XRpro appoints Gary G. Altman as President, CEO and member of Board of Directors

XRpro appoints Gary G. Altman as President, CEO and member of Board of Directors

CAMBRIDGE, Mass. – Caldera Pharmaceuticals and its subsidiary XRpro Corp, a provider of proprietary drug disc XRpro appoints Gary G. Altman as President, CEO and member of Board of Directors overy services for high-throughput ion-channel inhibitor assays and enzyme activity assays, announces that Gary G. Altman has accepted the position of President, CEO and a member of the Board of Directors.

At the heart of the company’s science are instruments and technologies utilizing X-ray fluorescence which enhances the efficiency, speed, and efficacy of early-stage drug discovery. The company provides real-time kinetic data on hERG channel activity on intact cell populations, and can also screen 10,000 ion-channel inhibitors in one day, as well as screen 10,000 enzyme substrates in a few hours.

Mr. Altman comes to XRpro Corp. with a background in leading public and private technical businesses in drug discovery and in vitro diagnostics. He successfully led a global business at Beckman Coulter and served as VP of Global Strategy, Market & Business Development for a $1B unit of Beckman Coulter until its acquisition by Danaher. In addition, Gary was co-founder of Sequoia Pharmaceuticals of Gaithersburg, MD.

Altman said he was attracted to XRpro because of its unique technology and its broad applications. “I’m extremely optimistic about the technology, and its commercial potential. We have several competitive advantages including our ion-channel inhibitor screening that can evaluate 10,000 compounds in one day. In addition, we can get real-time, ion-channel kinetics on populations of intact cells. Add to that the capability to screen 10,000 substrate candidates in a few hours. These are impressive assets that will improve the efficiency, and efficacy, of early-stage drug discovery. The science is solid, the patent estate is formidable, and we have a capable team,” said Altman. “Equally important is the fact that we have revenues, a supportive and well-functioning Board.”

“Gary brings experience in leading scientific businesses, and establishing operational excellence with a focus on customer satisfaction. This is exactly what we need to build on our technological success, and early commercial success,” says Ben Warner founder and Chairman of the Board. Warner earned his PhD in Chemistry from MIT, developed and then licensed critical IP from Los Alamos National Laboratory. He is an inventor on more than 30 issued and pending patents.

Altman serves as President, CEO and a member of the Board of Directors of Caldera Pharmaceuticals, Inc., and its subsidiary, XRpro Corp, located in Los Alamos, NM and Cambridge, MA.