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BioPharmX taps KIP’s Wang for board

Silicon Valley-based biotech firm BioPharmX Corp. has named Ping Wang to its board of directors. Wang is a principal at Korea Investment Partners.

PRESS RELEASE

MENLO PARK, Calif., Nov. 10, 2014 /PRNewswire/ — BioPharmX Corporation (OTCQB: BPMX), a biotechnology company focused on the development of novel drug delivery products to address unmet needs in large, well-defined and underserved markets, today announced the appointment of Mr. Ping Wang, Principal of Korea Investment Partners, to the company’s board of directors. Mr. Wang’s appointment follows Korea Investment Partners’ investment in BioPharmX as part of its Series A private placement, which was also announced today.

“Having an accomplished professional like Mr. Wang join our board is an asset to our company,” said Jim Pekarsky, chief executive officer and co-founder of BioPharmX Corporation. “His expertise in guiding emerging growth companies will prove essential as we move our pipeline of products through clinical development toward global commercialization.”

Prior to joining Korea Investment Partners in 2010, Mr. Wang worked at Great Pacific Financial Group, where he was in charge of asset management and structured financing. Previously, Mr. Wang was an investment officer at Beijing Ancai Technology Venture Capital, and earlier, worked at Matsuoka Industry Group as IT Manager where he set up Shanghai Shangsoft. He began his professional career as a software engineer at IBM. Mr. Wang earned a B.S. degree in Computer Science at the University of Texas, Austin, and graduated from the MIT Sloan-Tsinghua joint program with an International MBA degree.

About BioPharmX Corporation
BioPharmX Corporation (OTCQB: BPMX) is a Silicon Valley-based biotechnology company, which seeks to provide innovative products through unique, proprietary platform technologies for prescription, over-the-counter (“OTC”), and supplement applications in the fast-growing health and wellness markets, including women’s health, dermatology, and otolaryngology (ears, nose & throat). To learn more about BioPharmX, visit www.BioPharmX.com.

About Korea Investment Partners
Korea Investment Partners (KIP), a Korea Investment Holdings company, is a private equity company specializing in small- and mid-cap businesses and has been discovering, investing in and promoting the growth of promising businesses since establishment in 1986. Since 2000, KIP has been managing venture capital funds worth KRW 907.3 billion and an overseas fund worth RMB 100 million while maintaining robust relationships with major long-term institutional investors including National Pension Service, Korea Finance Corporation and Korea Development Bank based on its solid track record. To learn more about Korea Investment Partners, visit www.kipvc.com.