Regulatory News:
EpiCept Corporation (Nasdaq and OMX Nordic Exchange: EPCT) announced
today the appointment of A. Collier Smyth, M.D., former senior vice
president of medical strategy – oncology at Bristol-Myers Squibb Company
(BMS), to its Board of Directors.
Prior to his recent retirement from BMS, Dr. Smyth led oncology medical
affairs in the United States, including the U. S. life-cycle development
of paclitaxel (Taxol®), carboplatin (Paraplatin®)
and ifosfamide (Ifex®). Most recently, he participated in the
launch of multiple BMS oncology drugs, including cetuximab (Erbitux®),
dasatinib (Sprycel®) and ixabepilone (Ixempra®).
During his thirteen-year tenure with BMS, Dr. Smyth oversaw key aspects
of medical strategy, medical liaison, medical information, clinical
operations, regulatory affairs, quality assurance and compliance in the
oncology division of BMS. At times, medical affairs for virology and
immunoscience were added to his oncology responsibilities.
"We are delighted that Dr. Smyth has decided to join our Board of
Directors,” stated Robert Savage, Chairman of the Board of Directors.
"It is a tremendous opportunity to be able to bring someone with his
wealth of expertise and experience in the field of oncology to the
EpiCept Board, particularly as the company prepares for the launch in
Europe of Ceplene® (histamine dihydrochloride) with a
commercial partner. Dr. Smyth will also be an invaluable asset to
EpiCept as it pursues regulatory approval for Ceplene in other key
global markets and advances its promising earlier-stage oncology
compound crinobulin.”
Prior to joining BMS, Dr. Smyth served as vice president of medical
affairs with American Oncology Resources, Inc., now U.S. Oncology, where
he was responsible for establishing the medical strategic priorities of
the country’s largest oncology physician group practice. Previously, Dr.
Smyth was the founder and president of New Hampshire
Oncology/Hematology, the first office-based medical oncology practice in
New Hampshire.
Dr. Smyth also serves on the Board of Directors of Ariad
Pharmaceuticals, Inc.
About EpiCept Corporation
EpiCept is focused on unmet needs in the treatment of cancer and pain.
The Company's broad portfolio of pharmaceutical product candidates
includes Ceplene®, a cytokine immunomodulator that recently
received marketing authorization in Europe for the remission maintenance
of AML patients, and pain therapies that are in clinical development.
Two oncology drug candidates currently in clinical development that were
discovered using in-house technology have also been shown to act as
vascular disruption agents in a variety of solid tumors.
Forward-Looking Statements
This news release and any oral statements made with respect to the
information contained in this news release, contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements include statements
which express plans, anticipation, intent, contingency, goals, targets,
future development and are otherwise not statements of historical fact.
These statements are based on our current expectations and are subject
to risks and uncertainties that could cause actual results or
developments to be materially different from historical results or from
any future results expressed or implied by such forward-looking
statements. Factors that may cause actual results or developments to
differ materially include: the risks associated with the adequacy of our
existing cash resources and our ability to continue as a going concern,
the risks associated with our ability to continue to meet our
obligations under our existing debt agreements, the risk that our
securities may be delisted by The Nasdaq Capital Market or the OMX
Nordic Exchange and that any appeal of the delisting determination may
not be successful, the risk that Ceplene® will not receive
regulatory approval or marketing authorization in the United States or
Canada, the risk that Ceplene® will not be launched in Europe
in the second half of 2009 or achieve significant commercial success,
the risk that we are unable to find a suitable marketing partner for
Ceplene® on attractive terms, a timely basis or at all, the
risk that any required post-approval clinical study for Ceplene®
will not be successful, the risk that we will not be able to maintain
our final regulatory approval or marketing authorization for Ceplene®,
the risk that Myriad's development of AzixaTM will not be
successful, the risk that AzixaTM will not receive regulatory
approval or achieve significant commercial success, the risk that we
will not receive any significant payments under our agreement with
Myriad, the risk that the development of our other apoptosis product
candidates will not be successful, the risk that we will not be able to
find a buyer for our ASAP technology, the risk that clinical trials for
EpiCeptTM NP-1 or crinobulin will not be successful, the risk
that EpiCeptTM NP-1 or crinobulin will not receive regulatory
approval or achieve significant commercial success, the risk that we
will not be able to find a partner to help conduct the Phase III trials
for EpiCeptTM NP-1 on attractive terms, a timely basis or at
all, the risk that our other product candidates that appeared promising
in early research and clinical trials do not demonstrate safety and/or
efficacy in larger-scale or later stage clinical trials, the risk that
we will not obtain approval to market any of our other product
candidates, the risks associated with our dependence upon key personnel,
the risks associated with reliance on collaborative partners and others
for further clinical trials, development, manufacturing and
commercialization of our product candidates; the cost, delays and
uncertainties associated with our scientific research, product
development, clinical trials and regulatory approval process; our
history of operating losses since our inception; the highly competitive
nature of our business; risks associated with litigation; and risks
associated with our ability to protect our intellectual property. These
factors and other material risks are more fully discussed in our
periodic reports, including our reports on Forms 8-K, 10-Q and 10-K and
other filings with the U.S. Securities and Exchange Commission. You are
urged to carefully review and consider the disclosures found in our
filings, which are available at www.sec.gov
or at www.epicept.com.
You are cautioned not to place undue reliance on any forward-looking
statements, any of which could turn out to be wrong due to inaccurate
assumptions, unknown risks or uncertainties or other risk factors.
EPCT-GEN
*Azixa is a registered trademark of Myriad Genetics, Inc.