Hardy Forzley Joins Pascal Biosciences as Chief Financial Officer
Pascal Biosciences Inc. (OTC PINK: PSCBF) announced the appointment of Hardy Forzley as Chief Financial Officer, bringing 30 years of expertise in capital raising and corporate oversight. Forzley, formerly with Bathurst Metals Corp., is expected to enhance operational stewardship and shareholder value. Pascal is focused on innovative therapies for serious diseases, including cannabinoid treatments for cancer and a targeted therapy for acute lymphoblastic leukemia. The company is progressing with PAS-403 for glioblastoma and PAS-393 for various cancers and COVID-19.
- Appointment of Hardy Forzley as CFO enhances financial leadership.
- Forzley's extensive experience is expected to create shareholder value.
- Ongoing development of promising cannabinoid-based treatments for cancer and COVID-19.
- No current product revenues reported.
- Dependence on raising additional capital poses a risk.
- Potential for products to fail in clinical trials remains.
VANCOUVER, BC / ACCESSWIRE / June 16, 2021 / Pascal Biosciences Inc. ("Pascal") (TSXV:PAS) (OTC PINK:PSCBF) (FSE:6PB), announced today the appointment of Hardy Forzley as Chief Financial Officer. Mr. Forzley has used his professional expertise as a Certified Public Accountant with some 30 years of experience in the field to raise capital, optimize corporate structure, and provide valuable operational oversight for numerous diverse companies.
"Hardy is a great addition to Pascal, and we look forward to working with him", said President Mark van der Horst. "His financial experience will greatly help guide Pascal and create significant value for our shareholders." In industries as diverse as green technology, furniture manufacturing and early-stage mining development, he has been instrumental in numerous corporate start-up successes in Canada, the U.S, Mexico, and Australia.
Since 2006, Mr. Forzley has been President and Director, as well as the CFO, of Bathurst Metals Corp., and he has been an active member of the board of directors of several public companies in a variety of sectors.
ABOUT PASCAL BIOSCIENCES INC.
Pascal is a biotechnology company advancing innovative therapies for serious diseases. In addition to a targeted therapy for acute lymphoblastic leukemia, Pascal is developing cannabinoid-based treatments for cancer. These compounds include PAS-403, which is advancing into clinical trials for the treatment of glioblastoma, and PAS-393, an immuno-stimulatory cannabinoid to be used in combination with checkpoint inhibitor therapy to treat multiple cancers. The PAS-393 program is being developed collaboratively with SoRSE Technology. PAS-393 also shows promise for treating COVID-19.
To learn more, visit: https://www.pascalbiosciences.com/.
On Behalf of the Board of Directors
Dr. Patrick W. Gray, CEO
Company Contact:
Patrick W. Gray, CEO
pgray@pascalbiosciences.com
invest@pascalbiosciences.com
Tel: 206-221-3443
Investor contact:
Mark van der Horst, President
mark@galecapital.com
Tel: (604) 200-1480
Forward-Looking Statements
DISCLAIMER
Certain statements in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including without limitation statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect" and similar expressions. Such forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments express or implied by such forward-looking statements or information. Such factors include, among others, our stage of development, lack of any product revenues, additional capital requirements, risk associated with the completion of clinical trials and obtaining regulatory approval to market our products, the ability to protect our intellectual property, dependence on collaborative partners and the prospects for negotiating additional corporate collaborations or licensing arrangements and their timing. Specifically, certain risks and uncertainties that could cause such actual events or results expressed or implied by such forward-looking statements and information to differ materially from any future events or results expressed or implied by such statements and information include, but are not limited to, the risks and uncertainties that: products that we develop may not succeed in preclinical or clinical trials, or future products in our targeted corporate objectives; our future operating results are uncertain and likely to fluctuate; we may not be able to raise additional capital; we may not be successful in establishing additional corporate collaborations or licensing arrangements; we may not be able to establish marketing and the costs of launching our products may be greater than anticipated; we have no experience in commercial manufacturing; we may face unknown risks related to intellectual property matters; we face increased competition from pharmaceutical and biotechnology companies; and other factors as described in detail in our filings with the Canadian securities regulatory authorities at www.sedar.com. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking statements and information made herein are based on our current expectations and we undertake no obligation to revise or update such forward- looking statements and information to reflect subsequent events or circumstances, except as required by law.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release"
SOURCE: Pascal Biosciences Inc.
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