AIVITA Biomedical Strengthens Board of Directors with Appointment of Ex-Biogen CEO Michel Vounatsos

 

IRVINE, Calif., Feb. 27, 2024 /PRNewswire/ -- AIVITA Biomedical, Inc., a biotech company specializing in innovative stem cell applications, today announced the appointment of distinguished healthcare executive Michel Vounatsos to its board of directors. Michel is a seasoned executive and strategic visionary in the pharmaceutical industry who adds invaluable expertise and guidance to AIVITA's board.

"Michel brings a wealth of experience in the commercial development of late-stage therapeutics," said AIVITA CEO Dr. Hans S. Keirstead. "His governance and strategy will benefit our Phase 3 approved cancer asset and commercially approved pathogen vaccine asset."

Michel Vounatsos is a career healthcare executive and former Chief Executive Officer of Biogen. Prior to joining Biogen, Michel had a 20-year career at Merck where he held commercial leadership positions across Europe. He also held management positions at Ciba-Geigy, a pharmaceutical company. He has CSCT certificate in Medicine from the Université Victor Segalen, Bordeaux II, France and an MBA from the HEC School of Management in Paris.

AIVITA Biomedical has recently received clinical approval by the US FDA for a Phase 3 trial of its personal immunotherapy for glioblastoma multiforme, which showed a 50% increase in progression-free survival in Phase 2 trials. The company is also commercializing a point-of-care-made personalized vaccine which demonstrated improved safety and enhanced cellular immune memory and protection in 97% of evaluable subjects during clinical testing.

About AIVITA Biomedical

Founded in 2016 by pioneers in the cell therapy industry, AIVITA Biomedical, Inc. utilizes its expertise in stem cell growth and directed, high-purity differentiation to enable safe, efficient and economical manufacturing systems which support its therapeutic pipeline. Our cancer immunotherapy targets the seed of all cancers, tumor-initiating cells, with a unique pan-antigenic approach that targets all neoantigens specific to the patient's cancer. Our patient-specific cancer treatments have shown great promise including eradicating tumors, without harmful side effects in melanoma, and renal cell cancer, and prolonging progression-free survival in glioblastoma. Our Vaccine Enabling Kit for infectious diseases is targeted to emerging nations enabling point-of-care vaccine production in minimally equipped facilities by minimally trained third-party technicians.

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This communication contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as applicable. Forward-looking statements include, but are not limited to, statements regarding our plans, beliefs, expectations and assumptions, as well as other statements that are not necessarily historical facts. You are cautioned that these forward-looking statements are only predictions and involve risks and uncertainties. Further, any forward-looking statement speaks only as of the date as of which it is made, and we do not intend to update or revise any forward-looking statements. This communication also contains market data related to our business and industry which includes projections that are based on a number of assumptions we believe are reasonable and most significant to the projections as of the date of this communication. If any of our assumptions prove to be incorrect, our actual results may significantly differ from our projections based on these assumptions. This communication is neither an offer to sell nor a solicitation of an offer to buy any of the securities described herein.

AiVita Biomedical

 

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SOURCE AIVITA Biomedical, Inc.

 

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