NanoVector Hires Vice President of R&D for Nanotechnology Cancer Therapeutics

RALEIGH, N.C.--(BUSINESS WIRE)--NanoVector, Inc. announced today that Paul M. Steed, Ph.D. has joined the company as its Vice President of Research and Development. Dr. Steed has 16 years of experience in pharmaceutical R & D, including 10 at Ciba/Novartis and 6 in the biotech industry. He has a thorough understanding of all aspects of pharmaceutical R&D, primarily in the areas of oncology and inflammation/immunology and has numerous high-impact publications. Most recently Dr. Steed served as head of biology for Serenex, which was acquired in April of 2008 by Pfizer, Inc; primarily for its oncology products in clinical and pre-clinical development. At Serenex Dr. Steed managed all aspects of biological research and preclinical biology and helped guide the lead cancer drug SNX-5422 through early development. His background spans small molecules and biologics, a unique combination essential for efficient progress of the NanoVector technology.