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Press Release Source: Viral Genetics, Inc.
Viral Genetics, Inc. Names Elizabeth Hoffman, PhD. to Board of Directors AZUSA, CA--(MARKET WIRE)--Feb 22, 2006 -- Viral Genetics, Inc. (OTC BB:VRAL.OB - News), a drug development company developing a biological therapy for the treatment of HIV infection, today announced that Elizabeth Hoffman, PhD., and President Emerita of the University of Colorado system, has joined its Board of Directors. Dr. Hoffman served as President of the University of Colorado system from 2000 to 2005, and was named President Emerita upon the completion of her 5-year tenure. She currently serves as Professor of Economics and Public Affairs at the University of Colorado. "I am very excited to join the Viral Genetics team. I am impressed with the potential of their HIV therapy and with the outstanding scientific advisory board they have assembled," said Dr. Hoffman. Dr. Hoffman received a PhD. in economics from the California Institute of Technology, a Masters and PhD. in history from the University of Pennsylvania, and a Bachelor in history from Smith College. Dr. Hoffman's academic career has been focused on economics, history and game theory and she has published several dozen articles. Her election to the Board of Directors of Viral Genetics, Inc. represents the fourth time Dr. Hoffman has participated in the governance of a for-profit entity. From 2003 to 2005 she was a member of the Board of Directors of Target Corporation. Dr. Hoffman also has a lengthy history of experience in governance and fundraising for non-profit and academic organizations including the Colorado Institute of Technology, the Denver Metro Chamber of Commerce, the National Science Board, the University of Colorado Hospital, as well as a lifetime of community service. "We are quite honored to have Dr. Hoffman join our Board of Directors as our second independent director. She brings a deep pool of organizational governance experience and significant fundraising accomplishments. As we continue to enhance and build the Company's corporate governance profile, we will increasingly look to independent directors such as Dr. Hoffman for leadership," said Haig Keledjian, President of Viral Genetics, Inc. In November of 2005 the Company completed the follow up portion of its Phase 3 double-blind, randomized, placebo-controlled, multi-center study in South Africa of 137 HIV patients treated with either VGV-1 or placebo. The data from the study has been compiled and audited, and the Company expects to announce initial results of analysis in the first quarter of 2006.
About Viral Genetics, Inc. This news release contains forward-looking statements that involve risks and uncertainties associated with clinical development, regulatory approvals, and other risks described by Viral Genetics, Inc. from time to time in its periodic reports with the Securities and Exchange Commission. VGV-1 and TNP are not approved by the US Food and Drug Administration or by any comparable regulatory agencies elsewhere in the world. While Viral Genetics, Inc. believes that the forward-looking statements and underlying assumptions contained therein are reasonable, any of the assumptions could be inaccurate, including the ability of Viral Genetics, Inc., to obtain adequate financing sufficient to meet its business objectives on reasonable terms and conditions, and therefore, there can be no assurance that the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the forward-looking statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
Contact: Source: Viral Genetics, Inc. Click here to return to our Press Release selection page.
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