Oragenics Announce Changes in Management and Board of Directors
Oragenics, Inc. (NYSE American: OGEN) announced the resignation of Dr. Alan Joslyn as CEO and President, effective May 2, 2021. Dr. Frederick Telling transitions to Executive Chairman, while CFO Mr. Sullivan takes on the role of interim principal executive officer. The Board will guide the company in the interim as they seek a new CEO to lead the Terra CoV-2 vaccine development. Oragenics focuses on creating a vaccine to combat COVID-19 and developing new antibiotics. The company expresses gratitude for Dr. Joslyn's contributions and remains committed to future growth.
- Dr. Frederick Telling's new role as Executive Chairman may strengthen leadership continuity.
- The company is in the process of seeking a seasoned vaccine development executive to enhance its capabilities.
- Past efforts under Dr. Joslyn led to substantial financing for vaccine development, positioning the company for future growth.
- Dr. Alan Joslyn's resignation raises concerns about leadership stability during the transition.
- The need for an interim CEO may indicate a lack of immediate direction in leadership.
Oragenics, Inc. (NYSE American: OGEN) (“Oragenics” or the “Company”) announced that on May 2, 2021, Dr. Alan Joslyn resigned as Chief Executive Officer, President and director of Oragenics, Inc. to pursue other opportunities.
During the interim period before a new CEO is hired, the Board of Directors will provide direction to the Company, with Dr. Frederick Telling transitioning from Chairman of the Board to the newly established position of Executive Chairman, effective immediately. Mr. Sullivan, the Company’s current Chief Financial Officer, will serve as the Company’s interim principal executive officer to address the vacancy created by Dr. Joslyn’s resignation.
Speaking for the Board of Directors, Dr. Telling stated, “The Company has in place a team of qualified and experienced vaccine development consultants engaged and working on our Terra CoV-2 vaccine product candidate and we are in the process of seeking a seasoned vaccine development executive to lead our vaccine program.” Dr. Telling continued, “Through Dr. Joslyn’s efforts the Company began the transition to vaccine development and closed several substantial financings to advance the development of our Terra CoV-2 vaccine and continue to fund the Company’s operations, which has positioned the Company for future growth. I want to thank Dr. Joslyn for his efforts on behalf of the Company, and am confident he will be successful in his future endeavors.”
About Oragenics, Inc.
Oragenics, Inc. is focused on the creation of the Terra CoV-2 vaccine candidate to combat the novel coronavirus pandemic and the further development of effective treatments for novel antibiotics against infectious diseases. The Company is dedicated to the development and commercialization of a vaccine candidate providing specific immunity from novel coronavirus. The Terra CoV-2 immunization leverages coronavirus spike protein research conducted by the National Institutes of Health. In addition, Oragenics has an exclusive worldwide channel collaboration with Eleszto Genetika, Inc. relating to the development of novel lantibiotics.
For more information about Oragenics, please visit www.oragenics.com.
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