Entera Bio Appoints Adam Gridley as Chief Executive Officer
“We are thrilled to have Adam, a highly accomplished pharmaceutical executive with proven business development and financial acumen, join Entera as CEO,” said Mr. Gerald Lieberman, Chairman of Entera’s Board of Directors. “Adam has a successful track record in developing and executing plans to grow start-ups to fully integrated global commercial organizations and building multiple executive leadership teams. His capabilities in business development and finance are highlighted by his involvement in over 15 strategic transactions and financings worth in excess of
Mr. Gridley stated, “I am delighted to lead Entera at this pivotal time, and believe there are substantial opportunities to create value both by leveraging the Company’s powerful oral delivery technology platform and by advancing our underlying therapeutic pipeline, for which we retain full global rights. We intend to continue the strategy of exploring strategic collaborations and licensing agreements with biotech and pharmaceutical partners for other large molecules and proteins, and building on the success of the strategic research collaboration signed with
“For Oral human parathyroid hormone (“PTH”) in osteoporosis, the Company’s most advanced internal candidate, the positive guidance recently received from the FDA has provided clarity on the development path for this program, via the 505(b)(2) regulatory pathway,” Mr. Gridley continued. “I look forward to working with our talented team to advance this program rapidly, with the immediate priority of conducting a Phase 2a dose-ranging study, designed to inform the design of a Phase 3 study in osteoporosis. Further, we intend to maximize the value of our Hypoparathyroidism clinical candidate, which has Orphan Disease designation in the U.S. and E.U.”
Dr.
Prior to Entera, Mr. Gridley was President and CEO, and a Director of
The terms of Mr. Gridley’s engagement are subject to the approval of the company's shareholders.
About
Entera has developed a proprietary platform technology that enables oral delivery of biologicals and large molecule drugs, which are typically delivered via injections and or other non-oral pathways. However, oral drug delivery is the easiest method for self-administering medications, offers patients greater dosing flexibility, and has the highest patient acceptance and compliance rates as compared to all other routes of drug administration. The Company employs this technology for its own pipeline products and may enter into licensing agreements with biopharma companies for application of the technology to their proprietary compounds, such as the
Forward Looking Statements
This press release contains "forward-looking statements." Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, often signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information that the Company has when those statements are made or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a discussion of these and other risks that could cause such differences and that may affect the realization of forward-looking statements, please refer to the "Special Note Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Registration Statement on Form F-1 and other filings with the
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Source: Entera Bio