Two of Epitope Inc.'s Founders, Its Chairman And President, Resign

Two of Epitope Inc.'s Founders, Its Chairman And President, Resign

BEAVERTON, Ore., April 23, 1990, Wall Street Journal. Copyright Dow Jones & Co. Inc. -- Epitope Inc. said two of its three founders, Denis R. Burger, chairman, and Michael C. Hubbard, president and chief executive officer, resigned to pursue other business interests. The biotechnology concern said it named Roger Pringle chairman and Adolph J. Ferro president and chief executive officer. Mr. Pringle was an Epitope director; Mr. Ferro was formerly president of the company's Agritope Inc. unit.

Mr. Burger left to pursue full-time operation of Yamhill Valley Vineyard and his related wine-distribution business. He will remain a member of the board, and will serve as a consultant. Mr. Hubbard will pursue other unspecified business interests, the company said. He also will remain as a consultant.

A third founder, Andrew Goldstein, remains with the company as vice president, product development. Epitope is developing diagnostic tests for AIDS as well as therapeutic drugs for protozoan diseases. The company also is developing genetically engineered plant varieties through its Agritope subsidiary.

In its fiscal first quarter ended Dec. 31, the company posted a net loss of $541,000, or eight cents a share, on revenue of about $1 million. It had a loss of $870,000, or 18 cents a share, on revenue of $544,000 the year earlier.

(Online Source: http://www.aidsinfobbs.org/articles/wallstj/90/119)