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OXiGENE Appoints Matthew M. Loar as Chief Financial Officer

OXiGENE, Inc. (Nasdaq:OXGN), a biopharmaceutical company developing novel therapies for treatment of cancer, announced that Matthew M. Loar has been appointed Chief Financial Officer. Mr. Loar is a seasoned financial executive with over 20 years of financial and accounting experience in both public and private companies in the biopharmaceutical industry.

“I am extremely pleased to welcome Matt to our leadership team,” said William D. Schwieterman, M.D., OXiGENE’s President and Chief Executive Officer. “Matt has a wealth of experience in many areas, including business development, financial transactions, and working with Wall Street and the investment community. He brings valuable expertise to OXiGENE as we seek to advance our clinical candidates and work to build shareholder value.”

Mr. Loar most recently was Chief Financial Officer at KineMed, Inc., a private company with biomarker technology used in drug development. Previously, Mr. Loar was an independent financial consultant and was CFO at several public companies engaged in clinical drug development, including Neurobiological Technologies, Osteologix, and Genelabs Technologies.

Commenting on his appointment, Mr. Loar said, “I am delighted to join OXiGENE as CFO during this time of transition, growth and opportunity. I look forward to working with Bill and all the staff toward realizing the full value of our clinical programs.”

Mr. Loar graduated from the University of California, Berkeley, and is a certified public accountant (inactive) in California. He has served on the board of directors of two public biopharmaceutical companies in the San Francisco Bay Area, and has also served as treasurer of the Silicon Valley Chapter of Financial Executives International (FEI).

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