OXiGENE Appoints Frederick W. Driscoll to Its Board of Directors
SOUTH SAN FRANCISCO, Calif., Nov. 27, 2013 (GLOBE NEWSWIRE) -- OXiGENE, Inc.
(Nasdaq:OXGN), a clinical-stage biopharmaceutical company developing novel
therapeutics to treat cancer, announced the appointment of Frederick W.
Driscoll to its board of directors, effective January 1, 2014. Mr. Driscoll is
a respected executive and financial management expert with more than 30 years
of experience in the biotechnology and medical device industries. Mr. Driscoll
will assume the role of Chairman of the OXiGENE board of directors and will
also serve on the audit committee.
"The OXiGENE management team and board welcome Fred back to our company, and
are looking forward to benefitting from his many years of executive experience
in growing companies in our industry and helping them to achieve their
corporate goals and solidify their market positions," said Peter Langecker,
M.D., Ph.D., OXiGENE's Chief Executive Officer. "Fred joins our board at an
important time in our development, as vascular disrupting agents are beginning
to achieve clinical validation, and our programs are potentially advancing
toward registration. We welcome his leadership and strategic vision."
Mr. Driscoll currently serves as Chief Financial Officer of Flexion
Therapeutics. Prior to joining Flexion, Mr. Driscoll was Chief Financial
Officer for Novavax Inc., and earlier served as Chief Executive Officer of
Genelabs Technologies, where he oversaw the sale of Genelabs to
GlaxoSmithKline. Prior to his position at Genelabs, Mr. Driscoll served in a
variety of financial and senior management positions at Astraris, Inc. and
Collagenesis Corp. He also spent more than twenty years with Instrumentation
Laboratory as vice president of finance for the Americas. From 2002 - 2006,
Mr. Driscoll served as President and Chief Executive Officer of OXiGENE. Mr.
Driscoll holds a bachelor's degree in accounting and finance from Bentley
University in Waltham, MA.
OXiGENE is a clinical-stage biopharmaceutical company developing novel
therapeutics to treat cancer. The Company's major focus is developing vascular
disrupting agents (VDAs) that selectively disrupt abnormal blood vessels
associated with solid tumor progression. The Company's lead clinical product,
ZYBRESTAT, is in development as a potential treatment for ovarian cancer and
anaplastic thyroid cancer (ATC). OXiGENE is dedicated to leveraging its
intellectual property and therapeutic development expertise to bring
life-extending and life-enhancing medicines to patients.
Safe Harbor Statement
This news release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Any or all of the
forward-looking statements in this press release, which include the timing of
advancement, outcomes, and regulatory guidance relative to our clinical
programs, achievement of our business and financing objectives may turn out to
be wrong. Forward-looking statements can be affected by inaccurate assumptions
OXiGENE might make or by known or unknown risks and uncertainties, including,
but not limited to, the inherent risks of drug development and regulatory
review, and the availability of additional financing to continue development
of our programs.
Additional information concerning factors that could cause actual results to
materially differ from those in the forward-looking statements is contained in
OXiGENE's reports to the Securities and Exchange Commission, including
OXiGENE's reports on Form 10-K, 10-Q and 8-K. However, OXiGENE undertakes no
obligation to publicly update forward-looking statements, whether because of
new information, future events or otherwise. Please refer to our Annual Report
on Form 10-K for the fiscal year ended December 31, 2012.
CONTACT: Investor and Media Contact:
Press spacebar to pause and continue. Press esc to stop.