July 19, 2004
Senesco Technologies, Inc. ("Senesco" or the "Company")
(AMEX:SNT) announced the appointment of Richard S. Dondero to
the position of vice president, research & development,
effective today. He will report jointly to Bruce C. Galton,
president and chief executive officer, and John E. Thompson,
Ph.D., previously Senesco's executive vice president of research
& development, who assumes the newly created position of
executive vice president and chief scientific officer.
Mr. Dondero brings to Senesco a strong background in new product
development combined with demonstrated leadership and a
commitment to innovation in addressing a variety of business
challenges during his career. Most recently, Mr. Dondero for the
past two years was a Group Leader in the Proteomics Reagent
Manufacturing arm of Molecular Staging, Inc., a Connecticut
based biotech firm engaged in measurement and discovery of new
biomarkers. In this capacity, Mr. Dondero was responsible for
the manufacture of 1,500 reagents within the Proteomics Chip
Biomarker Discovery Group.
From 1985 to 2001, Mr. Dondero
held increasing levels of responsibility at Cistron
Biotechnology, Inc., a New Jersey based firm, leaving the firm
as Vice President of Operations and Product Development where he
reviewed new technologies, directed R&D in cytokine related
areas and the subsequent manufacturing of products for sale to
the research market, and was charged with other responsibilities
including technical support of scientific projects and
responsibility for scientific staffing. He also brings eight
years of experience with Johnson & Johnson (Ortho Diagnostics)
and two years with Becton Dickinson & Co.
Since late 2001, Mr. Dondero has
consulted with Senesco on a project basis.
"We are fortunate to be able to
tap the talents of Richard on a full time basis, and we are
excited to welcome him to Senesco," commented Ruedi Stalder,
chairman of the board. "We believe his demonstrated ability to
direct scientific programs towards commercial application will
be of great benefit as we continue to develop our R&D
initiatives in both human health and agriculture."
Mr. Dondero is a named inventor on
three patents and has authored several publications and
scientific abstracts. He holds a Master of Science Degree in
Biology from Seton Hall University, South Orange, New Jersey and
a Bachelor of Arts Degree in Biology/Chemistry from New Jersey
City University, Jersey City, New Jersey.
Senesco takes its name from the scientific term for the aging
of plant cells: senescence. The Company has developed technology
that regulates the onset of cell death. Delaying cell breakdown
in plants extends freshness after harvesting, while increasing
crop yields, plant size and resistance to environmental stress
for flowers, fruits and vegetables. The Company believes that
its technology can be used to develop superior strains of crops
without any modification other than delaying natural plant
senescence. Senesco has begun to explore ways to trigger or
delay cell death in mammals (apoptosis) to determine if the
technology is applicable in human medicine. Accelerating
apoptosis may have applications to development of cancer
treatments. Delaying apoptosis may have applications to certain
diseases such as Alzheimer's, glaucoma, ischemia and arthritis,
among others. Senesco partners with leading-edge companies and
earns research and development fees for applying its
gene-regulating platform technology to enhance its partners'
products. Senesco is headquartered in New Brunswick, New Jersey,
and utilizes research laboratories at the University of Waterloo
in Ontario, Canada and the University of Colorado in Denver,
Colorado, as well as other institutions. |