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Changes in CEVEC Pharma's Supervisory Board, Rainer Christine Appointed


12/22/2010 9:00:00 AM

Cologne, Germany, December 21, 2010 / b3c newswire / – CEVEC Pharmaceuticals, the developer of the CAP® protein expression system derived from human amniocytes, today announced that Rainer Christine has joined its supervisory board.

Rainer Christine was the CEO and co-founder of the German-American biotools company amaxa and plays an active role in the life sciences related venture capital industry. Under Rainer’s leadership amaxa grew from start-up in 1998 to a full-fledged and profitable life science company with strong scientific and commercial activities, 160 staff in Europe and the US, and more than EUR 100 million in cumulative sales. In 2008, amaxa was successfully sold to Lonza, a global supplier to the life-science industry.

At the same time, Gangolf Ehlen, previous Chairman of CEVEC’s supervisory board and lead investor from Venture Capital Beteiligungen Sparkasse KölnBonn, will resign from the CEVEC board to pursue a new role at Sparkasse KölnBonn. New chairman of the board will be the current vice-chairman Karlheinz Schmelig, Managing Partner at current lead investor Creathor Venture.

„CEVEC is delighted to have secured the services of Rainer Christine. With his experience and recognition as a high-profile Life Sciences entrepreneur he joins as a very valuable addition to our board“ stated Rainer Lichtenberger, Managing Director / CEO of CEVEC . Wolfgang Kintzel, Managing Director / CCO added: „We are also extremely grateful to Gangolf Ehlen for his outstanding commitment for CEVEC over the last years and wish him all the best for his new assignment at Sparkasse KölnBonn.“

The CEVEC supervisory board changes are accompanied by the successful first closing of a further financing round to expand CEVECs vaccine platform business.

CAP® cells are a human immortalized cell line derived from primary human amniocytes. CAP® cells grow in serum-free suspension cultures, allow for stable protein production and show human-like post-translational modifications including authentic human glycosylation patterns.

CAP® is a trademark of CEVEC Pharmaceuticals GmbH, all rights reserved.

About CEVEC Pharmaceuticals GmbH - www.cevec-pharmaceuticals.com

CEVEC Pharmaceuticals GmbH, operational since 2004 was founded by a group of internationally renowned scientists and clinicians from the University of Cologne. Based on their experience and their longstanding collaborative work, they had perceived a lack of innovative expression systems for more efficient production of biologics such as recombinant proteins or gene therapy vectors. CEVEC’s novel proprietary human CAP® and CAP-T® expression systems are ideal for manufacturing complex and difficult to express biopharmaceutical molecules with authentic human glycosylation patterns. The immortalized cells are derived from primary human amniocytes and meet highest ethical standards. Already adapted to serum-free growth conditions, they can be very efficiently transfected with commercially available transfection reagents and are optimized to grow in a variety of flask/wave formats up to large-scale processing in bioreactors. CEVEC offers flexible licensing arrangements for CAP® and CAP-T®. Additionally, co-development opportunities are available for selected complex therapeutic proteins made with the CAP-T® technology to address attractive target markets.

Contact Wolfgang Kintzel CCO / Geschäftsführer CEVEC Pharmaceuticals GmbH Gottfried-Hagen Straße 62 D-51105 Köln Germany Tel. : +49 (0) 221-46 02 08 - 00 Fax: +49 (0) 221-46 02 08 - 01 kintzel@cevec-pharmaceuticals.com



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