FIT Biotech reports change in the composition of the Board of Directors – Biotech

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FIT Biotech reports change in the composition of the Board of Directors

PRESS RELEASE 12 August 2015, at 20.00

FIT Biotech reports change in the composition of the Board of Directors

FIT Biotech Ltd (NASDAQ: FITBIO), a Finnish biotechnology company, today announced a change in the composition of the Board of Directors. Ms Tina Nyfors, who has been serving at the Board since 2014, resigned today due to personal circumstances.

Mr. Rabbe Slätis, the Chairman of the Board, stated: "We would like to thank Ms Nyfors for her excellent contribution to the company and to our Board work. It has been a true pleasure working together. We would have liked to continue the working relationship with her and thus are sorry to see her go, but we of course understand her situation and respect her decision. We wish Ms Nyfors all the best for the future, and I'm sure our paths will cross again in the future."

Additional information:

CEO Kalevi Reijonen, FIT Biotech Oy
Email: kalevi.reijonen@fitbiotech.com
Phone: +358 40 843 5695

FIT Biotech Oy in brief:

FIT Biotech Oy is a biotechnology company established in 1995, focusing on DNA vaccines and gene therapy. The company bases its products on its patented GTU ® (Gene Transport Unit) technology. Through GTU technology, FIT Biotech develops DNA vaccines in order to both prevent and also treat various diseases. Identified application areas include HIV, tuberculosis (and other infectious diseases) as well as gene therapy (cancer, autoimmune diseases). Other application areas are under development. FIT Biotech Oy is listed on NASDAQ First North (ticker: FITBIO). More information can be found at www.fitbiotech.com.

Certified Advisor: Translink Corporate Finance Oy, Kluuvikatu 5, 00100 Helsinki. Tel: +358-20-743 2790

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