PURE Bioscience, Inc. Announces Board and Committee Changes
July 02, 2018 at 06:08 pm IST
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PURE Bioscience, Inc. announced that on June 28, 2018, William Otis retired from the Board and from his service as Chair of the Board's Compensation Committee and as a member of the Board's Audit Committee. His retirement is not the result of any disagreement with the Company on any matter related to its operations, policies or practices. On June 28, 2018, the Board authorized and approved the appointment of Ivan Chen as a member of the Board, effective immediately. The Board also appointed Mr. Chen to serve as a member of the Audit Committee. In addition, the Board appointed Janet Risi Field as Chair of the Compensation Committee and Elisabeth Hagen M.D. as a member of the Compensation Committee. Mr. Chen is an attorney and entrepreneur with extensive experience in the healthcare and technology industries. Since 2017, Mr. Chen has served as co-founder of gan-bei, Inc.
PURE Bioscience, Inc. is focused on developing and commercializing its proprietary antimicrobial products primarily in the food safety arena. The Company provides solutions to combat the health and environmental problems of pathogen and hygienic control. Its technology platform is based on patented, stabilized ionic silver, and its initial products contain silver dihydrogen citrate (SDC). SDC is a broad-spectrum, non-toxic antimicrobial agent, which offers residual protection and formulates with other compounds. The Company offers PURE Hard Surface as a food contact surface sanitizer and disinfectant to restaurant chains, food processors and food transportation companies. It also offers PURE Control as a direct food contact processing aid. It also manufactures and sells SDC-based products for end use, products preserved with SDC and SDC as a raw material ingredient for manufacturing use. The Company sells its products directly and indirectly through third-party distributors.