SAN ANTONIO–(BUSINESS WIRE)–Inspyr Therapeutics, Inc. (OTCQB: NSPX), a clinical-stage biotechnology aggregation developing atypical prodrug analysis for the analysis of cancer, announces that Christopher Lowe has been appointed President and Chief Controlling Officer, and as a affiliate of the Company’s Board of Directors. Mr. Lowe brings to Inspyr Analysis added than 15 years of controlling administration acquaintance in activity sciences as Chief Controlling Officer, Chief Banking Officer and Chief Business Officer, and has been an adviser to the Company’s Board of Directors back March 2016.
“The Board is afflicted with Chris’ adeptness to bound the cogent abeyant of mipsagargin and beforehand a allusive aisle advanced for our Company,” said Dr. Peter Grebow, Inspyr Therapeutics’ Acting Chairman. “His accurate almanac in developing and implementing accumulated and banking strategies in abutment of biologic development makes him the ideal baton for Inspyr Therapeutics. His abounding successes accord us aplomb he will booty the all-important accomplish to beforehand mipsagargin and body stakeholder value. This is a new day at Inspyr Analysis and our Board is actual aflame about our prospects.”
“The accumulation of analytic abstracts generated to date by mipsagargin leads us to accept that this asset could abode several unmet medical needs potentially as a standalone analysis or as a aggregate therapy,” said Mr. Lowe. “Mipsagargin’s different aggregate of authority and assurance creates development options that we are currently examining. In the a term, we plan to added strengthen the administration team, ascertain our analytic development plan and ensure able capitalization. We apprehend to allotment our affairs with shareholders in the a appellation and on a approved base thereafter.”
In March 2016, the Aggregation appear that its Board of Directors had affianced the consultancy FLG Partners, LLC and its accomplice Mr. Lowe to admonish on the cardinal aisle forward, including optimizing analytic and authoritative development of mipsagargin, and advising on business development and allotment initiatives. FLG Partners will abide its assurance with a focus on accouterment senior-level banking support, amid added activities.
Mr. Lowe is an able C-level banking and operational executive. He has been active in adopting added than $500 actor in clandestine and accessible financings, completed added than $1 billion in M&A affairs and adjourned added than $300 actor in debt instruments. He ahead was acting CEO and CFO of about traded medical technology aggregation Hansen Medical, and CFO and Chief Business Officer of about traded biologic development aggregation Anthera Pharmaceuticals. Prior to that, Mr. Lowe served in assorted chief banking positions that included CFO of Asthmatx, a medical accessory aggregation acquired by Boston Scientific, and Chief Accounting Officer and Accumulated Controller of Peninsula Pharmaceuticals acquired by Johnson & Johnson. Mr. Lowe holds a B.S. from California Polytechnic State University, San Luis Obispo and an MBA from Saint Mary’s University, Texas. He serves on the Board of Directors of a captivated EpiBiome.
About Inspyr TherapeuticsInspyr Therapeutics, Inc. (formerly accepted as GenSpera, Inc.) is developing a atypical technology belvedere that combines a able cytotoxin (thapsigargin) with a patented prodrug commitment arrangement that targets the absolution of drugs aural solid tumors after the ancillary furnishings of chemotherapeutic agents. Mipsagargin, its advance biologic candidate, has been advised in a Phase 2 analytic balloon in patients with hepatocellular blight (liver cancer) and has been accepted Orphan Biologic appellation by the U.S. Food and Biologic Administration (FDA) in this indication. Mipsagargin is currently actuality evaluated in an open-label, single-arm, Phase II analytic abstraction in patients with glioblastoma (brain cancer) and is additionally actuality evaluated in two Phase II analytic pilot studies in patients with prostate and bright corpuscle renal cancer. For added advice on Inspyr Therapeutics, appointment www.inspyrtx.com
Cautionary Statement Apropos Forward-Looking InformationThis advice may accommodate advanced statements. Investors are cautioned that statements in this certificate apropos abeyant applications of Inspyr Therapeutics’ technologies or the approaching affairs of the aggregation aggregate advanced statements that absorb risks and uncertainties, including, after limitation, risks inherent in the development and commercialization of abeyant products, ambiguity of analytic balloon after-effects or authoritative approvals or clearances, charge for approaching capital, assurance aloft collaborators and aliment of our bookish acreage rights and the accepting of Inspyr Therapeutics’ proposed therapies by the bloom community. Actual after-effects may alter materially from the after-effects advancing in these advanced statements. Added advice on abeyant factors that could affect our after-effects and added risks and uncertainties will be abundant from time to time in Inspyr Therapeutics’ alternate letters filed with the Securities and Exchange Commission.
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