Calgary – November 28, 2014 – XORTX Pharma Corp. is pleased to announce the appointment of Mr. Bruce Rowlands to the XORTX Board of Directors, effective November 28, 2014. This appointment increases the XORTX Board of Directors to four members including Mr. Robert Reider, Mr. Bruce Rowlands, Dr. Alan Moore and Dr. Allen Davidoff – President and CEO.
Mr. Rowlands has 25 years sales, operations, capital markets and senior management experience with emerging market companies. Mr. Rowlands is the current Chairman and Chief Executive Officer of Eurocontrol Technics Group, a TSXV listed company that is focused on the acquisition and development of certification and authentication technologies. Prior to forming Eurocontrol, Mr. Rowlands worked in the biotechnology and investment banking industries as Senior Vice President with Lorus Therapeutics, a leading Canadian biotechnology company, and Vice President and Director of Dominick and Dominick Securities Canada, a Canadian investment banking firm.
Dr. Allen Davidoff, President and CEO of XORTX Pharma Corp. stated, “Bruce Rowlands is a key addition to the XORTX Board of Directors and brings an important blend of solid biotechnology experience combined with a wealth of capital markets experience. With the upcoming RTO with Bradmer Pharmaceuticals Inc. announced last week and pending financing, we look forward to his contribution to the Company’s future progress and success.”
About Mr. Robert Rieder: Mr. Rieder is currently the CEO of ESSA Pharma Inc., and Chairman of the Board of Cardiome Pharma Corp.
About Dr. Alan Moore: Currently, Founding Board Member, XORTX Pharma Corp. and his most recent CEO position was with ChiRegen. Before that he acted as CEO of BetaStem Therapeutics and Stem Cell Therapeutics. He has also held the positions of Executive Vice President, R&D at Cardiome Pharma Inc. and he was the creator of the Cardiac research and development therapeutic area at Procter & Gamble resulting in a NDA filing for the lead antiarrhythmic compound, Azimilide.
About Dr. Allen Davidoff: Dr. Allen W. Davidoff, Ph.D. is the President and CEO of XORTX Pharma Corp. since 2012. Prior to joining XORTX, he held the position of Vice President, Product Development and Chief Scientific Officer with Stem Cell Therapeutics Corp. from 2005 through 2012 and Senior Scientist and Head of Pharmacology at Cardiome Pharma in 2003 and 2004.
Bradmer Pharmaceuticals Inc. announced last week that it is planning to complete a going-public transaction for XORTX.
About XORTX Pharma Corp. is a pharmaceutical company dedicated to the discovery, development and commercialization of therapies for rare diseases –orphan indications – and diseases caused by disrupted uric acid metabolism that will improve patient health throughout the world. The primary focus of XORTX Pharma Corp. is based on developing treatments to
better manage uric acid metabolism for treatment of autosomal dominant polycystic kidney disease when accompanied by hyperuricemia. Secondary programs include the development of uric acid lowering agents to treat diabetes, treat diabetic nephropathy and treat hereditary hypouricemia.
XORTX Pharma Corp. is a privately held company. For more information, please visit our web site at www.xortx.com.
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