CytoDyn appoints Board member Dr Scott Kelly as new Chairman of its Board of Directors

– USA, WA – CytoDyn Inc. (OTCMKTS:CYDY), a biotechnology company developing a novel humanized CCR5 monoclonal antibody for multiple therapeutic indications, today announced that its board of directors has appointed Scott A. Kelly, M.D., FAAPMR as chairman of the board. Dr. Kelly has served as a member of CytoDyn’s board since April 2017 and succeeds Anthony D. Caracciolo, who will continue to serve as a director of the Company.

“We are delighted to have Scott serve as our chairman of the board and look forward to supporting him in his new role,” said Nader Pourhassan, PhD, president, CEO and director of CytoDyn. “Scott has been instrumental in our strategy to aggressively develop leronlimab (PRO 140) in certain immunology and oncology indications. He played a key role in our recent acquisition of ProstaGene, which provided CytoDyn with essential patents as well as insight into the role of CCR5 in metastatic cancer. He also was instrumental in our selection of metastatic triple-negative breast cancer as our first oncology indication. Under CytoDyn’s expanded development strategy, we are preparing to enroll breast cancer patients in our first oncology trial while in parallel advancing our clinical programs in HIV.”

“I see tremendous potential with leronlimab for metastatic cancers and a host of other indications where, in many instances, patients have few if any treatment options,” said Dr. Kelly. “Leronlimab blocks a specific site of the CCR5 receptor and has shown potential in a surrogate assay of metastatic breast cancer to halt that cancer from metastasizing and in animal studies to inhibit the growth of colon cancer, while also having potential to provide a safer, once-weekly and less toxic option for patients with HIV. I am a long-time supporter of CytoDyn and believe our expanding product pipeline represents an exciting future for our Company and our shareholders.

“I speak for the full board in extending gratitude to Tony Caracciolo for his direction and valuable contributions as chairman of CytoDyn over the past five years, and share our appreciation for his ongoing support as a member of our board,” added Dr. Kelly.

About Dr Kelly

Dr. Kelly is a practicing physician and published author. He is board certified in Physical Medicine and Rehabilitation, and has served at Atlanta-based Resurgens Orthopaedics since 2002, including as Director of the Safety Council since 2013 and as Medical Director of the Resurgens Orthopaedics’ Spine Center since 2007. He is a fellow of the American Board of Physical Medicine and Rehabilitation and a diplomate of the American Academy of Physical Medicine and Rehabilitation. He also is a member of the Spine Intervention Society, Georgia Society of Interventional Spine Physicians, and American Academy of Physical Medicine and Rehabilitation. He has received numerous honors including being named as America’s Best Physicians in 2018 by the National Consumer Advisory Board, Leading Physicians of the World in 2018 by the International Association of HealthCare Professionals (IAHCP), America’s Most Honored Professionals in 2018 by The American Registry, America’s Best Physicians in 2016, 2017 and 2018 by The National Consumer Advisory Board, “Top Doctor” in 2015, 2016, 2017 and 2018 by Castle Connolly, and “Top Doctor” by Atlanta Magazine in 2016, 2017 and 2018. He is the author of What I’ve Learned from You: The Lessons of Life Taught to a Doctor by His Patients. He received his BA in Psychology from Emory University, his medical doctorate from Medical College of Georgia and completed his medical residency at Emory University.

About CytoDyn

CytoDyn is a biotechnology company developing innovative treatments for multiple therapeutic indications based on leronlimab (PRO 140), a novel humanized monoclonal antibody targeting the CCR5 receptor. CCR5 plays a key role in the ability of HIV to enter and infect healthy T-cells. The CCR5 receptor is also implicated in tumor metastasis and in immune-mediated illnesses such as graft-vs-host disease (GvHD) and NASH. CytoDyn has successfully completed a Phase 3 pivotal trial with leronlimab in combination with standard anti-retroviral therapies in HIV-infected treatment-experienced patients. The Company plans to seek FDA approval for leronlimab in combination therapy and plans to complete the filing of a Biological License Application (BLA) in the first quarter of 2019 for that indication. CytoDyn is also conducting a Phase 3 investigative trial with leronlimab as a once-weekly monotherapy for HIV-infected patients, and plans to initiate a registration-directed study of leronlimab monotherapy indication, which if successful, could support a label extension. Clinical results to date from multiple trials have shown that leronlimab can significantly reduce viral burden in people infected with HIV with no reported drug-related serious adverse events (SAEs). Moreover, results from a Phase 2b clinical trial demonstrated that leronlimab monotherapy can prevent viral escape in HIV-infected patients, with some patients on leronlimab monotherapy remaining virally suppressed for more than four years. CytoDyn is also conducting a Phase 2 trial to evaluate leronlimab for the prevention of GvHD and expects to initiate clinical trials with leronlimab in metastatic triple-negative breast cancer in 2018.

For more information : https://www.cytodyn.com

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Talent4Boards Team

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