Cardax, Inc. Announces Restructuring of Board of Directors
August 31, 2021 at 05:00 pm EDT
Share
Cardax, Inc. announced the restructuring of its Board of Directors, in connection with this refocused business strategy. George W. Bickerstaff, III, Terence A. Kelly, Ph.D., Michele Galen, Elona Kogan, and Makarand Jawadekar, Ph.D., have resigned effective, August 31, 2021, from the Board of Directors. David G. Watumull, Cardax Chief Executive Officer and Director, has been appointed Chairman and serves as the Company's sole director.
Cardax, Inc. is a consumer health company focused on marketing ZanthoSyn, an astaxanthin dietary supplement for inflammatory health. It seeks to monetize CDX-101, the Company's pre-clinical pharmaceutical candidate for cardiovascular inflammation and dyslipidemia, and CDX-301, the Company's pre-clinical pharmaceutical candidate for macular degeneration. CDX-101 is a proprietary astaxanthin prodrug that cleaves following oral administration and delivers astaxanthin to the bloodstream. Astaxanthin is a naturally occurring molecule with safe anti-inflammatory activity that supports cardiovascular health, metabolic health, liver health, joint health, and longevity. It intends to develop zeaxanthin pharmaceutical candidate, CDX-301, for macular degeneration. Zeaxanthin accumulates in the human eye through uptake by a retinal receptor, providing protection against blue light, oxidative damage, and related inflammation that occurs in macular degeneration.
CARDAX, INC. 
