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CST: 05/12/2019 11:07:15   

Rafael Pharmaceuticals Congratulates Scientific Advisory Board Member Gregg L. Semenza For Receiving 2019 Nobel Prize in Medicine

58 Days ago

Cranbury NJ, Oct. 08, 2019 (GLOBE NEWSWIRE) -- Rafael Pharmaceuticals Inc. (“Rafael” or the “Company”), a leader in the growing field of cancer metabolism-based therapeutics, congratulates Gregg L. Semenza, M.D., Ph.D., scientific advisory board member at Rafael and Director of Vascular Program at the Institute for Cell Engineering at the John Hopkins School of Medicine for being awarded the 2019 Nobel Prize in Medicine. The award was given to Dr. Semenza along with two other physician-scientists, Peter J. Ratcliffe, M.D., and William G. Kaelin Jr., M.D., for the discovery of how human cells sense and adapt to oxygen availability. Dr. Semenza is also the recipient of the 2016 Lasker Award.

“On behalf of the entire Rafael team, I would like to congratulate Dr. Semenza for this prestigious honor,” said Howard Jonas, Chairman of Rafael. “As a member of our scientific advisory board, Dr. Semenza has helped lead the company’s drug development capabilities, and we are incredibly proud of him for this major accomplishment.”

The Nobel Prize in Physiology or Medicine is awarded each year by the Nobel Foundation for outstanding discoveries in the fields of life sciences and medicine. The 2019 prize was announced on Oct. 7 at the Karolinska Institute in Stockholm.

About Rafael Pharmaceuticals, Inc.
Rafael Pharmaceuticals is a leader in the growing field of cancer metabolism. The company is developing a new, first-in-class category of metabolic oncology therapeutics that attack hard-to-treat cancers by targeting the metabolic processes the disease needs to survive, grow and proliferate. Rafael Pharmaceuticals’ lead compound, devimistat (CPI-613), is a highly selective, well-tolerated and effective anti-cancer agent that is being evaluated in ongoing and completed Phase 1, 2 and 3 clinical trials. Devimistat has been granted orphan drug status by the FDA for the treatment of pancreatic cancer, acute myeloid leukemia (AML), myelodysplastic syndrome (MDS) and Burkitt’s and peripheral T-cell lymphomas. The Company's investors include Rafael Holdings, Inc. (NYSE AMERICAN: RFL). For more information, please visit www.rafaelpharma.com.

Safe Harbor Statement
This press release contains forward-looking statements. These statements relate to future events or the company’s future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms, or other comparable terminology. These statements are only predictions. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the company, or any other person, that such forward-looking statements will be achieved. The business and operations of the company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise.

In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.

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Media Contact:
Holly Dugan
rafael@antennagroup.com
(201) 465-801

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