Amarantus Bioscience Holdings Inc (AMBS)

[PENNYS ToMILLIONS]

Amarantus BioSciences Appoints Clinton O. Allen To Advisory Board
SUNNYVALE, Calif. – October 19, 2012 – Amarantus BioSciences, Inc. (OTCQB: AMBS), a biotechnology company developing new treatments and diagnostics for Parkinson’s disease and Traumatic Brain Injury centred on its proprietary anti-apoptotis therapeutic protein MANF, today announced that it has appointed Clinton O. Allen to its Advisory Board. Mr. Allen will work with management at Amarantus to improve internal controls, prepare due diligence materials for investors and implement corporate governance best practices.
“Clinton Allen is a seasoned biopharmaceutical executive with exceptional leadership capabilities and experience in Big Pharma,” said Gerald E. Commissiong, President & CEO of Amarantus. “He will be a tremendous asset for the Company as we execute on our corporate strategy
Mr. Allen has extensive experience in the biopharmaceutical space. He has held senior leadership positions at Bristol Myers Squibb as Senior Director of Corporate Compliance Audit, Director of Risk Management, Director of Product Development and Commercialization, Director of In-licensing and Business Development. Mr. Allen was a captain in the United States Army and received his master in in Environmental Management & Sciences from Tufts University.
“I am very excited to join Amarantus at this critical time in its growth cycle,” said Clinton O. Allen, newly appointed advisor to Amarantus. “The team at Amarantus has been working tremendously hard over the last few years to bring the MANF Program closer to actualizing its true potential. Now that the Company is looking at various partnering and funding opportunities to drive shareholder value, it is an opportune time to join the team in order to meticulously evaluate proposals and make recommendations for future growth. About Amarantus