Dermisonics Assembles Multi-Faceted Consulting Team
10 Februar 2005 - 7:20PM
PR Newswire (US)
Dermisonics Assembles Multi-Faceted Consulting Team Prominent
Scientist and Financier Join as Consultants WEST CONSHOHOCKEN,
Penn., Feb. 10 /PRNewswire-FirstCall/ -- Dermisonics, Inc.
(OTC:DMSI) (BULLETIN BOARD: DMSI) , a medical device company with
its focus on development of an ultrasonically assisted transdermal
drug-delivery technology, announced today that as part of its
ongoing efforts to commercialize its technology it has begun to
assemble a multi-faceted consulting team beginning with the
engagement of John Gilly, Ph.D., a pharmaceutical industry veteran
with extensive agency compliance and manufacturing experience, and
Robert Watson, Ph.D., an attorney and financier. Dr. Gilly, who
holds a doctorate in molecular biology, has most recently served as
the president of U.S. operations for Premier Research Group, plc, a
prominent, international clinical research organization. He has
broad experience in supporting clinical trials for products
developed in the pharmaceutical industry and a command of the
protocols necessary to help Dermisonics move toward FDA compliance
for its technology and the ultimate commercialization of the
U-Strip drug delivery system. Dr. Gilly previously worked with
BioReliance Corporation, where he was responsible for the
management and strategic planning of their manufacturing services
division. Prior to his tenure with BioReliance, he served as Vice
President of Biopharmaceutical Operations for ImClone Systems Inc.
Dr. Watson is a venture catalyst with extensive experience in many
areas of finance and corporate governance. Prior to establishing
his independent venture consulting business, he served as General
Counsel for Aeicon Corporation, an investment banking and project
finance firm, and as Chairman and Chief Executive Officer of Better
School Facilities, Inc., of Phoenix, Arizona, a real estate
development company that specialized in developing campuses for
private and charter schools. Dr. Watson also founded and was a
principal of Lauren Capital Corp, an investment banking advisory,
NASD-member firm. Dermisonics' CEO Bruce Haglund commented, "We are
assembling a team that can assist in all aspects of our business
model, from ensuring we are adequately funded to guiding us through
the complex process of obtaining regulatory approvals. I am pleased
to welcome both Dr. Gilly and Dr. Watson to our team and look
forward to our ongoing collaboration with them. Their contributions
are anticipated to accelerate the process in commercializing the
U-Strip technology." About Dermisonics, Inc. Dermisonics, Inc. is a
medical device company that is focused on the ongoing development,
testing and eventual commercialization of a transdermal patch that
has been designed to facilitate the efficient and needle-free
delivery of heavy molecular drugs into the system. The U-Strip is a
drug delivery system incorporating a transdermal patch in
combination with microelectronics and ultrasonic technology. Tests
have shown that this system facilitates the transdermal delivery of
Insulin as well as potentially at least 175 other existing drugs
that at present cannot be effectively delivered through the pores
of the skin using conventionally available transdermal technology
due to their large molecular size. For additional information,
please visit http://www.dermisonics.com/. Legal Notice Regarding
Forward-Looking Statements This release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934 that
are based upon current expectations or beliefs, as well as a number
of assumptions about future events. Although the Company believes
that the expectations reflected in the forward-looking statements
and the assumptions upon which they are based are reasonable, it
can give no assurance that such expectations and assumptions will
prove to have been correct. The reader is cautioned not to put
undue reliance on these forward- looking statements, as these
statements are subject to numerous factors and uncertainties,
including but not limited to adverse economic conditions, intense
competition, lack of meaningful research results, entry of new
competitors and products, adverse federal, state and local
government regulation, inadequate capital, unexpected costs and
operating deficits, increases in general and administrative costs,
termination of contracts or agreements, technological obsolescence
of the Company's products, technical problems with the Company's
research and products, price increases for supplies and components,
litigation and administrative proceedings involving the Company,
the possible acquisition of new businesses or that result in
operating losses or that do not perform as anticipated,
unanticipated losses, the possible fluctuation and volatility of
the Company's operating results, financial condition and stock
price, losses incurred in litigating and settling cases, dilution
in the Company's ownership of its business, adverse publicity and
news coverage, inability to carry out research, development and
commercialization plans, loss or retirement of key executives and
research scientists, changes in interest rates, inflationary
factors, and other specific risks. In addition, other factors that
could cause actual results to differ materially are discussed in
the Company's most recent Form 10-QSB and Form 10-KSB filings with
the Securities and Exchange Commission. DATASOURCE: Dermisonics,
Inc. CONTACT: North American Investor Relations Contact, John
Robinson, +1-866-559-1333, or , or European Investor Relations
Contact, Alexander Holterman, +49-69-6062-7858, or , both of
Dermisonics
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