Subscribe

 
 

News

Nexus BioPharma , Inc. Appoints Jeffrey Pessin, Ph.D. as Chairman of Scientific Advisory Board

Montclair, NJ, June 20, 2016 – Nexus BioPharma, Inc., (OTC-BB NEXS), a company specializing in the development of a weight loss drug therapy, announced today the appointment of Jeffrey Pessin, Ph.D. as Chairman of the Company’s Scientific Advisory Board. Dr. Pessin is the Judy R. & Alfred A. Rosenberg Professorial Chair in Diabetes Research and Director of the Diabetes Research Center, Department of Medicine at the Albert Einstein College of Medicine. He also serves as Professor in the Departments of Medicine (Endocrinology) and Molecular Pharmacology.

“Dr. Pessin is an internationally recognized research scientist, and he brings specific expertise as the discoverer of our weight loss technology”, said Mr. Warren C. Lau, Chief Executive Officer and President of Nexus BioPharma, Inc. Mr. Lau continued “His breakthrough discovery could result in a safe and effective weight loss treatment for overcoming the obesity and type 2 diabetes epidemics.”

About Nexus BioPharma, Inc. www.nexusbiopharma.com

Nexus BioPharma, Inc. is developing a weight loss drug that activates the AMPK metabolic pathway, the same pathway activated by intense physical exercise.

The underlying biochemistry was described in an article in the journal Cell Metabolism by Claire C. Bastie, and Jeffrey E. Pessin, entitled “Fyn-Dependent Regulation of Energy Expenditure and Body Weight Is Mediated by Tyrosine Phosphorylation of LKB1”. Cell Metab. 2010 Feb 3;11(2):113-24 

In completed pre-clinical trials of the pharmaceutical activation of this pathway, test subjects showed reduced fat mass with no loss of lean muscle mass, plus a higher rate of energy expenditure, increased insulin sensitivity, increased fatty acid oxidation, improved plasma and tissue triglyceride levels, with lower cholesterol. Upon translation of this pharmaceutical activation to humans, these effects are expected to have a significant impact on obesity and diabetes.

Using the most advanced high throughput screening technology, Nexus BioPharma has identified small molecule compounds in a number of discrete chemical structure families that can efficiently activate the pathway. The Company has filed for intellectual property protection on a selection of compounds in a number of discrete chemical backbones. The Company’s goal is to advance to pre-IND trials in preparation for FDA human trials of a drug that will safely mimic this effect in humans.

Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain “forward-looking statements” relating to the business of Nexus BioPharma, and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the impact of the proceeds from the private placement on the
Company’s short term business and operations,; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact:
Lara Cely
lara.cely@nexusbiopharma.com
917-524-6107

Disclaimer

All statements and expressions are the sole opinion of the Company.  The Company reserves the right to withdraw or amend this Website, and any material the Company provides on theWebsite, in its sole discretion without notice.

The information presented on or through theWebsiteis made available solely for general information purposes. The Company does not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. The Company disclaims all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to theWebsite, or by anyone who may be informed of any of its contents.

The Company is not liable for any investment decisions made by its readers or subscribers, and investors are advised that they may lose all or a portion of their investment in the Company. It is strongly recommended that any purchase or sale decision be discussed with a financial advisor,  broker-dealer, or a member of any financial regulatory body. 

Information contained herein may contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended.  Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements".  Forward looking statements are based on expectations, estimates and projections at the time the statements are made and involve a number of risks and uncertainties which could cause actual results or events to differ materially from those anticipated. Forward looking statements may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or by statements indicating certain actions "may", "could", "should" or "might" occur. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are published. Except as required by applicable law or regulation, the Company undertakes no obligation to update such forward-looking statements to reflect events or circumstances that occur after the date on which such statements are made.