products;
our inability to raise additional capital in the future needed to
fund the continued development of our Chrysalin Product Platform;
and other factors discussed in our Form 10-K for the fiscal year
ended December 31, 2004, our Form 10-Q for the quarter ended
September 30, 2005, and other documents we file with the Securities
and Exchange Commission. First Call Analyst: FCMN Contact:
DATASOURCE: OrthoLogic Corp. CONTACT: Media, Lauren Tortorete of
Biosector 2 for OrthoLogic Corp., +1-212-845-5609; or Investors,
Melanie Friedman of Stern Investor Relations for OrthoLogic Corp.,
+1-212-362-1200 Web site: http://www.orthologic.com/
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