WOODLAND
HILLS, California, USA, April 8, 2024 – Angitia Biopharmaceuticals,
a global, clinical-stage biotechnology company focused on the discovery and
development of innovative therapeutics for serious musculoskeletal diseases, today
announced the appointment of Michael H. Arenberg, J.D., M.B.A., as Chief
Financial Officer (CFO), effective April 8th, 2024.
Mike
Arenberg has over 25 years of leadership experience in the biotechnology
industry. Most recently, Mr. Arenberg served as Chief Operating Officer and
Chief Business Officer of Imago BioSciences, where he was responsible for
overseeing all capital market activities and led the deal process that resulted
in a $1.35 billion acquisition by Merck in 2023. Prior to joining Imago, Mr.
Arenberg was CFO and head of business development at Durect Corporation, a
clinical-stage biopharmaceutical company, where he oversaw all financial and
capital market activities. Over his career, Mr.
Arenberg has served in a number of roles including head of finance, operations,
strategy and business development and has negotiated over 70 strategic
transactions to a successful close.
Mr.
Arenberg earned his law degree from the University of Denver Sturm College of
Law, and his M.B.A. from the Leavy School of Business at Santa Clara
University.
David
Ke, M.D., Chairman and Chief Executive Officer of Angitia, commented, “We are
excited to welcome Mike as our CFO to the executive leadership team, as he
brings deep experience in capital markets and business development, as well as
strategic and operational expertise that complements our team.”
Mike
Arenberg, incoming CFO of Angitia, also commented, “Angitia has developed an
impressive pipeline, including multiple clinical candidates that each have the
potential to become best-in-disease therapies. Angitia
is poised for transformational growth in the coming years, and I look forward
to joining David and the team to help advance these novel therapeutics to
patients in need.”
About Angitia
Angitia
Biopharmaceuticals is a clinical-stage biotechnology company focused on the
discovery and development of innovative therapeutics for serious
musculoskeletal diseases. Leveraging the team's extensive experience and
scientific acumen in novel drug development, Angitia is committed to providing
groundbreaking therapies to satisfy key unmet medical needs.
Learn
more at www.angitiabio.com
Investor
& Media Contact:
William
Windham
Solebury Strategic Communications
wwindham@soleburystrat.com
646-378-2946
Forward-Looking
Statement
This
press release is prepared by Angitia (the “Company", “We”) for
informational purposes only. Forward-looking statements include all statements
that are not historical facts and, in some cases, can be identified by terms
such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,”
“could,” “potential,” “may,” “will,” “goal” or similar expressions and the
negatives of those terms. However, not all forward-looking statements contain
these identifying words.
These
forward-looking statements are based on the current projects, expectations,
assumptions, and understandings of the Company with respect to future events as
of the date these statements are made. These statements are not a guarantee or
warranty of future developments or otherwise.
These
statements involve substantial known and unknown risks, uncertainties, and
other factors that are beyond the Company’s control and are difficult to
predict and may cause our actual results, timing of results, or achievements to
be materially different from the information expressed or implied by these
forward-looking statements. We anticipate that subsequent events and
developments may cause our expectations and assumptions to change, and we
undertake no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise, except as
may be required by law.
Except
as expressly required by law, the Company and/or its officers, directors,
employees, and agents shall not assume responsibility for the accuracy and
completeness of the forward-looking statements in the information
provided.