Mr. Terry Howlett
reports
OVATION SCIENCE INC. ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER
Ovation Science Inc. has appointed Joan Chypyha as chief
financial officer of the company, effective immediately.
Ms. Chypyha brings over 30 years of executive and operational management experience across the
pharmaceutical and biotechnology sectors. She is the founder, president and chief executive officer of
Alto Pharmaceuticals Ltd., where she leads commercial strategy, business operations and financial
management. Alto Pharmaceuticals holds an interest in Pepper & Pink Inc., a company focused on
launching branded and private label personal care products.
Her background includes serving as president of Cipher Pharmaceuticals, general manager at Barrier
Therapeutics Canada, and 16 years at Hoffmann-La Roche in senior leadership, business development and
strategic operational roles, including as director of the dermatology business unit. Ms. Chypyha also brings
public company governance experience, including as an independent director and audit committee member
of Edesa Biotech Inc. This experience encompasses financial oversight, regulatory compliance, capital
allocation and public market strategy. Ms. Chypyha has served as a director of the company and will
continue to serve on the board of directors.
In connection with her appointment, Ms. Chypyha has resigned as a member of the company's audit
committee, effective concurrently with her appointment as chief financial officer. The board of directors
has appointed Ronald Stern to the audit committee to fill the resulting vacancy.
About Ovation Science Inc.
Ovation Science, together with its wholly owned subsidiary, Ovation Science USA Inc., is a research
and development company that develops topical and transdermal CBD/THC (cannabidio/tetrahydrocannabinol)
and other cannabinoid
products that are outlicensed and also distributed under Ovation's own brands, Arlo CBD Beauty and
InVibe MD (wellness line), all powered by its patented Invisicare skin delivery technology. Invisicare
enhances the delivery of ingredients to and through the skin and is protected by patents and proprietary
formulations. With over 20 years of pharmaceutical drug delivery experience, Ovation's management and
science team have created a unique pipeline of proprietary medical/wellness topical and transdermal
products, along with a line of anti-aging/beauty formulas. Ovation earns revenues from royalties on
licensees' sales and the sale of Invisicare, along with revenue from its own product sales. Ovation has
offices in Vancouver, Canada, and Las Vegas, United States.
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