Vancouver, British Columbia – (Newsfile Corp. – July 22, 2021) – BioCure Technology Inc., (CSE: CURE) (OTCQB: BICTF) (CURE or the company) is pleased to announce that Bjrn Cochlovius, Ph. D, Prof. Assoc., Joined BioCure Technology Inc. as president. We are also pleased to announce that Diverse Capital Pte Ltd (“Diverse Capital”) has been appointed Capital Markets Advisor.
Dr. Cochlovius brings leadership experience in several management and board positions. He has experience in science, development, fundraising, partnerships, exit preparation as well as building and transforming new entities (teams, departments, companies). Dr Cochlovius is a passionate healthcare professional combining strategic vision and business acumen with solid scientific and product development background. Bjoern Cochlovius, Ph.D ,. is a molecular biologist and associate professor of immunology at the University of Heidelberg, Heidelberg, Germany. His academic career has focused on tumor immunology and recombinant antibodies. He was a visiting scientist in Zelig Eshhar’s lab at the Weizmann Institute, a pioneer in CAR-T cell technology. Bjoern joined the industry and held various leadership positions in biotechnology (eg Affitech, Oslo) and large pharma (among others at Roche, Basel; Abbvie, Singapore) in R&D, BD&L and strategic positions. He returned to Europe in 2017, active as an independent strategic consultant and held two presidencies (Sapreme, the Netherlands; Karolinska Development, Sweden).
Diverse Capital was founded by Mr. Steven Pearce, who has over 20 years of experience in the brokerage, fund management and capital markets industry. Mr. Pearce has participated in numerous capital raisings and public listings on the Toronto Stock Exchange (TSXV), the Australian Stock Exchange (ASX), the Singapore Stock Exchange (Catalist) and the SIX Swiss Exchange (Switzerland).
BioCure Technology Inc. has granted a total of 1,250,000 stock options to certain directors, officers, employees and consultants of the Company. The options can be exercised at a price of $ 0.30 per share for a period of up to 36 months. The options and the underlying common shares are subject to a four month hold period in accordance with the policies of the Canadian Securities Exchange.
Biocure is a leading biotechnology company developing its CAR-T cell therapy for leukemia, lung, breast and pancreatic cancer. Biocure, headquartered in Korea, has joint venture partners in Asia and Europe with scheduled clinical trials starting in 2021. Biocure is in preclinical testing of five major biosimilars in South Korea, including interferon beta 1b, as well as ranibizumab. Interferon beta 1b is used to treat relapsing forms of multiple sclerosis (“MS”). Filgrastim is used to treat neutropenia, a lack of certain white blood cells caused by bone marrow transplants, chemotherapy, and other conditions. Ranibizumab is used to treat macular degeneration. It is also used to treat a type of eye problem called macular edema, as well as certain eye problems caused by diabetes.
ON BEHALF OF THE BOARD OF DIRECTORS
/ S / “SANG MOK LEE”
CEO and director
For more information, please contact:
Biocure Technology Inc. Phone: 604-609-7146, or [email protected]
Certain statements contained in this press release, which are not historical in nature, constitute “forward-looking statements” within the meaning of that term under applicable Canadian securities laws. These statements include, without limitation, statements or information regarding the activities offered by the Company under the Agreement and the expectations of the Company regarding funding payments due under the Agreement. These statements reflect the current assumptions and expectations of management and, by their nature, are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors that may cause results, performance or losses. actual events materially different from those expressed or implied by these statements. Except as required under applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information on potential factors that could affect financial results is included in documents filed from time to time with Canadian securities regulators by the Company. Readers are cautioned not to place undue reliance on forward-looking statements. Neither the Canadian Securities Exchange (the “CSE”) nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91009.
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