Ohr Pharmaceutical Appoints June S. Almenoff to Board of Directors

      Ohr Pharmaceutical Appoints June S. Almenoff to Board of Directors

PR Newswire

NEW YORK, May 22, 2013

NEW YORK, May 22, 2013 /PRNewswire/ --Ohr Pharmaceutical Inc. (OTCQB: OHRP),
a pharmaceutical company focused on the development of novel therapeutics for
unmet medical needs, today announced the appointment of June S. Almenoff,
M.D., Ph.D., to its Board of Directors. Dr. Almenoff has extensive experience
in the pharmaceutical industry, working on early and late stage drug
development.

"We are delighted to have Dr. Almenoff join Ohr's Board," said Dr. Irach
Taraporewala, CEO of Ohr Pharmaceutical. "She offers tremendous expertise in
the areas of pharmaceutical research and development, risk management, and
product licensing. We look forward to working with June as we continue to
achieve significant corporate milestones including the halfway point in
enrollment of the Squalamine eye drop phase II clinical trial and our proposed
listing on NASDAQ, both expected by midyear."

"I am excited to be joining the board of Ohr," said Dr. June Almenoff. "Ohr
has a promising pipeline and excellent team, and I look forward to working
with the Board to help drive the company toward future success."

June S. Almenoff, M.D., Ph.D. is President and Chief Medical Officer of Furiex
Pharmaceuticals, a pharmaceutical development and collaboration company (FURX:
Nasdaq); she serves as the company's Principal Executive Officer and a member
of the Board of Directors. Since its inception in 2010, Furiex has completed
two successful proof-of-concept programs, one of which has advanced to pivotal
Phase III trials. Prior to joining Furiex, Dr. Almenoff had over 12 years of
pharmaceutical industry experience at GlaxoSmithKline. During her tenure at
GSK, she was a Vice President in the Clinical Safety organization at GSK,
where she chaired a Pharma-FDA working group, and she also worked in the area
of scientific licensing. While at GSK, Dr. Almenoff led teams that developed
several systems for minimizing risk in early- and late-stage drug development,
which were recognized by the Wall Street Journal Technology Innovation Award
and several other prestigious awards. Prior to joining GSK, Dr. Almenoff was
on the faculty of Duke University Medical Center, where she is currently a
Consulting Professor of Medicine.

Dr. Almenoff received her B.A. cum laude from Smith College. She graduated
from the M.D.-Ph.D. program at the Mt. Sinai School of Medicine and completed
a residency in Internal Medicine and a Fellowship in Infectious Diseases at
Stanford University Medical Center. Dr. Almenoff is a board-certified Fellow
of the American College of Physicians with 10 years of clinical practice
experience, and she has authored 50 publications.

About Ohr Pharmaceutical Inc.
Ohr Pharmaceutical Inc. (OHRP) is a pharmaceutical company dedicated to the
clinical development of new drugs for underserved therapeutic needs in large
and growing markets. The Company is focused on advancing its pipeline products
currently in phase II clinical development: Squalamine Eye Drops for the
treatment of the wet form of age-related macular degeneration, and OHR/AVR118
for the treatment of cancer cachexia. Additional information on the company
can be found at www.ohrpharmaceutical.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:
This news release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are made only as the date thereof,
and Ohr Pharmaceutical undertakes no obligation to update or revise the
forward-looking statement whether as a result of new information, future
events or otherwise. Our actual results may differ materially and adversely
from those expressed in any forward-looking statements as a result of various
factors and uncertainties, including the future success of our scientific
studies, our ability to successfully develop products, rapid technological
change in our markets, changes in demand for our future products, legislative,
regulatory and competitive developments, the financial resources available to
us, and general economic conditions. Shareholders and prospective investors
are cautioned that no assurance of the efficacy of pharmaceutical products can
be claimed or assured until final testing, and no assurance or warranty can be
made that the FDA or Health Canada will approve final testing or marketing of
any pharmaceutical product. Ohr's most recent Annual Report on Form 10-K and
subsequent Quarterly Reports on Form 10-Q discuss some of the important risk
factors that may affect our business, results of operations and financial
condition. We disclaim any intent to revise or update publicly any
forward-looking statements for any reason.

Contact:
Ohr Pharmaceutical Inc.
Investor Relations:
Tel: (877) 215-4813
Email: ir@ohrpharmaceutical.com

SOURCE Ohr Pharmaceutical Inc.

Website: http://www.ohrpharmaceutical.com
 
Press spacebar to pause and continue. Press esc to stop.