DAMONA Pharmaceuticals Appoints John Reilly as Chief Executive Officer

Rhea-AI Summary

DAMONA Pharmaceuticals appoints John Reilly as CEO and member of the Board of Directors, bringing two decades of leadership experience in biotechnology companies. Reilly's expertise in corporate strategy, business development, and R&D will be crucial in advancing DAMONA's lead asset towards clinical trials.

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• John Reilly brings two decades of leadership experience in biotechnology companies and a vast network of investor and partner relationships, which will be essential in advancing DAMONA's lead asset towards clinical trials.

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TORONTO, June 13, 2023 /PRNewswire/ -- DAMONA Pharmaceuticals, a preclinical biopharmaceutical company focused on the discovery and development of first-in-class small molecules for the treatment and prevention of cognitive symptoms associated with brain disorders and aging, today announced the appointment of John Reilly as the company's Chief Executive Officer and member of the Board of Directors.

Mr. Reilly brings two decades of leadership experience building and creating value for biotechnology companies, with deep knowledge and expertise in corporate strategy, business development, and leading teams in preclinical R&D and clinical development of innovative therapies.

"We feel very fortunate to have attracted John into the role of CEO for Damona. He brings a wealth of biotechnology company-building experience and a vast network of North American investor and partner relationships, which will be essential in bringing our lead asset toward IND and clinical human proof-of-concept trials," said Etienne Sibille, Ph.D., Co-Founder and Chief Scientific Officer of DAMONA.

"I'm ecstatic to have John join the DAMONA team as CEO. John brings a great background to DAMONA with a proven track record of building and managing high-performance preclinical and clinical biopharmaceutical teams that deliver results," said Jacki Jenuth, Partner and Chief Operating Officer of Lumira Ventures.

Prior to joining DAMONA, Mr. Reilly co-founded and served as President and CEO of Apic Bio, a gene therapy company developing first-in-class treatments for rare neurological and liver diseases. At Apic, he secured multiple funding rounds, oversaw development programs, and orchestrated a global licensing agreement with uniQure for the company's lead program to treat superoxide dismutase 1 (SOD1), a rare, genetic form of ALS. Previously, Mr. Reilly held a number of senior management positions at various biopharmaceutical companies, including Vice President of Business Development at Tetragenetics, which was acquired by Abcellera (Nasdaq: ABCL). Prior to Tetragenetics, he co-founded and served as CEO of Gendyne Therapeutics. Mr. Reilly holds a B.A. from Hamilton College and M.S. and M.B.A. degrees from Cornell University.

"I am very excited to join DAMONA as CEO and look forward to working with the board, management, and scientific team to continue the company's impressive progress as we advance the preclinical pipeline and lead program for the treatment of cognitive symptoms associated with depression and diseases of aging into a Phase 1 clinical study," said John Reilly, CEO of DAMONA Pharmaceuticals.

About DAMONA Pharmaceuticals
DAMONA is a privately held preclinical biopharmaceutical company developing small molecule therapeutics that transform the treatment of cognitive deficits and restore normal brain functions for underserved and understudied mental health conditions and for aging populations. DAMONA was founded by Etienne Sibille, Ph.D., and the Centre for Addiction and Mental Health (CAMH). In 2022, DAMONA closed a seed financing round co-led by Lumira Ventures and the Noetic Fund. For more information, please visit: www.damonapharma.com.

Contact:
Mary Moynihan
M2Friend Biocommunications
+1 (802) 951-9600
mary@m2friend.com

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SOURCE DAMONA Pharmaceuticals

FAQ

Who is the new CEO of DAMONA Pharmaceuticals?

The new CEO of DAMONA Pharmaceuticals is John Reilly.

What is John Reilly's background?

John Reilly has a proven track record of building and managing high-performance preclinical and clinical biopharmaceutical teams.

What is DAMONA Pharmaceuticals focused on?

DAMONA Pharmaceuticals is focused on the discovery and development of small molecules for the treatment and prevention of cognitive symptoms associated with brain disorders and aging.

What is the significance of John Reilly's appointment?

John Reilly's appointment brings valuable leadership experience and expertise in corporate strategy and business development to DAMONA Pharmaceuticals.