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| VGX
Pharmaceuticals announced the appointment of Niranjan Y. Sardesai,
Ph.D.
as Senior Director, Product Development
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| BLUE
BELL, P.A. – August 23, 2006– |
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VGX Pharmaceuticals announced the appointment of Niranjan
Y. Sardesai, Ph.D. as Senior Director, Product Development.
Dr. Sardesai is an experienced veteran of the pharmaceutical industry,
with a special focus in R&D and Management of Technology. Prior to
joining VGX, Dr. Sardesai was the President of Nvision Consulting, Inc.
He also served as the Director of R&D and Director of Applied Research
at the Fujirebio Diagnostics, Inc. At Fujirebio, Dr. Sardesai oversaw
all aspects of the company’s R&D activities, with a special
focus on new product development. Prior to Fujirebio, he worked as a Senior
Scientist at IGEN International, Inc.
Dr. Sardesai received a Ph.D. in Chemistry from California
Institute of Technology and an MBA in Entrepreneurial Management from
the Wharton School of the University of Pennsylvania. Dr. Sardesai also
completed post-doctoral fellowships at the Scripps Research Institute
and the Massachusetts Institute of Technology. Dr. Sardesai graduated
at the top of his class to receive his M. Sc. in Chemistry from the Indian
Institute of Technology.
“Niranjan is well qualified to manage our Product
Development efforts. Throughout his career, Niranjan has mastered both
the technical and business sides of new product development,” said
Dr. Joseph Kim, CEO and President.
“Recruiting and retaining highly capable professionals,
such as Niranjan Sardesai, are a keystone of our global strategy of transforming
VGX Pharmaceuticals into a leading global Biopharmaceutical Company with
a pipeline consisting of major new drug candidates targeting significant
diseases,” added Dr. Kim. “Niranjan will certainly play a
key role in executing our plans.”
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Factors That May Affect Future Results - Materials in this
Web site contain information that includes or is based upon forward-looking
statements within the meaning of the Securities Litigation Reform
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in connection with a discussion of potential future events, circumstances
or future operating or financial performance. In particular, these
include statements relating to future actions, prospective products
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forward-looking statements here or in other publications may turn
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be important in determining our actual future results. Consequently,
no forward-looking statement can be guaranteed, and forward-looking
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Our actual results may vary materially, and there are no guarantees
about the performance or valuation of VGX stock. It is also important
to read the disclosure notice contained in many of the individual
VGX documents available on this Web site as many contain important
information on such cautionary factors as of the date of the individual
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we make on related subjects in our reports. |
About
VGX Pharmaceuticals
VGX Pharmaceuticals is a leading biopharmaceutical company with strong product
candidates for the treatment of infectious diseases including HIV and hepatitis
C virus (HCV) as well as cancer and inflammatory diseases. The Company’s
clinical development programs include PICTOVIR™ for HIV infection
and VGX-410C for chronic HCV infection, which are currently in Phase II
clinical trials. In addition, a Phase I clinical trial will be initiated
in 2006 for the Company’s lead cancer drug compound, VGX-150 for the
treatment of Melanoma. Moreover, VGX Pharmaceuticals’ therapeutic
platform is designed to advance a strong and continual pipeline of additional
drug candidates into the clinic with VGX-100 for cancer therapy and VGX-1027
and VGX-750 for inflammatory diseases currently in development. The product
candidates and technology programs are protected by the Company’s
extensive global intellectual property portfolio. More information about
VGX can be found at www.vgxp.com.
Company Contact:
Kevin W. Rassas
Senior Vice President
Tel 267.440.4208
Fax 267.440.4242
E-mail: Rassas@vgxp.com
www.vgxp.com
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