Defence Announces Dr. Maxime Parisotto as CSO, Director of Science and Business Development

Rhea-AI Summary

Defence Therapeutics has appointed Dr. Maxime Parisotto as Chief Scientific Officer, Director of Science and Business Development. Dr. Parisotto brings over 20 years of experience in biochemistry, drug development, and innovation, holding a PhD focused on breast cancer and metabolism. His background includes postdoctoral fellowships at IGBMC and Université de Montréal, and a senior analyst role at adMare Bioinnovations. He will complete his MBA from Sherbrooke University in April 2025. The company has granted him 100,000 incentive stock options, exercisable at 60 cents per share for three years. The announcement also notes that Dr. Moutih Rafei has left the company.

Positive

• Appointment of experienced CSO with 20+ years in drug development and innovation
• New CSO brings dual expertise in scientific research and business development
• Extensive professional network in biotech ecosystem

Negative

• Departure of previous scientific leadership (Dr. Moutih Rafei)
• Stock option grant of 100,000 shares may cause minor dilution

Vancouver, British Columbia--(Newsfile Corp. - November 25, 2024) - Defence Therapeutics Inc. (CSE: DTC) (OTCQB: DTCFF) (FSE: DTC) ("Defence" or the "Company"), a Canadian biopharmaceutical company developing radiopharmaceuticals and ADC products using its proprietary platform and drug delivery technologies in addition to novel immune-oncology vaccines, is pleased to announce that Dr. Maxime Parisotto has joined the Company as Chief Scientific Officer, Director of Science and Business Development.

Dr. Maxime Parisotto is a seasoned biochemist with over 20 years of experience spanning academic research, drug development, and innovation. He holds a PhD in biochemistry focused on breast cancer and metabolism and has held postdoctoral fellowships at prestigious institutions, including the IGBMC in Strasbourg, France, and the Université de Montréal. As Senior Analyst, he contributed to significant investment decisions at adMare Bioinnovations. He also holds a graduate certificate in life science entrepreneurship development from Concordia university and will be graduating with an MBA from Sherbrooke University in April 2025.

Dr. Parisotto has a robust track record of leadership, including managing multidisciplinary teams, contributing to high-impact scientific publications. Before joining adMare, he led research initiatives in cancer biology and stem cells at institutions such as the IRCM and Université de Montréal. He is an active member of the Canadian biotech ecosystem, with an extensive professional network contacts and regular participation in national and international conferences. His research and business interests focus on advancing drug development from discovery to clinical stages and fostering collaborations between academia, industry, and investors to drive innovation in biopharmaceuticals. His scientific expertise's are mainly in oncology, protein biochemistry, cell metabolism and stem cells biology.

"I am honored and excited to join Defence Therapeutics as CSO, Director of Science & Business Development. I strongly believe that Defence's proprietary Accum® technology platform has a great potential for the development of targeted therapies that will make a difference for the patients," mentioned Dr. Maxime Parisotto.

"We are proud to welcome Dr. Maxime Parisotto as he is an accomplished and strong scientist with a mission to focus on the scientific programs that will increase the value of Defence Therapeutics. His business knowledge is definitely an important aspect that will guide and inspire the Company's growth and development for the benefit of Defence's shareholders," mentioned Sébastien Plouffe, President, CEO and Founder of Defence Therapeutics.

The Company has granted 100,000 incentive stock options to Dr. Parisotto, in accordance with the terms and conditions of Defence's stock option plan. Each stock option vests immediately and is exercisable at a price of 60 cents per share for a period of three years from the grant date.

Defence would like to mention that Dr. Moutih Rafei is no longer with the Company. The Company would like to thank Dr. Rafei for his contributions.

About Defence:

Defence Therapeutics is a publicly-traded clinical-stage biotechnology company developing and engineering the next generation of radio-immuno-conjugate and ADC products using its proprietary platform in addition to novel immune-oncology vaccines. The core of Defence Therapeutics platform is the ACCUM^® technology, which enables precision delivery of radio-immuno-conjugates or ADCs in their intact form to target cells, and vaccine antigens. As a result, increased efficacy and potency can be reached against catastrophic illness such as cancer and infectious diseases.

For further information:
Sebastien Plouffe, President, CEO and Director
P: (514) 947-2272
Splouffe@defencetherapeutics.com
www.defencetherapeutics.com

Cautionary Statement Regarding "Forward-Looking" Information

Neither the CSE nor its market regulator, as that term is defined in the policies of the CSE, accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231144

FAQ

Who is the new CSO of Defence Therapeutics (DTCFF)?

Dr. Maxime Parisotto has been appointed as the new Chief Scientific Officer, Director of Science and Business Development at Defence Therapeutics.

What are Dr. Parisotto's qualifications at Defence Therapeutics (DTCFF)?

Dr. Parisotto holds a PhD in biochemistry, has over 20 years of experience in drug development and innovation, and will complete his MBA from Sherbrooke University in April 2025.

What stock options were granted to the new CSO of Defence Therapeutics (DTCFF)?

Defence Therapeutics granted Dr. Parisotto 100,000 incentive stock options, exercisable at 60 cents per share for three years from the grant date.