Advanced Cell Technology, Inc. (“ACT”; OTCBB: ACTC), a leader in the field of regenerative medicine, announced today that Gregory D. Perry and Zohar Loshitzer have been appointed to the company’s Board of Directors, effective today.
Mr. Perry, 51, is executive vice president and chief financial officer (CFO) of ImmunoGen, Inc., a publicly-traded biotechnology firm developing antibody-based anticancer therapeutics. Mr. Loshitzer, 54, is chief executive officer of Presbia, an ophthalmic-device firm, and is principal at Orchard Capital, a private equity firm.
“Greg and Zohar are a highly-valued addition to our Board of Directors,” said Gary Rabin, chairman and CEO of ACT. “Greg’s experience in fundraising and facilitating partnering deals in life sciences and Zohar’s background in successfully commercializing emerging technologies in medicine and other fields, as well as his background in finance, will be invaluable for ACT as there are many major milestones in front of us.”
Prior to joining ImmunoGen in January 2009, Mr. Perry was CFO of Elixer Pharmaceuticals, where he was deeply involved in partnering and fundraising, and before that he was CFO of Domantis, Ltd., a biotechnology company that was acquired by GlaxoSmithKline in 2006. Prior to that, he was senior vice president of finance and CFO of Transkaryotic Therapies, Inc. (TKT) until its acquisition by Shire plc. in 2005, and before that was with PerkinElmer and General Electric.Mr. Loshitzer previously was president, CEO and founder Universal Telecom Services (UTS). He is a co-founder of J2 Global Communications, a Nasdaq-listed company, and co-founder and former managing director of Life Alert Emergency Response, Inc. He currently serves as a managing director of Orchard Telecom, Inc., and as a board member of Environmental Solutions Worldwide, Inc. (ESW), a publicly-traded company engaged through its wholly-owned subsidiaries in the design and development of proprietary catalytic emission conversion, control and support products and technologies for the international transportation, construction and utility markets. He has also served as a board member to MAI Systems Corporation, an AMEX-listed company.