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Arno Therapeutics Announces The Appointment Of Mr. Glenn Mattes As President And Chief Executive Officer

Arno Therapeutics, Inc. (ARNI.PK), a clinical-stage biopharmaceutical company focused on developing oncology therapeutics, today announced the appointment of Mr. Glenn Mattes as President, Chief Executive Officer and member of the Board of Directors.

“I am very honored and excited to join Arno Therapeutics as President and Chief Executive Officer,” said Mr. Mattes. “Arno currently has three innovative compounds in development that have the potential to be either first or best in class products upon regulatory approval. Arno is well-positioned to execute our comprehensive, global clinical development programs for all three assets as well as additional compounds that Arno may seek to strategically license. I have successfully built market-leading companies throughout my career and believe that my mission is to lead and accelerate the continued growth of Arno. Arno has the potential to become a significant presence in the oncology therapeutic space through the commercialization of novel oncology products that address unmet medical needs.”

"We are delighted to welcome Glenn as President and CEO of Arno. His strategic vision, prior leadership positions, and extensive experience in pharmaceutical development will make him instrumental to the success of Arno as we move our exciting oncology assets through clinical development," said Arie Belldegrun, M.D., Arno’s Chairman of the Board. “In the third quarter of last year, Arno closed on a successful $15 million financing, providing Arno with the funds necessary to continue development of our three product portfolio. I am confident that with Glenn’s leadership, those funds will be put to good use in building value for stockholders and developing much-needed treatments for patients suffering from cancer.”

Mr. Mattes brings over 25 years of commercialization and general management experience that spans a wide range of businesses. During that time, he has established a reputation for leading innovative organizations and developing business in highly specialized and complex therapeutic areas, including oncology. Since 2002, Mr. Mattes served as the President of Tibotec Therapeutics, a Johnson & Johnson operating company focused on oncology and virology therapeutics. At Tibotec, Mr. Mattes led the organization responsible for the development, marketing and sales of novel antiretroviral compounds in North America. Under Mr. Mattes’ leadership, Tibotec successfully launched the first two Johnson & Johnson products in the United States’ HIV/AIDS market. In 2008, Mr. Mattes was appointed to the President’s Advisory Council on HIV/AIDS (PACHA) by the U.S. Secretary of Health and Human Services to counsel White House administrations on both domestic and global health and treatment issues.

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