ITUS (NASDAQ: ITUS) this morning said that its board of directors has appointed Dr. Amit Kumar as its new president and chief executive officer. Dr. Kumar replaces Robert Berman, who has resigned as president, CEO and as a director. Dr. Kumar joined the company in 2012 as a director, and has served as the company’s executive chairman for the past year as well. Additionally, Mike Catelani, ITUS’ CFO, has been promoted to chief operating officer. “We’ve been building a solid scientific foundation through the development of our cancer detection technology, and I look forward to helping the company advance that technology, as well as others, in pursuit of our goal to help people with cancer through better diagnoses and earlier treatment,” Catelani stated in the news release.
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ITUS, through its wholly owned subsidiary, Anixa Diagnostics Corporation, is developing the Cchek™ platform, a series of non-invasive blood tests for the early detection of solid tumor based cancers, which is based on the body’s immunological response to the presence of a malignancy. Additional information is available at www.ITUScorp.com.
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