Altimmune Appoints Life Sciences Industry Veteran Greg Weaver as Chief Financial Officer
November 11 2024 - 7:30AM
Altimmune, Inc. (Nasdaq: ALT), a clinical-stage biopharmaceutical
company, today announced the appointment of Greg Weaver as Chief
Financial Officer (CFO), effective immediately. Mr. Weaver will
lead the Company’s finance and accounting functions, including SEC
reporting and investor relations.
“We are pleased to welcome Greg to Altimmune’s
executive team during such a pivotal time in our evolution. He has
a wealth of experience that we believe will be invaluable as we
enter a crucial period in the development of our lead program,
pemvidutide and in our advancement as an organization,” said Vipin
K. Garg, Ph.D., President and Chief Executive Officer of Altimmune.
“We look forward to his contributions and are excited for the
opportunity to leverage his expertise and broad industry
relationships as we continue working to build value through the
advancement of pemvidutide.”
“Pemvidutide is a unique and highly promising
product candidate with broad therapeutic potential spanning a
variety of metabolic disorders for which its direct liver targeting
mechanism and robust lipid lowering capabilities can be
beneficial,” added Mr. Weaver. “The data generated to-date in
obesity and liver disease are extremely encouraging, and with
multiple significant milestones on the horizon I am excited to play
a role in Altimmune’s future success.”
Mr. Weaver joins Altimmune with over 25 years of
finance experience across a range of publicly-traded and
privately-held life sciences companies. Most recently, he was CFO
of Cognito Therapeutics, a clinical-stage company targeting
neurodegenerative diseases. Prior to joining Cognito, he was CFO at
atai Life Sciences (Nasdaq: ATAI), a neuropsychiatry company where
he led a $225 million Initial Public Offering in 2021. Throughout
his career, Mr. Weaver has led numerous capital market
transactions, manufacturing and R&D investments, product
launches and M&A transactions.
Earlier in his career, he served as CFO at
multiple publicly-traded biotech companies including Sirna
Therapeutics, a genetic medicines company acquired by Merck and
ILEX Oncology, a commercial-stage company acquired by Genzyme.
He currently serves as a Director and Chair of
the Audit Committee at BioIntelliSense, a commercial-stage patient
monitoring technology company, Director and Audit Committee Chair
at Centenara Labs (formerly Rejuveron), a clinical-stage biopharma
company focused on the science of aging and a Director at
HarborPath, a non-profit organization focused on providing patients
with access to life-saving medications. A United States Air Force
veteran, he holds a bachelor’s degree in Accounting and Finance
from Trinity University and an MBA from Boston College.
About AltimmuneAltimmune is a clinical-stage
biopharmaceutical company focused on developing innovative
next-generation peptide-based therapeutics. The Company is
developing pemvidutide, a GLP-1/glucagon dual receptor agonist for
the treatment of obesity and MASH. For more information, please
visit www.altimmune.com.
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Forward-Looking StatementAny statements made in
this press release relating to future financial or business
performance, conditions, plans, prospects, trends, or strategies
and other financial and business matters, including without
limitation, the timing of key milestones for our clinical assets,
and the prospects for the utility of, regulatory approval,
commercializing or selling any product or drug candidates, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. In addition, when or if
used in this press release, the words “may,” “could,” “should,”
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,”
“predict” and similar expressions and their variants, as they
relate to Altimmune, Inc. may identify forward-looking statements.
The Company cautions that these forward-looking statements are
subject to numerous assumptions, risks, and uncertainties, which
change over time. Important factors that may cause actual results
to differ materially from the results discussed in the forward
looking statements or historical experience include risks and
uncertainties, including risks relating to: delays in regulatory
review, manufacturing and supply chain interruptions, access to
clinical sites, enrollment, adverse effects on healthcare systems
and disruption of the global economy; the reliability of the
results of studies relating to human safety and possible adverse
effects resulting from the administration of the Company’s product
candidates; the Company’s ability to manufacture clinical trial
materials on the timelines anticipated; and the success of future
product advancements, including the success of future clinical
trials. Further information on the factors and risks that could
affect the Company’s business, financial conditions and results of
operations are contained in the Company’s filings with the U.S.
Securities and Exchange Commission, including under the heading
“Risk Factors” in the Company’s most recent annual report on Form
10-K and our other filings with the SEC, which are available at
www.sec.gov.
Company Contact:Vipin GargPresident and Chief
Executive OfficerPhone: 240-654-1450ir@altimmune.com
Investor Contact:Lee RothBurns McClellanPhone:
646-382-3403lroth@burnsmc.com
Julia WeilmanBurns McClellanPhone:
646-732-4443jweilman@burnsmc.com
Media Contact:Danielle CanteyInizio Evoke,
BiotechPhone: 619-826-4657Danielle.cantey@inizioevoke.com
This press release was published by a CLEAR® Verified
individual.
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