Entera Bio Appoints Chief Executive Officer

Entera Bio Ltd. announced the appointment of Adam Gridley as Chief Executive Officer, effective immediately. Phillip Schwartz, Ph.D., former CEO of Entera since the Company’s inception in 2010, will continue with the Company as President of Research & Development and Executive Vice President at Entera.
 
Prior to Entera, Mr. Gridley was President, CEO, and a Director of Histogenics Corporation where he led the company’s $70 million IPO in December 2014, subsequently raising over $50 million of additional capital. He also completed a $30 million collaboration with Intrexon to develop allogeneic cell therapies, and an $87 million Japanese license agreement with MEDINET for its Phase 3 biologic product. Prior to Histogenics, Mr. Gridley served as Senior Vice President, Technical Operations at Merz where he led R&D, Manufacturing, Quality Operations, Finance and IT for a portfolio of aesthetics, dermatology, neurology, and OTC products that generated annual revenues of over $300 million. 
 
"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 $600 million. The Board also thanks Dr. Schwartz for his many contributions and development progress since joining the Company in 2010.  We are grateful for Phillip’s continued commitment and leadership in his new role as President of R&D given his extensive development history and scientific expertise for our leading technology platform."

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