– USA, TX – March Biosciences, an emerging clinical-stage biotechnology company committed to combating challenging cancers and other diseases, announced the election of Peter Olagunju as Chair of its Board of Directors.
About Peter Olagunju
Peter Olagunju joined the board in August 2023 and has over 20 years of experience in cell and gene therapy development and commercialization. He currently serves as CEO of Stealth Mode Biotech in Boston, a position he has held since May 2024. He previously served as COo at TCR² Therapeutics and held executive leadership positions at FerGene and Bluebird Bio, playing an integral role in the development and commercialization of six FDA-approved cell and gene therapies. Through his consulting firm Olio, LLC, he has provided strategic and tactical support for cell and gene therapy companies in areas including corporate strategy, technical operations, and financing.
“March Bio has made remarkable progress in advancing its innovative CD5 CAR-T platform technology, demonstrating promising clinical results in T-cell lymphoma patients with significant unmet needs,” said Peter Olagunju. “Having spent my career developing and commercializing cell and gene therapies, I am excited about MB-105’s potential to overcome the historical challenges of treating T-cell malignancies. I am honored to serve as Board Chair and work alongside the talented March Bio team as we focus on executing our Phase 2 clinical program and establishing a robust manufacturing process to support future commercialization.”
About March Biosciences
Houston-based March Biosciences, launched from the Center for Cell and Gene Therapy (Baylor College of Medicine, Houston Methodist Hospital, Texas Children’s Hospital), is dedicated to addressing challenging cancers unresponsive to current immunotherapies. Its lead asset, MB-105, is a CD5-targeted CAR-T cell therapy currently in Phase 1 trials in patients with refractory T-cell lymphoma and leukemia, with promising signals of efficacy and safety to date. A Phase 2 trial is expected to begin in early 2025. The company has raised over $51 million to date, inclusive of venture financing, support from the Cancer Prevention & Research Institute of Texas (CPRIT), and the NIH SBIR program.
March Bio’s lead program, MB-105, is a first-in-class CD5-targeted CAR-T therapy in development for relapsed and refractory CD5-positive T-cell lymphoma. The company plans to initiate a Phase 2 clinical trial in early 2025 following encouraging safety and efficacy signals in the ongoing Phase 1 study at Baylor College of Medicine.
For more information: https://march.bio/
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