SAN FRANCISCO, April 17, 2012 /PRNewswire/ -- Jennerex, Inc., a private clinical-stage biotherapeutics company focused on the development and commercialization of first-in-class targeted oncolytic virus products for cancer, today announced that Mitchell H. Gold, M.D., has joined its board of directors. Dr. Gold is the executive chairman of Dendreon Corporation (Nasdaq: DNDN), the Seattle-based biotechnology company that discovered, developed, and launched a new class of therapies called active cellular immunotherapy (ACI), specifically designed to engage a patient's own immune system against cancer. Jennerex's lead product candidate, currently enrolling patients in a Phase 2b liver cancer study, is JX-594, a proprietary, engineered oncolytic virus that is designed to selectively target and destroy cancer cells through multiple mechanisms of action.
Under Dr. Gold's leadership, Dendreon received approval from the U.S. Food and Drug Administration (FDA) for PROVENGE® (sipuleucel-T) and launched the drug in April 2010. Dr. Gold grew the company from having a market capitalization of $40 million to one of nearly $2 billion, establishing Dendreon as one of the largest biotech companies in the world. For his contributions to science through his leadership at Dendreon, Dr. Gold was given the "Oliver R. Grace Award" by the Cancer Research Institute and was named a runner-up for "Smartest CEO" by Fortune Magazine in their "Smartest People in Tech" issue.
"We are pleased to announce today that Dr. Gold has joined our board of directors, given his leadership as president and chief executive officer of Dendreon, where he guided the clinical development, regulatory strategy, and commercial introduction of its first-in-class cancer immunotherapy. His experience and leadership will prove invaluable as Jennerex advances toward late-stage clinical testing in cancer with our promising oncolytic virus therapy," stated Ken Newport, acting chief executive officer and board member of Jennerex.
"We welcome Mitch as our newest board member and believe that he will augment our leadership team with his multi-faceted experience across many disciplines including clinical development, manufacturing, regulatory, commercial and financing," stated Brennan Mulcahy, chairman of the board of Jennerex. "We are at a pivotal time in the company's history and believe the relevant experience Mitch brings will serve our company well as we seek to realize our mission of bringing JX-594 to patients.""With the advancements we've made in the field of cancer immunotherapy, I believe that we are just getting started in making progress against the war on cancer. Given the compelling clinical data, the innovative scientific approach, and the unmet needs, I believe that Jennerex's pioneering work may potentially introduce a novel, new approach for patients with liver cancer," stated Dr. Gold. "I look forward to joining the board of directors in order to develop scientific innovation, help patients, and ultimately advance the war on cancer."
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