More money and new CEO for emerging autoimmune company
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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