Iovance Biotherapeutics Appoints Michael Weiser, M.D., Ph.D., to its Board of Directors

SAN CARLOS, Calif., March 01, 2018 (GLOBE NEWSWIRE) -- Iovance Biotherapeutics, Inc. (NASDAQ:IOVA), a biotechnology company developing novel cancer immunotherapies based on tumor-infiltrating lymphocyte (TIL) technology, today announced the appointment of Michael Weiser, M.D., Ph.D., to Iovance’s Board of Directors, effective March 15, 2018.  Dr. Weiser will serve as the chair of Iovance’s Compensation Committee and will serve on Iovance’s Nominating & Governance and Audit Committees.

“We are very pleased to welcome Michael to our Board of Directors,” said Maria Fardis, Ph.D., M.B.A., President and Chief Executive Officer of Iovance. “Michael’s significant clinical, business, and commercial background, including his expertise in leading clinical phase companies in the field of oncology, will be invaluable to us.  We look forward to leveraging his experience as we continue to advance our clinical TIL programs towards commercialization.”

Dr. Weiser is the founder and currently the co-CEO of Actin Biomed LLC, a healthcare investment firm focused on the discovery and development of novel treatments for unmet medical needs. Prior to joining Actin Biomed, Dr. Weiser was the Director of Research at Paramount BioCapital, a pharmaceutical development and healthcare investment firm.  Dr. Weiser currently serves on the board of directors of Ziopharm Oncology, Inc., a publicly traded biopharmaceutical company focused on immunotherapies in oncology, and on the board of directors of Emisphere Technologies, Inc., a pharmaceutical and drug delivery company. Dr. Weiser formerly served as the chairman of the board of directors of Chelsea Therapeutics International, Ltd., a development stage pharmaceutical company that was acquired by H. Lundbeck A/S in 2014.  Dr. Weiser holds a B.A. in Psychology from the University of Vermont, received his M.D. from New York University School of Medicine, and completed his Ph.D. in Molecular Neurobiology at Cornell University Medical College.

Separately, Iovance also announced that Jay Venkatesan, M.D., who has served as a member of Iovance’s Board of Directors since September 3, 2013, has stepped down from his role as a director of Iovance effective March 1, 2018, in order to devote his full time and efforts to his other commitments.

“We are sincerely grateful for Jay’s extraordinary service to Iovance over the past five years,” stated Dr. Fardis.  “His leadership and guidance have been instrumental in the significant progress we have made in both the development of TIL therapies and the growth of our company.  We wish him continued success in his future endeavors.”

About Iovance Biotherapeutics, Inc.
Iovance Biotherapeutics, Inc. (the Company) is a clinical-stage biotechnology company focused on the development of cancer immunotherapy products for the treatment of various cancers. The Company's lead product candidate is an adoptive cell therapy using TIL technology being investigated for the treatment of patients with metastatic melanoma, recurrent and/or metastatic squamous cell carcinoma of the head and neck, recurrent, metastatic or persistent cervical cancer, and locally advanced or metastatic non-small cell lung cancer.  For more information, please visit

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