CellCyte Genetics Corp. Announces the Appointment of Douglas Pat Cerretti, Ph.D. to President
BELLEVUE, Wash.--([ BUSINESS WIRE ])--CellCyte Genetics Corporation (OTCBB: [ CCYG ]) announced today the appointment of Dr. Douglas Pat Cerretti to the position of President effective July 24, 2010. Dr. Cerretti will retain his responsibilities as Chief Science Officer and Director of Business Development. aI am very encouraged by our efforts to engage independent clinical research laboratories to collaborate in the application of CellCytea™s bioreactor product,a said Dr. Cerretti.
"We are pleased to have Doug step into this key operating management role"
CellCytea™s bioreactor product is a cell expansion device that allows the culture of cells at high density and under precisely controlled oxygenation, providing an alternative to standard cell culture methods. CellCyte is seeking additional collaborative relationships with other independent clinical research laboratories to apply this technology to a wide range of cell expansion applications.
Dr. Cerretti is a biopharmaceutical research scientist with experience in drug development across different therapeutic areas. From 1984 to 2002 he served with Immunex and, after Immunexa™ acquisition in 2002, with Amgen in positions ranging from Staff Scientist through Scientific Director. Dr. Cerretti retired from Amgen in 2007. He is the author or co-author of more than 100 scientific publications and has over 40 issued US Patents to his name.
As disclosed previously, Dr. Cerretti has been involved with CellCyte as an independent consultant, and, since November of 2008, has helped refine CellCytea™s Interim Operating Plan. This plan defines how the Company will operate, with limited funding over the next six to twelve months, to continue the commercialization of its bioreactor product. Dr. Cerrettia™s appointment is the next of several planned appointments required to fully implement the Interim Operating Plan. CellCyte formally adopted the plan before the end of 2009.
aWe are pleased to have Doug step into this key operating management role,a said John M. Fluke Jr., Chairman of the Board of Directors.
About CellCyte Genetics:
CellCyte Genetics, a Nevada corporation, is an emerging biotechnology company engaged in the principle business of the discovery, development and commercialization of products that enhance the productivity of biotechnology research laboratories.
For further information see: [ www.cellcyte.com ] or contact Randy Lieber, CFO at [ randy.lieber@cellcyte.com ]
Symbol: OTCBB - CCYG; Frankfurt/Berlin Symbol - LK6 WKN. No.: A0MLCV.
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