– USA, CA – Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company focused on developing targeted therapies to inhibit frontier cancer targets, today announced the appointments of Dr Eric T. Schmidt, Ph.D., and Peter Svennilson to its board of directors.
“Eric and Peter will each strengthen our board’s financial expertise as Revolution Medicines continues maturing as a public company. In particular, Eric brings deep Wall Street insight from his tenure as a highly regarded sell-side biotechnology analyst and more recently as the chief financial officer of Allogene Therapeutics, a leading cell therapy company. Similarly, Peter brings considerable financial and transactional expertise based on his career as an investment banker, founder and a managing partner of The Column Group, and director for multiple successful biotechnology companies,” said Chairman, CEO and President, Dr Mark Goldsmit.
Dr. Schmidt and Mr. Svennilson are widely respected executives with extensive Wall Street and financial markets experience in the biopharmaceutical industry. Mr. Svennilson was appointed to fill the vacancy created by the resignation of Larry Lasky, Ph.D., who stepped down from the board of directors and will continue supporting the company as a scientific advisor.
Dr Mark Goldsmit added: “We look forward to the positive impact we expect both of these accomplished individuals will have as we continue to build on our company’s momentum. We appreciate Larry’s service on our board during our formative years, and we are pleased he will continue to draw from his vast scientific knowledge on our behalf.”
About Dr Eric Schmidt
Dr. Schmidt currently serves as the chief financial officer of Allogene Therapeutics, a clinical-stage biotechnology company pioneering the development of allogeneic cell therapies for cancer. Previously, he was managing director and senior biotechnology analyst at Cowen and Company. During his two decades at Cowen, he was a highly trusted industry analyst whose work was recognized in polls conducted by The Wall Street Journal, Reuters, Alpha Magazine, and Institutional Investor. Prior to joining Cowen in 1998, Dr. Schmidt was vice president and research analyst covering the biotechnology sector at UBS Securities. Dr. Schmidt holds a bachelor’s degree in chemistry from the University of Pennsylvania and a Ph.D. in biochemistry from the Massachusetts Institute of Technology, where he serves on the visiting committee for the department of biology. He also serves on the board of directors for Relmada Therapeutics, Inc.
About and Peter Svennilson
Mr. Svennilson founded The Column Group (TCG) in 2007 and has worked in venture capital and finance for more than 35 years. He served as the chairman of Aragon Pharmaceuticals from the company’s founding until it was sold to Johnson & Johnson in 2013, chairman of Seragon Pharmaceuticals until its sale to Genentech/Roche in 2014, and director of Constellation Pharmaceuticals until 2019. Prior to TCG, he was founder and managing partner of Three Crowns Capital where he played a key role in the venture financings for biotech companies such as Tularik, Rosetta, PTC, Chemocentryx, Rinat, Tercica, Somalogic, Infinity and Five Prime Therapeutics. Before Three Crowns Capital, Mr. Svennilson was the associate managing director in charge of European Investment Banking Origination at Nomura in London. He currently serves on the boards of ORIC Pharmaceuticals, Ribon Therapeutics, Circle Pharma and Carmot Therapeutics, and is a Trustee at The Institute for Advanced Study in Princeton, New Jersey. Mr. Svennilson holds a B.S. and an M.B.A. from the Stockholm School of Economics and Finance.
About Revolution Medicines, Inc.
Revolution Medicines is a clinical-stage oncology company focused on developing novel targeted therapies to inhibit elusive high-value frontier cancer targets within notorious growth and survival pathways, with particular emphasis on RAS and mTOR signaling pathways. The company possesses sophisticated structure-based drug discovery capabilities built upon deep chemical biology and cancer pharmacology know-how and innovative, proprietary technologies that enable the creation of small molecules tailored to unconventional binding sites.
For more information: https://www.revmed.com
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