Boundless Bio Announces Departure of Chief Financial Officer
October 14 2024 - 7:00AM
Boundless Bio (Nasdaq: BOLD), a clinical-stage oncology company
interrogating extrachromosomal DNA (ecDNA) biology to deliver
transformative therapies to patients with previously intractable
oncogene amplified cancers, today announced that Jami Rubin has
stepped down from her role as Chief Financial Officer (CFO) for
personal reasons. Boundless Bio does not plan to hire a successor
CFO at this time; David Hinkle, Senior Vice President, Finance and
Controller, will maintain responsibility for the company’s Finance
operations and assume the roles of principal financial and
accounting officer.
“On behalf of the company and Board, I want to extend my
sincerest gratitude to Jami for her many contributions during her
tenure at Boundless, including her leadership in the success of our
IPO and the refinement of our corporate strategy,” said Zachary
Hornby, President and Chief Executive Officer of Boundless Bio.
“Thanks to Jami’s contributions, Boundless is in a strong position
for the future and we wish her all the best.”
“It has been an honor to serve in this position, and I take
great pride in what we have accomplished at Boundless on our
journey to become a leader in developing drugs to treat patients
with oncogene amplified cancers,” said Ms. Rubin. “A hallmark of my
time at Boundless has been collaborating with such a talented team
and supportive Board. With the clinical trials underway for our
lead programs and a balance sheet that supports their continued
advancement, I am confident that Boundless is positioned for
success.”
About Boundless BioBoundless Bio is a
clinical-stage oncology company dedicated to unlocking a new
paradigm in cancer therapeutics to address the significant unmet
need of patients with oncogene amplified tumors by targeting
extrachromosomal DNA (ecDNA), a root cause of oncogene
amplification observed in more than 14% of cancer patients.
Boundless Bio is developing the first ecDNA-directed therapeutic
candidate (ecDTx), BBI-355, which is an oral inhibitor of
checkpoint kinase 1 (CHK1) being evaluated in a Phase 1/2 clinical
trial in patients with oncogene amplified cancers. Boundless Bio’s
second ecDTx, BBI-825, is an oral inhibitor of ribonucleotide
reductase (RNR) being evaluated in a Phase 1/2 clinical trial in
cancer patients with resistance gene amplifications. Leveraging its
Spyglass platform, Boundless Bio has additional programs advancing
through preclinical development and discovery. Boundless Bio is
headquartered in San Diego, CA.
For more information, visit www.boundlessbio.com. Follow us
on LinkedIn and X.
Forward-Looking Statements
Boundless Bio cautions you that statements contained in this
press release regarding matters that are not historical facts are
forward-looking statements. The forward-looking statements are
based on our current beliefs and expectations and include but are
not limited to: the strength of our position and the potential for
success; and the sufficiency of our team and our balance sheet to
support advancement of our clinical pipeline. Actual results may
differ from those set forth in this press release due to the risks
and uncertainties inherent in our business, including, without
limitation: we are early in our development efforts and our
approach to discover and develop ecDTx directed against ecDNA in
oncogene amplified cancers is novel and unproven; results from
preclinical studies or early clinical trials not necessarily being
predictive of future results; potential delays in the commencement,
enrollment, data readouts or completion of clinical trials or
preclinical studies; unfavorable results from clinical trials or
preclinical studies; unexpected adverse side effects or inadequate
efficacy of our ecDTx that may limit their development, regulatory
approval, and/or commercialization; regulatory developments in the
United States and foreign countries; we may use our capital
resources sooner than we expect; any adverse impacts resulting from
the departure of the Chief Financial Officer; and other risks
described in our filings with the Securities and Exchange
Commission (SEC), including under the heading “Risk Factors” in our
quarterly report on Form 10-Q for the quarter ended June 30, 2024
and any subsequent filings with the SEC. You are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date hereof, and we undertake no obligation to
update such statements to reflect events that occur or
circumstances that exist after the date hereof. All forward-looking
statements are qualified in their entirety by this cautionary
statement, which is made under the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995.
Contact:Renee LeckTHRUST Strategic
Communicationsrenee@thrustsc.com
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