Aligos Therapeutics Strengthens Board with Two New Independent Directors
August 08 2024 - 3:05PM
Aligos Therapeutics, Inc. (Nasdaq: ALGS, “Aligos”, the
“Company”), a clinical stage biopharmaceutical company focused on
developing novel therapeutics to address unmet medical needs in
liver and viral diseases, today announced the appointment of
Heather Preston, M.D. and Margarita Chavez, J.D. as Class II
Independent Directors to the Board of Directors, effective August
7, 2024. Dr. Preston will join the Nominating and Corporate
Governance Committee as Chair and Ms. Chavez will join the Audit
Committee.
“We are pleased to announce the appointment of Dr. Heather
Preston and Margarita Chavez to our Board of Directors,” stated
Lawrence Blatt, Ph.D., MBA, Chairman, President, and Chief
Executive Officer of Aligos Therapeutics. “Both Heather and
Margarita bring substantial expertise across the life sciences
spectrum. We look forward to their important contributions towards
ensuring Aligos’s success.”
Heather Preston is an experienced healthcare investor and
company builder, with more than 30 years of industry experience.
She is currently a Senior Advisor to TPG Biotech and serves on the
Boards of Oxford Biomedica (OXB:LSE), Oxford Nanopore Technologies
(ONT:LSE), and Azura Opthalmics. Previously, she was a Managing
Partner of Pivotal BioVentures and a Firm Partner and Managing
Director of TPG Biotech. She also held investing roles at JP Morgan
Partners and New Enterprise Associates. Prior to her investing
career, Dr. Preston spent five years at McKinsey & Co, where
she was a leader of their pharmaceutical and medical products
consulting practice. Dr. Preston has an undergraduate degree in
biochemistry from the University of London and a medical degree
from the University of Oxford. Dr. Preston completed a
post-doctoral fellowship in molecular biology at the Dana Farber
Cancer Institute, Harvard University and trained in Internal
Medicine at the Massachusetts General Hospital and subspecialized
in Gastroenterology and Hepatology at UCSF. During her academic
medical career, she was the recipient of a Fulbright Scholarship, a
Fulbright Cancer Research Scholarship, a Harlech Scholarship and a
Science and Engineering Research Council Post-Doctoral Fellowship
Award.
“I am thrilled to join the Board at Aligos,” stated Dr. Heather
Preston. “This is an exciting time as Aligos has two potential
best-in-class oral drugs for MASH and CHB. I look forward to the
opportunity of working with the other Board members and the Senior
Leadership Team as the Company continues to progress its promising
drug candidates through the clinic.”
Margarita Chavez is a seasoned biopharmaceutical executive, with
over 25 years of dealmaking experience in the healthcare
industry. She is currently a Venture Partner at Wellington
Partners and is an independent investor and advisor in early-stage
biotechs. Margarita also currently serves on the Board of Newron
Pharmaceuticals (NWRN:SIX). Margarita was previously Managing
Director at AbbVie Ventures and was responsible for investments in
Morphic Therapeutics, Alector Therapeutics, Carisma
Therapeutics, Jnana Therapeutics, Enthera Pharmaceutials, Palleon
Pharmaceuticals, and Accent Therapeutics, among others. As a
Director on the Licensing & Acquisitions team of Abbott /
AbbVie, Margarita was involved in the in-licensing of Oralissa, and
the acquisitions of Immuven and Solvay. Early in her career,
Margarita practiced as a corporate and securities lawyer, advising
clients on mergers, acquisitions, public and private financings at
Brobeck, Phleger & Harrison LLP in Silicon Valley. Outside of
her venture work, Margarita serves on the Board of Regents at Santa
Clara University and on the Board of P33 Chicago.
“I look forward to collaborating with the Board to guide the
team at Aligos to continue delivering for shareholders and patients
in need,” stated Margarita Chavez, J.D. “Aligos’ dedication to
science in order to bring the best drug candidates forward is a
mission that I look forward to supporting.”
About Aligos
Aligos Therapeutics, Inc. is a clinical stage biopharmaceutical
company that was founded in 2018 with the mission to become a world
leader in the treatment of liver and viral diseases. Aligos’
strategy is to harness the deep expertise and decades of drug
development experience its team has in liver and viral diseases to
discover and develop potentially best-in-class therapeutics for
metabolic dysfunction-associated steatohepatitis (MASH) and viruses
with high unmet medical need such as hepatitis B and
coronaviruses.
For more information, please visit www.aligos.com or follow us
on LinkedIn or X.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Any statements in this press release that are not historical
facts may be considered “forward-looking statements,” including
without limitation, statements regarding Aligos’ financial results
and performance as well as research and development activities,
including regulatory status and the timing of announcements and
updates relating to our regulatory filings and clinical trials.
Such forward looking statements are subject to substantial risks
and uncertainties that could cause our development programs, future
results, performance, or achievements to differ materially from
those anticipated in the forward-looking statements. Such risks and
uncertainties include, without limitation, risks and uncertainties
inherent in the drug development process, including Aligos’
clinical stage of development, the process of designing and
conducting clinical trials, the regulatory approval processes, and
other matters that could affect the sufficiency of Aligos’ capital
resources to fund operations. For a further description of the
risks and uncertainties that could cause actual results to differ
from those anticipated in these forward-looking statements, as well
as risks relating to the business of Aligos in general, see Aligos’
Quarterly Report on Form 10-Q filed with the Securities and
Exchange Commission on August 6, 2024 and its future periodic
reports to be filed or submitted with the Securities and Exchange
Commission. Except as required by law, Aligos undertakes no
obligation to update any forward-looking statements to reflect new
information, events or circumstances, or to reflect the occurrence
of unanticipated events.
Aligos
Therapeutics
Contact Jordyn TaraziVice President, Investor
Relations & Corporate Communications+1 (650)
910-0427jtarazi@aligos.com
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