Celcuity Inc.

05/20/2019 | Press release | Distributed by Public on 05/20/2019 13:36

Celcuity Announces Appointment of Leo Furcht to Board of Directors

MINNEAPOLIS

Celcuity Inc. (NASDAQ: CELC) a functional cellular analysis company that is discovering new cancer subtypes and commercializing diagnostic tests designed to significantly improve clinical outcomes of cancer patients treated with targeted therapies, today announced the appointment of Leo Furcht, MD, to the Company's Board of Directors, effective May 16, 2019.

"We are very pleased to have attracted Leo Furcht, MD, a leading cancer researcher and pathologist, to join our Board. Leo's research in tumor cell behavior and extracellular matrix proteins, his service as Head of the University of Minnesota's Department of Laboratory Medicine and Pathology, and his experience in several biotechnology start-ups will provide a valuable perspective to Celcuity," said Brian F. Sullivan, Chairman and Chief Executive Officer of Celcuity.

Dr. Furcht is Allen-Pardee Professor of Cancer Biology and Head of the Department of Laboratory Medicine and Pathology at the University of Minnesota and a member of the Division of Molecular Pathology and Genomics. He served as Chairman of the Board of Directors for University of Minnesota Physicians, the Medical School practice plan with approximately 700 physicians, from 2004-2014. He was also the founding Director of the Biomedical Engineering Center from 1990-2001, where he led efforts to establish stem cell and molecular diagnostics expertise at the University of Minnesota. He has published more than 180 scientific papers and holds more than 30 patents in the fields of polypeptides, biomaterials, and adult stem cells. His business experience includes co-founding two medical technology companies, South Bay Medical, a medical device company that was acquired by Mentor Corporation, and Diascreen, a diagnostics company, which was later acquired by Chronimed.

About Celcuity
We are a cellular analysis company that is discovering new cancer sub-types and commercializing diagnostic tests designed to significantly improve the clinical outcomes of cancer patients treated with targeted therapies. Our proprietary CELx diagnostic platform uses a patient's living tumor cells to identify the specific abnormal cellular activity driving a patient's cancer and the targeted therapy that can best treat that patient's disease. Celcuity is headquartered in Minneapolis, MN. Further information about Celcuity can be found at
www.celcuity.com.

Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including the anticipated benefits to the clinical outcomes of cancer patients. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Celcuity, which include, but are not limited to, those set forth in the Risk Factors section of Celcuity's Annual Report on Form 10-K for the year ended December 31, 2018. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Celcuity undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190520005717/en/

Celcuity Inc.
Brian Sullivan,
[email protected]

Vicky Hahne,[email protected]

Copyright Business Wire 2019News Provided by Business Wire via QuoteMedia