More money and new CEO for emerging autoimmune company

20 June 2023

The appointment of a new chief executive at immune-mediated disease specialist Veralox Therapeutics coincides with a fresh investment of $24 million from new and existing backers.

Veralox, a clinical-stage biotech based in Maryland, USA, is working on a new class of therapies targeting the 12-LOX pathway, with the aim of addressing persistent and serious conditions.

As part of the firm’s development strategy, former PhaseBio Pharmaceuticals (OTCMKTS: PHASQ) chief executive Jonathan Mow will now take the helm.

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