Press Release:
CYTOCHROMA ANNOUNCES APPOINTMENT OF
PETER MOLDT TO BOARD OF DIRECTORS
Markham, Ontario,
Canada —November 25, 2009 — Cytochroma today
announced the appointment of Peter
Moldt, PhD to its Board
of Directors. Dr. Moldt will replace Mr. Ulrik Spork
as the Novo A/S representative on the Company’s Board. The
number of Board members remains unchanged at six members.
“We are very pleased to welcome
Peter Moldt to the board and look forward to benefiting from
his experience and guidance as Cytochroma continues to make
progress in becoming a leading CKD-focused specialty pharmaceutical
company,” stated
Alan Lewis, Ph.D., Chairman of Cytochroma’s Board of
Directors. “We are grateful
for the advice that Ulrik Spork has provided to Cytochroma
over the past year, and wish him well in the future.”
Dr. Moldt has significant
experience in corporate strategy, company operations, and drug
development. He was most
recently CEO of Curalogic A/S, a company he cofounded in 2004
and subsequently took public. Before Curalogic A/S, he
was Chief Operating Officer of 7TM Pharma A/S, a company which
he cofounded in 2000. Prior to 2000, Dr. Moldt spent
11 years with NeuroSearch A/S, where he was responsible for
all aspects of pre-clinical and clinical drug development. Dr.
Moldt holds a PhD in medicinal chemistry from the Royal Danish
School of Pharmacy, and has been a post-doc with Yale University’s
Department of Organic Chemistry.
About Cytochroma
Cytochroma
is a clinical stage specialty pharmaceutical company focused
on developing and commercializing proprietary products to treat
and prevent the clinical consequences of vitamin D insufficiency
and secondary hyperparathyroidism (SHPT) associated with chronic
kidney disease (CKD). The Company specializes
in developing new vitamin D therapies which are designed to
safely and effectively treat patients with stage 3, 4 or 5
CKD. Cytochroma has three product candidates in clinical
development for CKD patients: CTA018 Injection and CTAP201
Injection are being developed for the treatment of SHPT in
stage 5 CKD, while CTAP101 Capsules are being developed for
the treatment of vitamin D insufficiency and associated SHPT
in stage 3 and 4 CKD. CTA018 Injection is being developed
in partnership with Mitsubishi Tanabe Pharma Corporation for
the U.S. and Asian markets, and Cytochroma retains co-promotion
rights for this product in the U.S. In addition, Cytochroma
is developing novel therapies to treat hyperphosphatemia in
CKD patients.
For information contact:
Cytochroma Investors:
Gordon Ngan
Executive Director, Corporate Development
Tel: +1 (905) 479-5306 ext. 333
gngan@cytochroma.com
Cytochroma Media:
Robert Stanislaro (FD)
Tel: +1 (212) 850-5657
robert.stanislaro@fd.com
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