Oncology Pharma is Pleased to Welcome New Chairman to Its Scientific Advisory Board

Rhea-AI Summary

Oncology Pharma, Inc. (OTC: ONPH) has appointed Dr. Henry Smith as the Chairman of the Scientific Advisory Board. Dr. Smith brings over 50 years of healthcare experience, including significant contributions to cancer diagnostics and immunology. The company plans to leverage Dr. Smith's expertise to advance its licensed technologies. Additionally, Oncology Pharma has chosen to discontinue its pursuit of a license agreement with Kalos Therapeutics to focus on its immediate strategic goals.

Positive

• Appointment of Dr. Henry Smith as Chairman enhances leadership with extensive experience in cancer research and diagnostics.

Negative

• Discontinuation of the license agreement with Kalos Therapeutics may hinder strategic collaborations and technology advancement.

SAN FRANCISCO, CA, Feb. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Oncology Pharma, Inc. (OTC: ONPH) is pleased to announce that Dr. Henry Smith has accepted the role of Chairman of the Scientific Advisory Board.

Dr. Henry Smith has over 50 years’ experience in Healthcare.  Dr. Smith has worked to develop novel technologies to serve the healthcare industry, including one of the first CEA (Carcinoma Embryonic Antigen) tests for detecting cancer.  In 1966, Dr. Smith published the first report that normal lymphocytes had an innate immunity to destroy cancer cells.  He is the co-founder of several biotech companies, and has maintained a keen interest in developing a variety of immunological methods to diagnose and treat cancer throughout his career.  Dr. Smith has a Ph.D in Medical Immunology from the University of Leeds, England.

Oncology Pharma is excited to have Dr. Smith’s guidance in steering its advisory board as the Company grows and takes advantage of its licensed technologies.

In order to focus on its near-term strategic goals, the Company has decided to discontinue pursuit of a license agreement with Kalos Therapeutics at this time.

ABOUT ONCOLOGY PHARMA, INC.

ONCOLOGY PHARMA, INC. (OTCPK: ONPH) (the "Company") is currently engaging in research and development of therapeutics for oncology and prides itself for having a world-class Advisory Board that keeps the Company in the forefront of developing technologies in cancer research, biotechnology, and healthcare.

ABOUT NANOSMART PHARMACEUTICALS, INC.

NanoSmart® Pharmaceuticals is a privately-held California corporation that is developing nanoparticle drug delivery platforms that utilize anti-nuclear antibody (ANA) to target existing drug therapies to areas of necrosis present in virtually all solid cancer tumors.

FORWARD-LOOKING STATEMENTS

Certain of the matters discussed in this announcement contain forward-looking statements that involve material risks to and uncertainties in the Company's business that may cause actual results to differ materially from those anticipated by the statements made herein. Such risks and uncertainties include risks related to licensing arrangements and joint ventures, including the need to negotiate the definitive agreements for the relationships; possible failure to realize anticipated benefits of business relationships; and, costs of providing funding to these business relationships. Other risks and uncertainties relating to the Company include, among other things, current negative operating cash flows and a need for additional funding to finance our operating plan; the terms of any further financing, which may be highly dilutive and may include onerous terms; unexpected costs and operating deficits, and lower than expected sales and revenues; uncertain willingness and ability of customers to adopt new technologies and other factors that may affect further market acceptance; adverse economic conditions; adverse results of any legal proceedings; the volatility of our operating results and financial condition; inability to attract or retain qualified senior management personnel, including sales and marketing personnel; our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners and with any strategic or joint venture partners; the impact of competition; the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; management of growth; and, other risks and uncertainties. This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position.

CONTACTS:
For additional information, please contact the Oncology Pharma at:
One Sansome Street, Suite 3500
San Francisco, CA 94104
Phone: 415-869-1038
Fax: 415-946-8801
Email: info@oncology-pharma.com

FAQ

Who is Dr. Henry Smith and what is his role at ONPH?

Dr. Henry Smith has been appointed as the Chairman of the Scientific Advisory Board at Oncology Pharma, bringing over 50 years of experience in healthcare.

What is the significance of Dr. Smith's appointment for ONPH?

Dr. Smith's expertise in cancer diagnostics and immunology is expected to guide Oncology Pharma's growth and development.

Why did Oncology Pharma discontinue the license agreement with Kalos Therapeutics?

The company decided to focus on its near-term strategic goals, which led to the discontinuation of the licensing agreement.

What technologies is ONPH focusing on after the appointment of Dr. Smith?

Oncology Pharma aims to leverage its licensed technologies in cancer research and biotechnology under Dr. Smith's guidance.