Don Drakeman joins 4- Antibody Board
[They forgot to mention that he is also an accomplished expert in the technicalities of pricing management options]
BASEL, Switzerland, Nov. 8, 2007- 4-Antibody AG, today announced that Prof. Donald Drakeman, Venture Partner at Advent Ventures has joined the 4- Antibody Board.
Don is an entrepreneur and highly experienced executive who, prior to joining Advent Venture Partners in 2007, co-founded two leading monoclonal antibody companies, Medarex, Inc., and Genmab A/S. Under his leadership as CEO of Medarex, the company raised over a billion dollars, formed alliances with many pharmaceutical companies, developed numerous therapeutic products, and spun-off Genmab, which subsequently completed Europe's largest biotech IPO to date. During his 22 years in the industry, he has overseen the progress of numerous innovative new antibody therapeutics for cancer, infectious disease and inflammation from research concept to clinical trials.
"We are very excited to be able to tap into Don's deep experience in antibody development and deal- making. Don joining our Board at this critical point in the Company's lifecycle gives us a unique opportunity to accelerate the Company's development towards becoming a new gold standard for the discovery of fully human monoclonal antibodies," stated Prof. Dr. Max Burger, Chairman of 4-Antibody's Board.
Commenting on his appointment, Don Drakeman said; "I am very pleased to join 4-Antibody's Board, as 4- Antibody is a tremendously exciting company which I believe will play a leading role in the discovery and development of antibody therapeutics of the future."
About 4-Antibody AG
4-Antibody AG is a Basel, Switzerland based privately owned company, with a wholly owned subsidiary in Jena, Germany. 4-Antibody owns a novel and proprietary technology platform (4mAb(tm)) for the discovery of fully human monoclonal antibodies and develops a broad pipeline of fully human antibodies for severe and chronic diseases. For more information about 4-Antibody, visit our website at 4-antibody.com <http://www.4-antibody.com/> . |
