Press release Communiqué de presse
Press release Communiqué de presse
June 26, 2006 26 June, 2006
Justin Leushner Appointed to Board of Directors
Kelowna, B.C. -- To facilitate the progress of
diabetes product development project,
Sciences Corp. ("Pheromone") is pleased to
Mr. Justin Leushner of London, Ontario, has
President of the Company, effective immediately.
addition, Mr. Leushner has been appointed to
the Board of
Directors. He is currently the manager of the Islet
Transplant Program at the London Health
Centre's ("LHSC") world renowned Multi-Organ
Program. His role as President will include
responsibility for monitoring the progress of
diabetes research project being conducted at the
facilities. The project is Pheromone's primary
focus and is being funded by the Company's
completed $3.2 million financing.
"Mr. Leushner brings with him a thorough knowledge of the research goals and possibilities of the technology we will be developing," said Pheromone Chief Executive Officer Dev Randhawa. "His balance of business acumen and scientific understanding makes him an excellent representative of our company's profile."
Mr. Leushner is also President and 50 percent shareholder in Sertonex Inc., a private London Ontario based company Pheromone is acquiring in stages as a result of Pheromone exercising its option under a recent joint venture and financing agreement with Sertonex and Sertoli Technologies Inc. of Tucson, Arizona. Under the terms of that agreement, Sertonex and Sertoli Technologies both have the right to nominate one member to Pheromone's board.
About Justin Leushner Mr. Leushner has had an extensive and diverse business career in the life sciences and biotechnology industries. He has participated in many entrepreneurial start-up companies, which have included consumer products, new technologies and biotechnology. He was also responsible for developing a national molecular diagnostics program for MDS Inc., Canada's largest life science's company, and served as a business analyst and portfolio advisor to the Canadian Medical Discoveries Fund. In 2004, Mr. Leushner co-founded Sertonex Inc. with Dr. David White, now Pheromone's primary researcher on the diabetes project.
An MBA graduate of the University of Western Ontario's Ivey School of Business, Mr. Leushner also holds a B.Sc. in Cell Physiology/Genetics from the University of British Columbia and numerous technical designations in Forensic Science and Molecular Biology.
About the Research Project Pheromone's research project is intended to lead to a procedure approved by the U.S. Food and Drug Administration for treating diabetes by transplanting into humans a device containing pig islets and Sertoli cells. The islet cells produce insulin almost identical to that found in humans, and the Sertoli cells naturally protect the islet cells from attack by the body's immune system. The research is based on several proof-of-concept experiments completed by Dr. White and others.
Pheromone Sciences Corp. is a biotechnology research and development company focused on commercializing medical technologies.
ON BEHALF OF THE BOARD
Dev Randhawa, President
For further information contact:
TEL: (250) 868-8177 Mr. Phil Morehouse FAX: (250) 868-8493 Pheromone Sciences Corp.
TEL: (519) 639-7867 Mr. Justin Leushner FAX: (519) 858-5142 Sertonex Inc.
TEL: (520) 748-4458 Ms. Jan McCoy Hutchinson FAX: (520) 748-0025 Sertoli Technologies Inc.