March 22, 2007
Lab Business Week
Dr. Robert Langer Named as Chairman of Boston Life Sciences, Inc. Newly Formed Science and Technology Committee of the Board of Directors
Boston Life Sciences, Inc. (NASDAQ:BLSI), a biotechnology company focused on diagnostic and therapeutic products for central nervous system disorders, announced that the Company has formed a Science and Technology Committee comprised of independent directors of the Board. The committee consists of Robert Langer, Sc.D., of MIT who will serve as chair of the committee, Henry Brem, M.D., of Johns Hopkins University School of Medicine and Gary Frashier, of Management Associates.
"I'm looking forward to working with Henry and Gary on BLSI's Science and Technology Committee," stated Dr. Langer. "Our mission is to provide management and our fellow board members with independent perspective and strategic guidance as the company continues to rationalize and build its new product pipeline and intellectual property estate."
"We are continually assessing the potential value of our existing and prospective programs in the context of existing, emerging and potential competition. I believe that Bob, Henry and Gary will provide extremely valuable insights into and independent assessments of our strategic technology direction. Our recent acquisition of Cethrin(R) to treat acute spinal cord injury was an important step on the path to redefining BLSI and its strategic vision. The unique experiences that Bob, Henry and Gary share will enable us to further accelerate our efforts in expanding our development pipeline and creating a dominant position in the technology platforms we are pursuing," said Peter Savas, BLSI's Chairman and CEO.
The role of the Science and Technology Committee will be to assist with drug discovery and development strategies, identify processes for evaluating and acquiring technology, and review of the Company's R & D programs. The Committee will also make recommendations to the Board on the Company's major technology positions and strategies for new therapies, trends in healthcare and changing market requirements. The Science and Technology Committee will complement the Company's current Audit, Compensation, and Governance Committees.
Dr. Robert Langer, Sc.D. is one of 13 Institute Professors at the Massachusetts Institute of Technology (MIT). He has written over 900 articles and nearly 550 issued or pending patents worldwide. His work is at the interface of biotechnology and materials science. A major focus is the study and development of polymers to deliver drugs, particularly genetically engineered proteins, DNA and RNAi, continuously at controlled rates for prolonged periods of time. Henry Brem, M.D., a nationally acclaimed neurosurgeon, has been at Johns Hopkins University School of Medicine since 1984. Today he serves as the Director of the Department of Neurosurgery, Harvey Cushing Professor of Neurosurgery, Professor of Ophthalmology, and Oncology. He is also Director of the Hunterian Neurosurgical Research Laboratory. He is responsible for developing Gliadel from concept through preclinical and clinical trials and through FDA approval. Dr. Brem holds several patents for therapeutic agents and delivery methods. Gary Frashier, through his company Management Associates, has been a strategic consultant to entrepreneurial companies in the life sciences field for the last five years. He served as Chairman and Chief Executive Officer of OSI Pharmaceuticals, Inc. His other executive positions include Genex Corporation, Continental Water Systems, Inc., Millipore Corporation and Waters Associates.
Lab Business Week
Dr. Robert Langer Named as Chairman of Boston Life Sciences, Inc. Newly Formed Science and Technology Committee of the Board of Directors
Boston Life Sciences, Inc. (NASDAQ:BLSI), a biotechnology company focused on diagnostic and therapeutic products for central nervous system disorders, announced that the Company has formed a Science and Technology Committee comprised of independent directors of the Board. The committee consists of Robert Langer, Sc.D., of MIT who will serve as chair of the committee, Henry Brem, M.D., of Johns Hopkins University School of Medicine and Gary Frashier, of Management Associates.
"I'm looking forward to working with Henry and Gary on BLSI's Science and Technology Committee," stated Dr. Langer. "Our mission is to provide management and our fellow board members with independent perspective and strategic guidance as the company continues to rationalize and build its new product pipeline and intellectual property estate."
"We are continually assessing the potential value of our existing and prospective programs in the context of existing, emerging and potential competition. I believe that Bob, Henry and Gary will provide extremely valuable insights into and independent assessments of our strategic technology direction. Our recent acquisition of Cethrin(R) to treat acute spinal cord injury was an important step on the path to redefining BLSI and its strategic vision. The unique experiences that Bob, Henry and Gary share will enable us to further accelerate our efforts in expanding our development pipeline and creating a dominant position in the technology platforms we are pursuing," said Peter Savas, BLSI's Chairman and CEO.
The role of the Science and Technology Committee will be to assist with drug discovery and development strategies, identify processes for evaluating and acquiring technology, and review of the Company's R & D programs. The Committee will also make recommendations to the Board on the Company's major technology positions and strategies for new therapies, trends in healthcare and changing market requirements. The Science and Technology Committee will complement the Company's current Audit, Compensation, and Governance Committees.
Dr. Robert Langer, Sc.D. is one of 13 Institute Professors at the Massachusetts Institute of Technology (MIT). He has written over 900 articles and nearly 550 issued or pending patents worldwide. His work is at the interface of biotechnology and materials science. A major focus is the study and development of polymers to deliver drugs, particularly genetically engineered proteins, DNA and RNAi, continuously at controlled rates for prolonged periods of time. Henry Brem, M.D., a nationally acclaimed neurosurgeon, has been at Johns Hopkins University School of Medicine since 1984. Today he serves as the Director of the Department of Neurosurgery, Harvey Cushing Professor of Neurosurgery, Professor of Ophthalmology, and Oncology. He is also Director of the Hunterian Neurosurgical Research Laboratory. He is responsible for developing Gliadel from concept through preclinical and clinical trials and through FDA approval. Dr. Brem holds several patents for therapeutic agents and delivery methods. Gary Frashier, through his company Management Associates, has been a strategic consultant to entrepreneurial companies in the life sciences field for the last five years. He served as Chairman and Chief Executive Officer of OSI Pharmaceuticals, Inc. His other executive positions include Genex Corporation, Continental Water Systems, Inc., Millipore Corporation and Waters Associates.
