On November 25, 2024, iBio, Inc. (NYSEA:IBIO) announced the addition of two seasoned biotech industry veterans, David Arkowitz and António Parada, to its Board of Directors. These appointments are part of the company’s strategic efforts to enhance its board composition and align with the vision of becoming a leading antibody discovery and development firm with a robust clinical pipeline.
David Arkowitz, currently serving as the Chief Financial Officer at Alkeus Pharmaceuticals, brings a wealth of financial and operational experience to the board. His previous roles include senior positions at Seres Therapeutics, Inc., Flexion Therapeutics, Inc., and Visterra, Inc., demonstrating a strong background in the biotech industry.
In response to these appointments, iBio’s CEO and Chief Scientific Officer, Martin Brenner, expressed his enthusiasm for the expansion and strengthening of the board. He highlighted the valuable contributions that Arkowitz and Parada are expected to bring, emphasizing the company’s focus on advancing its antibody discovery platform and therapeutic pipeline for challenging diseases like cardiometabolic conditions and oncology.
The incoming directors also shared their perspectives on joining iBio’s board. David Arkowitz expressed excitement about the potential of iBio’s drug discovery platform in identifying previously undruggable targets. On the other hand, António Parada acknowledged the challenges in developing next-generation antibodies and expressed confidence in iBio’s technology to address these hurdles effectively.
These strategic appointments signify iBio’s commitment to harnessing advanced technologies and industry expertise to drive innovation in biopharmaceuticals. With a strong emphasis on precision antibody immunotherapies and computational biology, iBio aims to revolutionize drug development processes, reduce timelines, and explore new treatment frontiers.
Investors and stakeholders can find more information about iBio’s initiatives and developments on the company’s official website at www.ibioinc.com.
Please note that this news article is based on the press release issued by iBio, Inc. on November 25, 2024, and does not constitute filed information under the Securities Exchange Act of 1934. As such, it should not be incorporated by reference into any regulatory filings made by the company.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read iBio’s 8K filing here.
About iBio
iBio, Inc, a preclinical stage biotechnology company, engages in the development of artificial intelligence (AI) antibodies solutions for cancer, and other diseases. The company’s technology platforms include EngageTx that provides improved CD3 T-cell engager antibody panel; ShieldTx, an antibody masking technology that enables the creation of conditionally activated antibodies; StableHu, an AI antibody-optimizing technology; and AI epitope steering technology that guides antibodies against the desired regions of the target protein.
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