– USA, CA – CohBar, Inc. (OTCQX: CWBR / TSXV: COB.U), an innovative biotechnology company focused on developing mitochondria-based therapeutics (MBTs) to treat diseases associated with aging, today reported that Simon Allen has been appointed as the company’s Chief Executive Officer. Mr. Allen brings to CohBar more than 20 years of industry experience and success both as a scientist and a business executive. Former CohBar CEO Jon Stern has assumed a new role going forward as the company’s Chief Operating Officer.
“We’ve demonstrated significant progress in developing our science and our underlying business foundation under Jon Stern’s direction over the past three years,” said Albion Fitzgerald, CohBar Chairman. “Going forward, Simon’s extensive experience and proven leadership in synergizing science and business for development-stage biotech companies will enable us to make even greater progress toward our strategic goals of industry and investment community recognition of CohBar’s unique therapeutic platform. We greatly appreciate Jon’s contributions, and look forward to continuing growth and increasing success with Simon leading the expanding CohBar team.”
“Effectively treating age-related disease is critical to improving and extending our quality of life,” said Mr. Allen. “I’m very excited to join the CohBar team and strengthen our leadership role in the research and development of mitochondria-based therapeutics for metabolic, cardiovascular, cancer and neurodegenerative diseases. Advancing our lead program to clinical trials will be an important milestone in demonstrating the full potential of our technology and delivering significant shareholder value.”
Prior to joining CohBar, Mr. Allen was a consultant to Solstice Biologics, after spending nearly five years as Chief Business Officer of Ambrx Inc. During his tenure at Ambrx, he established collaborations with Bristol-Myers Squibb, Merck, Astellas, Eli Lilly, Zhejiang Medicine and Zhejiang Hisun Pharmaceutical that realized over $120 million in non-dilutive funding and $1.5 billion in potential milestone payments. Prior to Ambrx, Mr. Allen was CEO of Kalypsys Inc., and Chief Commercial Officer of CovX Inc. (acquired by Pfizer). In the past, Mr. Allen has held business development positions at Nuvelo, Inc., SkyePharma PLC, and Corixa Corporation, and worked as a healthcare equities analyst at Burdett, Buckeridge & Young. Mr. Allen began his career as a Research Biologist at Gilead Sciences. He holds a B.Sc. degree in biochemistry and genetics from the University of Sydney and an M.B.A. from the Australian Graduate School of Management.
About CohBar
CohBar (OTCQX: CWBR and TSXV: COB.U) is a leader in the research and development of mitochondria-based therapeutics, an emerging class of drugs for the treatment of diseases associated with aging. MBTs originate from the discovery of a novel group of peptides within the genome of mitochondria, the powerhouses of the cell. This groundbreaking discovery was made by our founders, world leaders in the biology of aging, metabolism and mitochondrial genomics. MBTs offer the potential to address a broad range of diseases such as type 2 diabetes, cancer, atherosclerosis and neurodegenerative disorders.
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