Bioasis Announces Rob Hutchison, Founder, to Retire as Chairman & Board Member
posted on
Sep 18, 2017 02:29PM
Bioasis Announces Rob Hutchison, Founder, to Retire as Chairman & Board Member
Additional Board & Leadership Team Changes Also Announced
Sept. 18, 2017
VANCOUVER, BC, BIOASIS TECHNOLOGIES INC. (OTCQB:BIOAF; TSX.V:BTI: bioasis.us) today announces that Rob Hutchison, Bioasis founder, former chief executive officer and current chairman of the board of directors (BoD), will retire as chairman and board member, effective Dec. 31, 2017. Board member Michael Hutchison will also step down from the Bioasis BoD in October 2017.
“Rob first informed me that he was ready to step down early on in my interview process. I convinced him to stay on to help transition the company to my leadership team and it is with a heavy heart that we now make this announcement publicly,” said Mark Day, Ph.D. “I am grateful for Rob’s support and guidance. He is great person, a big thinker, an innovator and a great friend. I will miss working with Rob.”
“Michael has kindly offered to remain on the board until a suitable replacement candidate is identified in October,” said Dr. Day. “I would like to take this opportunity to publicly thank Michael for his unwavering support since I joined the company.”
The Company recently announced the nominations of three exemplary, world-class biotech and pharmaceutical executives to the board of directors. “Dr. Maha Radhakrishnan, Dr. Deborah Rathjen and Dr. Nancy Stagliano are formidable executives and are 100 percent committed to actively working to help shape the company,” said Dr. Day. “I really look forward to working with them and learning from their experiences. I have had several conversations with each of them regarding their participation on the BoD. They will work to drive the company forward with the same vigor, strategic prowess and tactical execution as they have in their other companies. I encourage our shareholders to vote with management in their nominations.”
About Warren K. Volles, Esq.
Warren K. Volles, Esq., founder of IPraxus Legal, LLC. provides businesses with alternatives for handling their intellectual property (IP) needs. For over 25 years, Warren K. Volles, Esq. has provided legal advice on IP matters to some of the world’s foremost multinational companies both as corporate counsel and in private practice. He was previously the assistant general counsel at Bristol Myers Squibb and also was responsible for managing their IP and conducting due diligence in licensing and mergers and acquisitions.
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Volles earned his bachelor of science degree in chemical engineering and material science from the University of Connecticut and his juris doctor degree from the Pace University School of Law.
About Bioasis
Bioasis Technologies Inc. is a biopharmaceutical company focused on overcoming the limitations of therapeutic drug delivery across the blood-brain barrier (BBB). The delivery of therapeutics across the BBB represents the single greatest challenge in treating neurological disorders. The company is developing and commercializing the xB3 platform, Bioasis’ proprietary blood-brain barrier delivery technology, to address unmet medical needs in the treatment of central nervous system diseases and disorders. The company maintains headquarters in Vancouver, Canada with offices in Connecticut, United States. Bioasis trades on the OTCQB under the symbol “BIOAF” and on the TSX Venture Exchange under the symbol “BTI.” For more information about the company please visit www.bioasis.ca.
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