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WEST LAFAYETTE, Ind., Dec. 10, 2024 /PRNewswire/ -- On Target Laboratories, Inc., a leading biotechnology company specializing in the development of intraoperative molecular imaging agents to target and illuminate cancer during surgery, today announced the appointment of Bill Peters as president and chief executive officer. Peters has also joined the company's board of directors. He succeeds Ben Lundgren, who served as CEO since 2023 and was with the company for nearly six years. Continue Reading Bill Peters, president and chief executive officer, On Target Laboratories "Ben has been a pivotal force in advancing the commercialization of CYTALUX, building our Sales and Marketing organization, establishing strategic partnerships, and forging key customer relationships. We are deeply grateful for his leadership," said Scott Huennekens, Executive Chairperson of the Board at On Target Laboratories. "We are excited to welcome Bill as our new CEO. His impressive track record of driving success at large organizations uniquely positions him to scale On Target and continue delivering value for both our customers and investors." Peters brings more than 20 years of leadership experience in the medical technology sector, including a decade of executive leadership at ConMed. Most recently, he served as President of the Advanced Surgical and Advanced Endoscopic Technologies businesses in ConMed's General Surgery division, where he played a crucial role in driving a significant portion of the company's sales and profit growth. Under his leadership, General Surgery completed three successful acquisitions, launched innovative new products and emerged as the primary growth engine for the company. Prior to ConMed, Peters held senior commercial roles at Mako Surgical Corporation, which was acquired by Stryker in 2013, and at Intuitive Surgical. Earlier in his career, he also held sales leadership positions at Stryker Corporation. Peters holds a Bachelor of Business Administration in Finance from Ohio University. "I am both honored and excited to take on this leadership role at such an impactful company," said Peters. "The work we are doing to provide patients with groundbreaking technology and renewed hope is incredibly inspiring. I look forward to working alongside our exceptional team to advance our mission to illuminate cancer intraoperatively so it can be removed completely." About On Target Laboratories, Inc. On Target Laboratories discovers and develops targeted intraoperative molecular imaging agents to illuminate cancer during surgery. Their molecular imaging technology, based on the pioneering work of Philip S. Low, PhD, Purdue University's Presidential Scholar for Drug Discovery and the Ralph C. Corley Distinguished Professor of Chemistry, is comprised of a near-infrared dye and a targeting molecule, or ligand, that binds to receptors overexpressed on cancer cells. The imaging agents illuminate the cancerous tissue, which may enable surgeons to detect more cancer that otherwise may have been left behind. CYTALUX, the company's first product, received FDA approval of a New Drug Application for ovarian cancer in November 2021 and a supplemental New Drug Application for lung cancer in December 2022. CYTALUX targets the folate receptors commonly found on many cancers, binds to the cancerous tissue, and illuminates under near-infrared light. A single dose of the agent is administered via intravenous infusion prior to surgery and assists surgeons in visually identifying additional cancerous tissue to be removed during the operation. For more information, visit and . Media Contact: On Target Laboratories, Inc. Jessica Todd 513-325-5706 [email protected] SOURCE On Target Laboratories, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In GET STARTED

WEST LAFAYETTE, Ind., April 28, 2024 /PRNewswire/ -- Nicholas Baker, M.D., Director of Robotic Thoracic Surgery at the University of Pittsburgh Medical Center (UPMC) Passavant, presented key findings from independent research at the 104th Annual Meeting of the American Association for Thoracic Surgery (AATS) in Toronto, Canada. This is the first analysis of real-world experience for intraoperative molecular imaging (IMI) with CYTALUX following the phase 3 ELUCIDATE trial for cancer in the lung. The retrospective review included 39 sublobar resection procedures at UPMC that used CYTALUX to enhance the detection of cancer in the lung during surgery. "The real-world clinical outcome mirrors the experience reported by the investigators in the phase 3 trial and reinforces that this approach improves our ability to detect primary and metastatic pulmonary lesions," said Dr. Baker. The clinical outcome demonstrated an improvement in lung nodule localization, occult lesion identification and resection margin assessment, with CYTALUX aiding in the detection of primary lung cancer and metastatic lesions. The technology enabled the identification of 85.7% of primary lung cancer lesions compared to 67.9% identified using standard localization techniques without IMI. In addition, CYTALUX proved instrumental in identifying occult lesions intraoperatively that otherwise had no prior imaging correlates, revealing at least one additional malignancy in 18% of cases. "This technology represents a significant advancement over the way we have traditionally managed lung cancer in the operating room," said Ryan Levy, M.D., Chief of Thoracic Surgery at UPMC and co-author of the analysis shared at AATS. "The clinically proven ability to specifically target and visually detect occult and difficult-to-find lung lesions has dramatic implications for the way we approach and manage patients with lung cancer. I anticipate some of the biggest impact will be in patients with multifocal ground glass type cancers." CYTALUX was first approved as an adjunct for intraoperative identification of malignant lesions for use in adult patients with ovarian cancer in November 2021 and for adult patients with lung cancer in December 2022. CYTALUX is the first targeted molecular imaging agent that illuminates ovarian and lung cancer intraoperatively, enabling the detection of more cancer for removal. CYTALUX, administered by standard IV in as little as one hour before surgery, binds to folate receptors that are overexpressed in certain cancers1,2 and illuminates intraoperatively under near-infrared light. For more information about CYTALUX, visit CYTALUX.com. About On Target Laboratories, Inc. On Target Laboratories discovers and develops targeted intraoperative molecular imaging agents to illuminate cancer during surgery. Their molecular imaging technology, based on the pioneering work of Philip S. Low, PhD, Purdue University's Presidential Scholar for Drug Discovery and the Ralph C. Corley Distinguished Professor of Chemistry, is comprised of a near-infrared dye and a targeting molecule, or ligand, that binds to receptors overexpressed on cancer cells. The imaging agents illuminate the cancerous tissue, which may enable surgeons to detect more cancer that otherwise may have been left behind. CYTALUX, the company's first product, received FDA approval of a New Drug Application for ovarian cancer in November 2021 and a supplemental New Drug Application for lung cancer in December 2022. CYTALUX targets the folate receptors commonly found on many cancers, binds to the cancerous tissue, and illuminates under near-infrared light. A single dose of the agent is administered via intravenous infusion prior to surgery and assists surgeons in visually identifying additional cancerous tissue to be removed during the operation. For more information visit and . SOURCE On Target Laboratories, Inc.