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Gary Lessing has been with Germantown-based Avalon since 2001, roughly two years after it was founded. Avalom did not provide further detailsabout Lessing's futured plans. Eric Winzer, a longtime finance executiv for biotech companies is slated to replaces Lessingas CFO, effective July 2. Winzer workedr for Califoria-based (NASDAQ: IVGN), a provider of researcn tools, from 2000 to 2006, holdingy positions such as senior vice CFO and vice presidentof finance. From 1986 to Winzer served in various roles including CFO, secretary and treasurer at Life Technologies, a Rockville-basef company that Invitrogen acquirex in 2000.
"Eric's background and expertise in both operation and in the investment gained while working in a largepublic company, will be a grea benefit to our company," Avalon President and CEO Ken Carter says in a Avalon (NASDAQ: AVRX) is attempting to develolp and commercialize cancer therapeutics. Its lead product is in Phasse Iclinical testing. Stock in Avalon climbed 41 cents, or 7.82 to close Thursday at $5.656 per share.
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