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Vaccinogen Names Veteran Biotech Executive Kranda President & CEO

Frederick, MD, USA – September 30, 2010 – Vaccinogen, Inc. selected veteran biotechnology executive Michael L. Kranda as President and Chief Executive Officer to guide it through its next stage of growth.

“The timing couldn’t be better – as the company proceeds to finance and launch a pivotal Phase III clinical trial," said Michael G. Hanna, Jr., Ph.D., Vaccinogen’s Founder & Chairman and inventor of the company’s unique cancer-fighting vaccine OncoVAX®.

Co-founder and COO Andrew L. Tussing said Mr. Kranda was the clear choice to head the break-through biopharmaceutical company. “He has the vision and experience to lead us through this important phase in our growth,” Mr. Tussing said.

“I’m excited about OncoVAX®’s potential to save lives and Vaccinogen’s role as a pioneer in using autologous vaccines to combat cancer,” said Mr. Kranda. “I look forward to building on the OncoVAX® technology to create an important and leading company in the cancer vaccine arena.”

Literally Turning Cancer on Itself™, Vaccinogen works to harness the body’s immune system to prevent the recurrence of cancer in patients recovering from the disease.

Mr. Kranda brings to Vaccinogen more than two decades of experience developing biotechnology platforms, products and companies. He sits on the board of directors of several companies including PTC Therapeutics.

Previously, Mr. Kranda served as the CEO, President and Director of Anesiva, a publicly-traded biotech company in South San Francisco, CA. Prior to joining Anesiva, Mr. Kranda was Managing Director of Vulcan Capital, Paul Allen’s investment arm, where he led the life science venture investments team. Mr. Kranda also served as CEO of Oxford GlycoSciences, listed on the LSE and NASDAQ, as well as President and COO of Immunex (now Amgen).

Mr. Kranda holds a BA and an MBA from the University of Washington School of Business.

About OncoVAX® 

About Vaccinogen