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Cleveland BioLabs Announces Changes To Board Of Directors

Stocks in this article: CBLI

From 1999 to 2001, Mr. Principi served as President of QTC Management Inc., the largest private provider of government-outsourced occupational health and disability examination services in the U.S. and was later named Chief Executive Officer and Executive Chairman. Prior to this, he was Senior Vice President at Lockheed Martin IMS Corp. He served as chief counsel and staff director of the U.S. Senate Armed Services Committee from 1993 to 1994 following his tenure as Deputy Secretary of Veterans Affairs from 1989 to 1992. From 1984 to 1988, he served as chief counsel and staff director of the U.S. Senate Committee on Veterans' Affairs, following three years as counsel to the chairman of the Senate Armed Services Committee. He earned a Juris Doctor degree from Seton Hall University in 1975 and was assigned to the Navy's Judge Advocate General Corps., and later appointed as legislative counsel for the Department of the Navy. Mr. Principi received a Bachelor's degree from the U.S. Naval Academy and was awarded the Bronze Star with combat "V" for valor and several other military decorations for valor.

About Cleveland BioLabs, Inc.

Cleveland BioLabs, Inc. is a clinical-stage biotechnology company leveraging deep mechanistic understanding of the cell death process, apoptosis, to develop a robust pipeline of compounds primarily focused on oncology applications and mitigation of radiation injury. The Company's lead compound is being developed as both a radiation countermeasure and a cancer treatment. The Company has two operating subsidiaries, Incuron, LLC, and Panacela Labs, Inc., and strategic relationships with the Cleveland Clinic, Roswell Park Cancer Institute, the Children's Cancer Institute Australia and the Armed Forces Radiobiology Research Institute. To learn more about Cleveland BioLabs, Inc., please visit the Company's website at http://www.cbiolabs.com .

This press release contains certain forward-looking information about Cleveland BioLabs that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding our ability to successfully obtain regulatory approval for our therapeutic product candidates; statements regarding our ability to successfully develop and commercialize our therapeutic products; our ability to expand our long-term business opportunities; the conduct and results of our various clinical trials; and future performance. All of such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. 

These factors include, among others, the Company's inability to obtain regulatory approval in a timely manner or at all; the Company's failure to develop new products; the Company's collaborative relationships and the financial risks related thereto; the risks inherent in the early stages of drug development and in conducting clinical trials. Some of these factors could cause future results to materially differ from the recent results or those projected in forward-looking statements. See also the "Risk Factors" and "Forward-Looking Statements" described in the Company's periodic filings with the Securities and Exchange Commission.

Contact:
Rachel Levine, Vice President, Investor Relations
Cleveland BioLabs, Inc.
T: (646) 284-9439
E: rlevine@cbiolabs.com

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