Ocumetics Announces Appointment of President and CEO

Ocumetics Announces Appointment of President and CEO

(TheNewswire)

Ocumetics Technology Corp.

Dean Burns, a 27-year Alcon Vision veteran, will lead Ocumetics through the clinical trial and commercialization process

Calgary, Alberta TheNewswire - June 12 2023 - Ocumetics Technology Corp. (TSXV:OTC) (OTC:OTCFF) (FRA:2QBO) (" Ocumetics " or the " Corporation ") is pleased to announce that it has appointed Mr. Dean Burns as Ocumetics' President and CEO.  Mr. Burns will also join the Ocumetics board of directors.  Mr. Burns was previously a consultant of the Corporation, assisting with the Corporation's regulatory and marketing endeavours. Further to the announcement of Dr. Mark Lee's resignation effective June 30, 2023, Dr. Lee stepped down as President and CEO on June 12, 2023.

"We are pleased to have Dean move from a consulting capacity to join our team on a full-time basis in a leadership role," said Dr. Garth Webb, Chairman of the Board of Ocumetics.  "Dean will draw on his 27 years of experience navigating the regulatory process and product commercialization with Alcon Vision to lead Ocumetics as we commence clinical trials," added Dr. Webb.

Mr. Burns is recently retired from Alcon Vision, where he was a Senior Director of Cataract Instrumentation and Advanced Consumable Technology, a US$750 million business of Alcon.  At Alcon, Mr. Burns managed technologies in four therapeutic categories: Cataract, Refractive, Retinal and Pharmaceutical. Mr. Burns' 27-year career with Alcon brings a diverse healthcare experience to Ocumetics.  His experience included developing plans to commercialize acquired technologies and line extension of existing products. He also has skills and experience in marketing and sales management, manufacturing, comprehensive understanding of the regulatory process for devices, Key Opinion Leader management, and surgeon clinical training.  Mr. Burns' accomplishments include over 15 FDA product approvals and five business development and licensing acquisition projects totaling US$2.3 billion.

"I am thrilled to join Ocumetics on a full-time basis," said Dean Burns.  "Over the past year, in my consulting capacity, I have seen first-hand the market potential of the Ocumetics lens technology.  The potential for this technology is incredible and I look forward to leading the process to bring it to market.  My 90-day priorities include meeting with shareholders, engaging new investors and raising capital to fund our Phase 1 clinical trials."

In conjunction with his appointment, Ocumetics has issued 1,600,000 incentive stock options to Mr. Burns.  Each option entitles the holder to purchase one common share of Ocumetics at an exercise price per common share of $0.32 for a period of five years.  The options will vest over three years, with 15% of the options vesting six months after the date of issuance, another 15% vesting after 12 months, another 15% after 18 months, another 15% after 24 months, another 20% after 30 months and the remaining 20% after 36 months.

About Ocumetics

Ocumetics Technology Corp. (TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) is a Canadian research and development company that specializes in adaptive intraocular lens designs. Ocumetics is in the preclinical study stage of a game-changing technology for the ophthalmic industry.  Ocumetics has developed an expandable intraocular lens that fits within the capsular bag following extracapsular cataract extraction.  It is designed to allow the eyes natural muscle activity to shift focus from distance to near, potentially to eliminate the need for corrective lenses.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Dean Burns, President and CEO

(817) 874-7564

Dayton Marks, Director

(778) 347-2500

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Copyright (c) 2023 TheNewswire - All rights reserved.

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(TheNewswire)

Ocumetics Technology Corp.

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(TheNewswire)

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(TheNewswire)

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(TheNewswire)

Ocumetics Technology Corp.

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(TheNewswire)

Ocumetics Technology Corp.

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Precigen Logo (PRNewsfoto/Precigen, Inc.)

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Participants may register and access the webcast through Precigen's website in the Events & Presentations section. An archived recording will be posted to the website following the event.

Precigen: Advancing Medicine with Precision
Precigen (Nasdaq: PGEN) is a dedicated discovery and clinical stage biopharmaceutical company advancing the next generation of gene and cell therapies using precision technology to target the most urgent and intractable diseases in our core therapeutic areas of immuno-oncology, autoimmune disorders, and infectious diseases. Our technologies enable us to find innovative solutions for affordable biotherapeutics in a controlled manner. Precigen operates as an innovation engine progressing a preclinical and clinical pipeline of well-differentiated therapies toward clinical proof-of-concept and commercialization. For more information about Precigen, visit www.precigen.com or follow us on X @Precigen , LinkedIn or YouTube .

AdenoVerse ®
Precigen's AdenoVerse platform utilizes a library of proprietary adenovectors for the efficient gene delivery of therapeutic effectors, immunomodulators, and vaccine antigens designed to modulate the immune system. Precigen's gorilla adenovectors, part of the AdenoVerse library, have potentially superior performance characteristics as compared to current competition. AdenoVerse gene therapies have been shown to generate high-level and durable antigen-specific T-cell immune responses as well as an ability to boost these responses via repeat administration. Superior performance characteristics and high yield manufacturing of AdenoVerse vectors leveraging UltraVector ® technology allows Precigen to engineer cutting-edge investigational gene therapies to treat complex diseases.

AdenoVerse ® Clinical Programs
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Trademarks
Precigen, AdenoVerse, UltraVector and Advancing Medicine with Precision are trademarks of Precigen and/or its affiliates. Other names may be trademarks of their respective owners.

Cautionary Statement Regarding Forward-Looking Statements
Some of the statements made in this press release are forward-looking statements. These forward-looking statements are based upon the Company's current expectations and projections about future events and generally relate to plans, objectives, and expectations for the development of the Company's business, including the timing and progress of preclinical studies, clinical trials, discovery programs and related milestones, the promise of the Company's portfolio of therapies, and in particular its CAR-T and AdenoVerse therapies. Although management believes that the plans and objectives reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the plans, objectives and expectations expressed in this press release. The Company has no obligation to provide any updates to these forward-looking statements even if its expectations change. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. For further information on potential risks and uncertainties, and other important factors, any of which could cause the Company's actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.

Investor Contact:
Steven M. Harasym
Vice President, Investor Relations
Tel: +1 (301) 556-9850
investors@precigen.com

Media Contacts:
Donelle M. Gregory
press@precigen.com

Glenn Silver
Lazar-FINN Partners
glenn.silver@finnpartners.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/precigen-to-host-a-webcast-on-june-3rd-to-detail-pivotal-study-results-of-prgn-2012-in-recurrent-respiratory-papillomatosis-presented-at-the-2024-asco-annual-meeting-302154722.html

SOURCE Precigen, Inc.

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