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Propanc Biopharma Appoints Paul Patrizio as Strategic Advisor to Establish US Based R&D Operating Subsidiary, Cellmed Bio LLC, in New Jersey
MELBOURNE, Australia--(BUSINESS WIRE)-- Propanc Biopharma, Inc. (OTCQB: PPCB) (“Propanc” or the “Company”), a biopharmaceutical company developing novel
About this update from Propanc Biopharma, Inc.
[{"type":"text","content":" MELBOURNE, Australia--(BUSINESS WIRE)--\nPropanc Biopharma, Inc. (OTCQB: PPCB) (“Propanc” or the “Company”), a biopharmaceutical company developing novel cancer treatments for patients suffering from recurring and metastatic cancer, today announced the appointment of Paul Patrizio as Strategic Advisor to the Propanc Executive team. Mr. Patrizio will report directly to the Company’s Chief Executive Officer, James Nathanielsz. The Company has also initiated the process of establishing a wholly owned US based, R&D operating subsidiary, Cellmed Bio LLC in New Jersey, one of the largest biotech hubs in the country.\n\nMr. Patrizio will oversee the establishment of Cellmed Bio LLC and assist the Company in the identification of strategic partners to assist with the financing and resourcing of the US R&D operating subsidiary to the Company’s lead product candidate, PRP, which is set to enter a First-In-Human (FIH) study for advanced cancer patients suffering from solid tumors. Financial resources obtained through the US R&D operating subsidiary will be used to complete Good Manufacturing Practice manufacture of the finished drug product for the upcoming FIH study and validation of a pharmacokinetics method to determine the distribution of the drug in patients over time. PRP is a long-term therapy for the treatment and prevention of metastatic cancer by targeting and eradicating cancer stem cells, free from the serious side effects normally associated with standard treatments.\n\n“Paul represents a significant and welcome appointment as Strategic Advisor to the Propanc Executive team. His role will be key in establishing our presence in the US, as well as unlocking significant value from our intellectual property portfolio as we transform our R&D operating subsidiary Cellmed Bio LLC into a clinical stage, immuno-oncology player with a unique approach for the treatment and prevention of metastatic cancer, the main cause of patient death for sufferers,” stated Mr. Nathanielsz. “I am excited to be working closely with Paul in executing our corporate restructure and look forward to the immediate future with much anticipation. His many years of experience and extensive networks in the New Jersey/New York metropolitan region will be vital to our success.”\n\n“Propanc Biopharma is developing an exciting, potential breakthrough technology and ...