Boston Therapeutics Appoints Three to Management Positions
10 December 2013 - 11:00PM
Marketwired
Boston Therapeutics Appoints Three to Management Positions
Company Appoints Edward Shea as VP Business Development, Tina M.
Gagnon as Consulting Director of Finance, and Yael T. Bobruff,
Ph.D. as Clinical Affairs Manager
MANCHESTER, NH--(Marketwired - Dec 10, 2013) - Boston
Therapeutics, Inc. (OTCQB: BTHE) ("Boston Therapeutics" or "the
Company"), an innovative developer of drugs that address diabetes
using complex carbohydrate chemistry, has appointed Edward Shea as
Vice President Business Development, Tina M. Gagnon as Consulting
Director of Finance, and Yael T. Bobruff, Ph.D. as Clinical Affairs
Manager, effective immediately.
David Platt, Ph.D., Chief Executive Officer, Boston
Therapeutics, said, "As Boston Therapeutics enters the next phase
of its growth, it is imperative that we attract top talent to help
us advance and commercialize our drug development programs. Ed Shea
and Tina Gagnon's business and finance backgrounds, and Dr.
Bobruff's expertise in biology and research significantly
strengthen our management team. I am pleased they have decided to
join our Company and I look forward to working with them in the
months and years ahead."
Mr. Shea brings 25 years of biopharmaceutical experience in
commercial development, marketing and sales, having most recently
served as Sr. Eastern Area Sales Director at ViroPharma, Inc. Mr.
Shea's diverse experience includes more than 15 years of business
development, marketing and sales leadership positions with
GlaxoSmithKline and Salix Pharmaceuticals, as well as business
development experience with two start up biopharmaceutical
companies, ViroPharma and Critical Therapeutics. He holds a B.S. in
Business/Marketing and an M.B.A. from Salve Regina University in
Newport, RI.
Ms. Gagnon has more than 20 years of experience in finance. Most
recently she served as Corporate Controller at Micronetics, Inc.
(NASDAQ: NOIZ), where she oversaw a staff responsible for accounts
receivable, accounts payable, inventory management and other
activities. Prior to this, she was Controller at Amherst
Technologies, LLC; Assistant Controller of Fruit of the Loom's
Sports & Licensing Division; and Senior Corporate Auditor at
Standex International Corp. She holds a B.S. in accountancy from
Bentley College.
Dr. Bobruff was most recently a postdoctoral researcher in the
Department of Systems Biology at Harvard University Medical School
in Boston, where she studied the genetic processes and mechanisms
contributing to the evolution of host-pathogen interactions. She
earned a B.Sc. in biology from the Hebrew University of Jerusalem
and a M.Sc. in civil and environmental engineering and a Ph.D. in
biological science from Stanford University.
About Boston Therapeutics, Inc.
Boston Therapeutics, headquartered in Manchester, NH, (OTCQB:
BTHE) is an innovator in designing drugs using complex carbohydrate
chemistry. The Company's product pipeline is focused on developing
and commercializing therapeutic molecules that address Type 2
diabetes, including: PAZ320, a non-systemic chewable therapeutic
compound designed to reduce post-meal glucose elevation, and
IPOXYN, an injectable anti-necrosis drug specifically designed to
treat lower limb ischemia associated with diabetes. More
information is available at www.bostonti.com.
Forward Looking Statements
This press release contains, in addition to historical
information, forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
relate to future events or future financial performance, and use
words such as "may," "estimate," "could," "expect" and others. They
are based on our current expectations and are subject to factors
and uncertainties which could cause actual results to differ
materially from those described in the statements. Factors that
could cause our actual performance to differ materially from those
discussed in the forward-looking statements include, among others,
that our plans, expectations and goals regarding the clinical
trials are subject to factors beyond our control and provide no
assurance of FDA approval of our drug development plans. Our
clinical trials may not produce positive results in a timely
fashion, if at all, and any necessary changes during the course of
the trial could prove time consuming and costly. We may have
difficulty in enrolling candidates for testing, which would affect
our estimates regarding timing, and we may not be able to achieve
the desired results. Any significant delays or unanticipated costs
in the trials could delay obtaining meaningful results from Phase
II and/or preparing for Phase III with the current cash on
hand.
Upon receipt of FDA approval, we may face competition with other
drugs and treatments that are currently approved or those that are
currently in development, which could have an adverse effect on our
ability to achieve revenues from this proposed indication. Plans
regarding development, approval and marketing of any of our drugs,
including PAZ320, are subject to change at any time based on the
changing needs of our company as determined by management and
regulatory agencies. To date, we have incurred operating losses
since our inception, and our ability to successfully develop and
market drugs may be affected by our ability to manage costs and
finance our continuing operations. For a discussion of additional
factors affecting our business, see our Annual Report on Form 10-K
for the year ended December 31, 2012, and our subsequent filings
with the SEC. You should not place undue reliance on
forward-looking statements. Although subsequent events may cause
our views to change, we disclaim any obligation to update
forward-looking statements.
Contact: Boston Therapeutics, Inc. Anthony Squeglia Chief
Financial Officer Phone: 603-935-9799 Email:
anthony.squeglia@bostonti.com www.bostonti.com
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