BLUE BELL,
Pa., Nov. 19, 2013
/PRNewswire/ -- Inovio Pharmaceuticals, Inc. (NYSE MKT: INO)
reported that the International Vaccine Institute (IVI)
appointed Inovio's President and CEO, Dr. J. Joseph Kim, to the IVI Board of Trustees
where he will serve a three-year term to oversee the governance and
management of the institute. Internationally recognized vaccine
experts Professor Fred Binka and Dr.
George R. Siber were also named to
the board today. The International Vaccine Institute is the world's
only international organization devoted exclusively to developing
and introducing new and improved vaccines to protect the world's
poorest people, especially children in developing
countries.
"The new members bring scientific, industrial, and global
health expertise that will boost IVI's ability to make an impact in
improving the health of the most impoverished," said Dr.
Christian Loucq, IVI's Director
General. He added, "IVI has undergone several changes to strengthen
its governance and management, and to increase transparency. We
look forward to capitalizing on the experience and knowledge they
bring as we continue to evolve as an institute."
"I am honored to be selected to serve this world class
institute. I will bring a sense of urgency to my work with IVI to
advance its critical mission for improving human health, especially
for impoverished children," said Dr. J.
Joseph Kim, Inovio's President and CEO.
Dr. Kim is an internationally recognized leader in
vaccines. He holds a PhD in immunology from the University of Pennsylvania, an MBA in Finance from
Wharton, as well as dual
undergraduate degrees from MIT. As a
founder and CEO of Inovio Pharmaceuticals, he led the company's
focus on developing prophylactic and therapeutic vaccines for both
developed markets and developing-world markets. Dr. Kim has a
strong background in both health and public policy including
serving as a member of the World Economic Forum's Young Global
Leaders as a member for WEF's Global Agenda Council on
Korea.
About IVI
Established in 1997, IVI
operates as an independent international organization under a
treaty signed by 35 countries and the World Health Organization.
The Institute conducts research in more than 20 countries of
Asia, Africa and Latin
America on vaccines against enteric and diarrheal
infections, Japanese encephalitis, and dengue fever, and develops
new and improved vaccines at its headquarters in Seoul, Republic of Korea. For more
information, please visit
www.ivi.int.
About Inovio Pharmaceuticals, Inc.
Inovio is revolutionizing vaccines to prevent and treat
today's cancers and challenging infectious diseases. Its SynCon®
vaccines, in combination with its proprietary electroporation
delivery, are generating best-in-class immune responses, with
therapeutic T-cell responses exceeding other technologies in terms
of magnitude, breadth, and response rate. Human data to date have
shown a favorable safety profile. Inovio's lead vaccine, a
therapeutic against HPV-caused pre-cancers and cancers, is in phase
II. Other phase I and preclinical programs target prostate, breast,
and lung cancers as well as HIV, influenza, malaria and hepatitis.
Partners and collaborators include Roche, the University of Pennsylvania, Merck, NIH, HIV
Vaccines Trial Network, National Cancer Institute, U.S. Military
HIV Research Program, University of Southampton, US Dept. of
Homeland Security, University of
Manitoba and PATH Malaria Vaccine Initiative. More
information is available at
www.inovio.com.
This press release contains certain forward-looking
statements relating to our business, including our plans to develop
electroporation-based drug and gene delivery technologies and DNA
vaccines and our capital resources. Actual events or results may
differ from the expectations set forth herein as a result of a
number of factors, including uncertainties inherent in pre-clinical
studies, clinical trials and product development programs
(including, but not limited to, the fact that pre-clinical and
clinical results referenced in this release may not be indicative
of results achievable in other trials or for other indications,
that the studies or trials may not be successful or achieve the
results desired, that pre-clinical studies and clinical trials may
not commence or be completed in the time periods anticipated, that
results from one study may not necessarily be reflected or
supported by the results of other similar studies and that results
from an animal study may not be indicative of results achievable in
human studies), the availability of funding to support continuing
research and studies in an effort to prove safety and efficacy of
electroporation technology as a delivery mechanism or develop
viable DNA vaccines, the adequacy of our capital resources, the
availability or potential availability of alternative therapies or
treatments for the conditions targeted by the company or its
collaborators, including alternatives that may be more efficacious
or cost-effective than any therapy or treatment that the company
and its collaborators hope to develop, evaluation of potential
opportunities, issues involving product liability, issues involving
patents and whether they or licenses to them will provide the
company with meaningful protection from others using the covered
technologies, whether such proprietary rights are enforceable or
defensible or infringe or allegedly infringe on rights of others or
can withstand claims of invalidity and whether the company can
finance or devote other significant resources that may be necessary
to prosecute, protect or defend them, the level of corporate
expenditures, assessments of the company's technology by potential
corporate or other partners or collaborators, capital market
conditions, the impact of government healthcare proposals and other
factors set forth in our Annual Report on Form 10-K for the
year ended December 31, 2012, our Form 10-Q for the quarter
ended September 30, 2013, and other
regulatory filings from time to time. There can be no assurance
that any product in Inovio's pipeline will be successfully
developed or manufactured, that final results of clinical studies
will be supportive of regulatory approvals required to market
licensed products, or that any of the forward-looking information
provided herein will be proven accurate.
CONTACTS:
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Investors:
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Bernie Hertel, Inovio
Pharmaceuticals, 858-410-3101, bhertel@inovio.com
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Media:
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Jeff Richardson,
Inovio Pharmaceuticals, 267-440-4211,
jrichardson@inovio.com
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http://photos.prnewswire.com/prnh/20131118/LA18202LOGO)
SOURCE Inovio Pharmaceuticals, Inc.