Cytos Nominates Dr. Christian Itin as Non-executive Director

31-May-2012 - Switzerland

Cytos Biotechnology Ltd announced today the nomination of Dr. Christian Itin to its Board as a Non-executive Director and that the Board of Directors will propose to the Company's shareholders the election of Dr. Itin as member of the Board at the Company’s next general meeting.

Dr. Itin (age 48 yrs) is the former President and Chief Executive Officer of Micromet Inc., a formerly Nasdaq-listed biopharmaceutical company, with headquarters in Rockville, MD and a R&D center in Munich, Germany, which was acquired in March 2012 by Amgen, Inc. for USD 1.16 billion in cash. He spent 13 years with Micromet in a number of senior management roles, becoming CEO in 2004. Prior to joining Micromet in 1999, Dr. Itin co-founded Zyomyx, Inc., a protein chip company based in Hayward, CA, USA.

Dr. Itin received a diploma in biology and a Ph.D. in cell biology from the University of Basel. In addition, he performed post-doctoral research at the Biocenter of Basel University and at the Stanford University School of Medicine.

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