Business
Marina Biotech Appoints Isaac Blech to its Board of Directors
Marina Biotech Appoints Isaac Blech to its Board of Directors.
About this update from Adhera Therapeutics Inc.
[{"type":"text","content":"\n\n City of Industry, CA , Nov. 27, 2017 (GLOBE NEWSWIRE) -- Marina Biotech, Inc. (OTCQB: MRNA), a biopharmaceutical company focused on the development and commercialization of innovative therapeutics for hypertension, arthritis, pain and oncology, announced today the appointment of Mr. Isaac Blech to its Board of Directors, effective immediately. Additionally Marina Biotech also has entered into a Note Purchase Agreement with a trust affiliated with Mr. Blech pursuant to which the Company will issue a secured convertible promissory note in the aggregate principal amount of $500,000. The Note will become due and payable on March 31, 2018.  \n “We are honored to have such an accomplished biotech entrepreneur and investor such as Isaac joining our Board,” Dr. Vuong Trieu, Executive Chairman of Marina Biotech, stated. “Isaac’s impressive track record in helping to create and grow leading companies will be instrumental at this critical point in our company history. His involvement will allow us to move forward with the commercialization of our FDA-approved product Prestalia, and other innovative drugs for the treatment of hypertension, of which more than half of the 75 million patients are still struggling to achieve blood pressure control.” Isaac Blech, newly appoint member of the Board of Directors, commented, “I am pleased to join Marina’s Board, and I look forward to providing strategic insight and guidance through this transformative period of Marina Biotech.” Mr. Blech, an experienced biotechnology entrepreneur and investor, brings to Marina over 35 years of expertise in the biotech industry. He has founded and served on the board of a number of companies that have produced major advances in a broad array of diseases, including the diagnosis of chlamydia, herpes, syphilis and HIV, and the treatment of cystic fibrosis, sexual dysfunction, multiple myeloma and many forms of cancer and hematological disease. Among the companies he has established are Celgene Corporation, the world’s leading company in cancer and hematology, ICOS Corporation, which developed the drug Cialis and was purchased by Eli Lilly, Nova Pharmaceutical Corporation, which developed a new treatment for brain cancer, Gliadel, which was purchased by Johnson & Johnson, Pathogenesis Corporation, ...