Orgenesis Inc. Announces Appointment of Senior Leadership
03 Aprile 2012 - 3:00PM
Marketwired
Orgenesis Inc. (OTCBB: ORGS) ("Orgenesis" or
the "Company"), a development stage company with a novel
therapeutic technology dedicated to convert a patient's own liver
cells into functional insulin-producing cells as a treatment for
diabetes, is pleased to announce its executive leadership team with
the appointments of Chief Executive Officer Jacob BenArie MBA,
B.Sc., Chief Financial Officer Dov Weinberg CPA, MBA and Chief
Science Officer Prof. Sarah Ferber Ph.D.
Prior to joining Orgenesis, Mr. BenArie served for the past 5
years as the CEO of Beta-Stim Ltd, a privately held company that
developed a therapy for the treatment of type-2 diabetes. Mr.
BenArie also co-founded Beta-Stim and Slender Medical, a developer
of innovative ultrasound technology applications, and the Medical
Device Design & Manufacturers Israel conference. Mr. BenArie
has over 15 years of experience in various management and R&D
positions in life science start-up companies. He holds a B.Sc. in
electronic engineering and an MBA, both from the Technion - Israel
Institute of Technology.
Mr. Weinberg brings to Orgenesis over 11 years of direct
experience in the medical device area. He is an owner and president
of Weinberg Dalyo Inc., a U.S corporation which renders business
development and financial services to companies in the life science
industry. Mr. Weinberg serves currently as CFO of QRS systems Inc.,
Innovate Inc., Mabcure Inc. and NaNaMEd LLC and was the Chief
Financial officer of Impulse Dynamics from December 2000 until the
beginning of 2009. Prior to that, Mr. Weinberg served for more than
15 years as the CFO of a large industrial multinational public
corporation in charge of finance, information systems, and taxation
of the company and its worldwide subsidiaries. Mr. Weinberg has
been a Certified Public Accountant since 1979 and received an MBA
from Bar-Ilan University in 1984 and a B.A. in Economics &
Accounting from Tel Aviv University in 1977.
Prof. Sarah Ferber studied biochemistry at the Technion under
the supervision of Professor Avram Hershko and Professor Aaron
Ciechanover, winners of the 2004 Nobel Prize in Chemistry. She
completed a post-doctoral fellowship at the Joslin Diabetes Center
at Harvard Medical School. Prof. Ferber's breakthrough discovery
suggested that humans carry their own 'stem-cells' throughout
adulthood, thus obviating the need for embryonic stem cells for
generating an organ in need. Most of the research regarding this
discovery was conducted in Prof. Ferber's own lab facilities; the
Endocrine Research Lab at the Sheba Medical Center, which currently
employs 11 scientists. Prof. Sarah Ferber received TEVA, LINDNER,
RUBIN and WOLFSON awards for this research. Prof. Ferber's research
work has been funded over the past 10 years by the Juvenile
Diabetes Research Foundation (JDRF), the Israel Academy of Science
foundation (ISF) and D-Cure, a non-profit organization that
promotes and funds scientific research in Israel, aimed at finding
a cure and better treatments for diabetes (together, over
US$4M).
Orgenesis is pleased to introduce the executive leadership team
and invites interested readers to visit our website at
www.orgenesis.com to find out more about the Company and its goal
to bring about the end of diabetes as we now know it.
Further details of the Company's business, finances,
appointments and agreements can be found as part of the Company's
continuous public disclosure as a reporting issuer under the
Securities Exchange Act of 1934 filed with the Securities and
Exchange Commission's ("SEC") EDGAR database. For more information
visit: www.orgenesis.com.
About Orgenesis Inc. (OTCBB: ORGS)
Orgenesis 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 AIPC 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. 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 Orgenesis Inc.
Vered Caplan, Chairperson
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Contact: Investor Relations Crescendo Communications, LLC
Email: orgs@crescendo-ir.com Tel: +1-877-560-9060 Web:
www.orgenesis.com
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Grafico Azioni Orgenesis (QX) (USOTC:ORGS)
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