AURORA, ON, Nov. 15 /CNW/ - Helix BioPharma Corp. (TSX, FSE: "HBP") today announced position changes for Dr. Donald Segal and John Docherty. Effective immediately, the joint role of Chief Executive Officer and President formerly held by Dr. Segal will be separated whereby Dr. Segal will remain the Company's Chief Executive Officer and Mr. Docherty will assume the role of President.
"These changes are being made as we strive to expand our corporate initiatives, primarily in the U.S.A.," said Dr. Segal. "Moving forward, I am pleased to have John take on added responsibilities so that I may increasingly focus my time on growing our business by developing new financial, partnering and other strategic initiatives for the Company. John will concentrate on enhancing our public profile, overseeing our advancing clinical programs and managing our related day to day operations."
Dr. Segal and Mr. Docherty have a history of proven leadership with the Company. Dr. Segal is a founding partner, serves on the board of directors and had been Chief Executive Officer and President since 2004. Mr. Docherty joined the Company in 1999 with degrees in toxicology and pharmacology and a comprehensive background in pharmaceutical product and corporate development. At Helix, Mr. Docherty has been instrumental in developing the Company's lead product candidate, Topical Interferon Alpha-2b, in addition to supporting the Company's growing investor and media relations initiatives. Previously, Mr. Docherty served as Vice President, Corporate Development since 2002.
About Helix BioPharma Corp.
Helix BioPharma Corp. is a biopharmaceutical company specializing in the field of cancer therapy. The Company is actively developing innovative products for the prevention and treatment of cancer based on its proprietary technologies. Helix's product development initiatives include its Topical Interferon Alpha-2b and its novel L-DOS47 new drug candidate. Helix is listed on the TSX under the symbol "HBP".
The Toronto and Frankfurt Stock Exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this News Release. This News Release contains certain forward-looking statements and information regarding Helix's strategic, financing and product development initiatives. Forward-looking statements and information can be identified by the use of forward-looking terminology such as "will", "strive to expand", "enhancing", "advancing", "growing", "developing" and "initiatives". Helix's actual results could differ materially from those anticipated in these forward-looking statements and information as a result of numerous risks, uncertainties and assumptions, including without limitation, Helix's need for additional capital in the near term and in future, which may not be available on acceptable terms or at all; uncertainty whether Helix's strategic and financing initiatives in the U.S.A. will be successful; and uncertainty whether Topical Interferon Alpha-2b, L-DOS47, or any other product will be developed and marketed successfully as a drug or at all. See a description of other risks and uncertainties affecting Helix and its business, as contained in Helix's latest Annual Information Form and other filings with the Canadian Securities Regulatory Authorities at www.sedar.com, any of which could cause actual results to vary materially from current results or Helix's anticipated future results. Forward-looking statements and information are based on the assumptions, beliefs, opinions and expectations of Helix's management at the time they are made, and Helix does not assume any obligation, except as required by law, to update any forward-looking statement or information should those assumptions, beliefs, opinions or expectations, or other circumstances change.