MagForce AG Announces Changes to Supervisory and Management Boards

MagForce AG Announces Changes to Supervisory and Management Boards

ID: 81970

(Thomson Reuters ONE) -
MagForce AG /
MagForce AG Announces Changes to Supervisory and Management Boards
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Berlin, October 31, 2011 - MagForce AG (FSE:MF6), a leading medical technology
company focusing on nanomedicine in oncology, announced today the resignation of
Prof. Dr. Walter Rust as chairman of the Supervisory Board as of October
25, 2011 due to health reasons. Effective October 28, 2011, Dr. Peter Heinrich
stepped down from his position as MagForce CEO and is expected, at a future
date, to return to his previous role as a member of the MagForce Supervisory
Board. Until further appointments are confirmed, Dr. Andreas Jordan will
represent the Management Board with the support of Prof. Dr. Hoda Tawfik, VP
Clinical Development & Medical Affairs, and Solveig Salomon, VP Marketing &
Sales.

Dr. Peter Heinrich said, "When I assumed the position of Magforce CEO, my
primary goal was to build professional structures within the company by putting
together a team of highly qualified and motivated individuals. This goal has
been achieved along with the approval and launch of NanoTherm therapy in the EU
and treatment of the first patient with the novel therapy.  I would now like to
step back from daily operational activities and, in the future, further support
the company's growth and development as a member of the Supervisory Board."

ABOUT MAGFORCE:

MagForce AG is a leading medical technology company focusing on nanomedicine in
oncology. The company's proprietary procedure, NanoTherm® therapy, enables the
targeted treatment of solid tumors through the intratumoral generation of heat
via activation of magnetic nanoparticles. NanoTherm®, NanoPlan®, and
NanoActivator(TM) are components of the therapy and have received EU-wide




regulatory approval as medical devices for the treatment of brain tumors.
MagForce, NanoTherm, NanoPlan and NanoActivator are trademarks of MagForce AG in
selected countries.

DISCLAIMER:

This release may contain forward-looking statements and information which may be
identified by formulations using terms such as "expects", "aims", "anticipates",
"intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-
looking statements are based on our current expectations and certain
assumptions, which may be subject to a variety of risks and uncertainties. The
results actually achieved by MagForce AG may substantially differ from these
forward-looking statements. MagForce AG assumes no obligation to update these
forward-looking statements or to correct them in case of developments, which
differ from those, anticipated.

Contact:
Stacy Wiedenmann
Director Investor Relations & Corporate Communications
MagForce AG
Max-Dohrn-Str. 8
10589 Berlin
T +49 30 308 380 31
F +49 30 308 380 99
M +49 151 12000 722
email:swiedenmann(at)magforce.com
www.magforce.com


--- End of Message ---

MagForce AG
Max-Dohrn-Str. 8 Berlin Germany


Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;





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Source: MagForce AG via Thomson Reuters ONE

[HUG#1559499]


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Bereitgestellt von Benutzer: hugin
Datum: 31.10.2011 - 14:34 Uhr
Sprache: Deutsch
News-ID 81970
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