Seres Therapeutics Announces Appointment of Wael Hashad as Chief Commercial Officer
In this newly created role, Hashad will be responsible for all
activities related to the anticipated commercialization of the company’s
products in development, including SER-109, which is currently in a
Phase 2 clinical study for recurring Clostridium difficile
infection (CDI). He will report to
“As we prepare to move into late-stage development, we are looking forward to commercializing Seres’ first-in-field microbiome therapies worldwide,” said Dr. Pomerantz. “Wael brings tremendous experience at top companies across diverse therapeutic areas in markets throughout the world. His expertise will be a valuable addition to our leadership team.”
Hashad joins Seres with more than 25 years of experience successfully
launching first- and best-in-class therapies for leading companies in
the biotechnology and pharmaceutical industries, including
“I am excited to join Seres at a time when it is poised to have dramatic impact on diseases that are poorly managed today,” Hashad added. “The potential to introduce the first-ever microbiome therapeutic to patients is especially exciting, and I look forward to building and leading a team that will embrace the rare opportunity to help create a new era in medicine.”
About
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the impact that Seres can have on diseases and the ability to commercialize therapies.
These forward-looking statements are based on management’s current
expectations. These statements are neither promises nor guarantees, but
involve known and unknown risks, uncertainties and other important
factors that may cause our actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements,
including, but not limited to, the following: we have incurred
significant losses, are not currently profitable and may never become
profitable; our need for additional funding, which may not be available;
our limited operating history; the unpredictable nature of our early
stage development efforts for marketable drugs; the unproven approach to
therapeutic intervention of our microbiome therapeutics; the lengthy and
expensive process of clinical drug development, which has an uncertain
outcome; potential delays in enrollment of patients which could affect
the receipt of necessary regulatory approvals; potential delays in
regulatory approval, which would impact the ability to commercialize our
product candidates and affect our ability to generate revenue; any fast
track or Breakthrough Therapy designation may not lead to faster
development, regulatory approval or marketing approval; our possible
inability to receive orphan drug designation should we choose to seek
it; our reliance on third parties to conduct our clinical trials and the
potential for those third parties to not perform satisfactorily; our
reliance on third parties to manufacture our product candidates, which
may delay, prevent or impair our development and commercialization
efforts; our lack of experience in manufacturing our product candidates;
the potential failure of our product candidates to be accepted on the
market by the medical community; our lack of experience selling,
marketing and distributing products and our lack of internal capability
to do so; failure to compete successfully against other drug companies;
potential competition from biosimilars; failure to obtain marketing
approval internationally; post-marketing restrictions or withdrawal from
the market; anti-kickback, fraud, abuse, and other healthcare laws and
regulations exposing us to potential criminal sanctions; recently
enacted or future legislation; compliance with environmental, health,
and safety laws and regulations; protection of our proprietary
technology; protection of the confidentiality of our trade secrets;
changes in
View source version on businesswire.com: http://www.businesswire.com/news/home/20160106005454/en/
Source:
IR Contact:
Seres Therapeutics
Carlo
Tanzi, Ph.D., 617-203-3467
Head of Investor Relations and Corporate
Communications
Ctanzi@serestherapeutics.com
or
PR
Contact:
Ten Bridge Communications
Dan Quinn,
781-475-7974
Dan@tenbridgecommunications.com