Champions Biotechnology, Inc. Establishes UK Subsidiary and Retains General Manager to Expand its Personalized Oncology Business
Baltimore, MD – April 08, 2009 – Champions Biotechnology, Inc. (OTC Bulletin Board: CSBR), a company engaged in the development of advanced preclinical platforms and tumor specific data to enhance the value of oncology drugs, has established a UK subsidiary, Champions Biotechnology UK Ltd. (CBUK), to expand its personalized oncology business. Guy Malchi has been appointed General Manager of the UK subsidiary, which will also have a branch in Israel.
“We have been experiencing an increase in activity in all of our business, particularly in our personalized oncology service. Significantly, much of the increased activity in our personalized oncology business is from leading oncologist in Europe as they recognize the enhancement to their practice that is available by utilizing Champions’ services. Champions Biotechnology UK Ltd. will enable our services to be accessible to many more physicians in Europe and beyond. The growing trend of medical tourism in Israel has prompted us to establish a branch in Israel to offer our services there as well.” said Doug Burkett, PhD, President of Champions Biotechnology, Inc.
Dr. Burkett continued, “I am delighted to welcome Guy Malchi on board as he transitions from consultant to take on the leadership role for CBUK. He will also lead our corporate development efforts, which are focused on in-licensing and co-development of oncology drug candidates that have proven successful in our Biomerk Tumorgraft™ platform. Guy’s expertise in strategy implementation and business development are a valuable benefit to Champions.”
“I am thrilled to join Champions Biotechnology to help it realize its high potential,” said Mr. Malchi. “I was drawn to the unique interaction between personalized medicine and drug development, and I look forward to contributing to the firm’s success.”
Guy Malchi, MBA brings more than twelve years of leadership and management experience within the bio-pharma industry. Mr. Malchi previously served as Chief Executive Officer for Optimata Ltd., a development stage biopharmaceutical company focused on developing biosimulation technologies that predict cancer patients’ response to treatment. Prior to that, Mr. Malchi was based in London with Tefen Ltd. (Tel-Aviv stock exchange: TEFN), an international management consulting firm where he served as the founding partner of Tefen’s successful European life science practice. Mr. Malchi received a bachelor’s degree in Industrial Engineering from Tel-Aviv University and an executive master’s degree in Business Administration from London Business School.
For more news and information on Champions Biotechnology, Inc., please visit www.IRGnews.com/coi/CSBR where you can find the President’s video, a fact sheet on the company, investor presentations, and more.