Adynxx: Adynxx Adds Gregory J. Flesher to Board of Directors, Completes Up-listing to OTCQB Market

SAN FRANCISCO, July 22, 2019 (GLOBE NEWSWIRE) -- Adynxx, Inc. (OTCQB:ADYX), a clinical-stage biopharmaceutical company focused on the development of transcription factor decoy technology and first-in-class therapeutics for the treatment of pain and inflammatory diseases, today announced that Gregory J. Flesher, Chief Executive Officer at Novus Therapeutics Inc. (NASDAQ:NVUS), has been appointed to the Adynxx Board of Directors. In addition, Adynxx also announced today that it satisfied the requirements for listing of the Company's shares on the OTCQB Market (OTCQB) and will begin trading on the OTCQB today."We are very pleased to welcome Greg to the Adynxx board," said Dennis Podlesak, Partner, Domain Associates and Adynxx's Chairman. "He has an exceptional track record of building successful life science companies and getting novel drugs approved, and his operational and commercial expertise will be instrumental to Adynxx as we continue to advance our portfolio of novel, non-opioid therapeutics. I had the pleasure of working closely with Greg while on the board of directors at Avanir, where he was a key member of the senior leadership team and played a pivotal role in growing the company from a market cap of less than $50 million to a $3.5 billion acquisition by Otsuka, which was a great outcome for the Avanir shareholders."Mr. Flesher has served as the Chief Executive Officer and a member of the Board of Directors of Novus Therapeutics, Inc., a specialty pharmaceutical company focused on developing products for patients with disorders of the ear, nose and throat, since May 2017. Prior to Novus, Mr. Flesher served as Chief Executive Officer and a member of the Board of Directors for Otic Pharma, Ltd. from 2015 to 2017. Mr. Flesher has more than 20 years of pharmaceutical industry experience and has been closely involved with several successful drug development programs that have resulted in multiple product approvals and commercial launches in the U.S. and Europe. Prior to Otic Pharma, Mr. Flesher served as Senior Vice President of Corporate Development and Chief Business Officer, ...Full story available on Benzinga.com