Beam Therapeutics Appoints Healthcare Industry Leader John Maraganore, Ph.D., to its Board of Directors
Beam Therapeutics (Nasdaq: BEAM) announced that John Maraganore, former CEO of Alnylam Pharmaceuticals, has joined its board of directors. His experience in building successful biotech companies and drug development programs is expected to enhance Beam's strategic direction. This move comes as Beam prepares to advance its first base editing technology into clinical trials for sickle cell disease. The company has recently received clearance for its Investigational New Drug application for BEAM-101, marking a significant milestone for its transition into a clinical-stage organization.
- John Maraganore's appointment is expected to strengthen the board with his extensive biotech experience.
- Recent clearance of Investigational New Drug application for BEAM-101 positions Beam for clinical development.
- None.
CAMBRIDGE, Mass., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Beam Therapeutics Inc. (Nasdaq: BEAM), a biotechnology company developing precision genetic medicines through base editing, today announced that John Maraganore, Ph.D., founding chief executive officer and director of Alnylam Pharmaceuticals, has joined the company’s board of directors.
“John is a pioneer and leader in the biopharma community and has been responsible for building some of the most successful biotech companies and patient-centric drug development programs of our time. He brings tremendous experience leading companies from drug discovery stages through commercialization, and we are thrilled to welcome him to the Beam board of directors,” said John Evans, chief executive officer of Beam Therapeutics. “2021 has been a significant year for Beam, including the recent clearance of our Investigational New Drug application for BEAM-101, enabling our transition to a clinical-stage organization. Along with the rest of the board, I look forward to partnering with John as we continue building the leading company in the field of precision genetic medicines.”
“Beam has positioned itself as a true innovator in the field of gene editing, which has the potential to change both the treatment approach and the course of disease for patients with a wide range of severe genetically-driven diseases,” said Dr. Maraganore. “The company is at an important inflection point as it prepares to advance the first-ever base editor into clinical development for people with sickle cell disease. I look forward to contributing to these efforts and working with the great team at Beam as they pursue their goal of bringing important new gene editing medicines to patients.”
Dr. Maraganore has served as the founding CEO and a director of Alnylam since 2002, where he has built and led the company from early platform research on RNA interference through global approval and commercialization of the first three RNAi medicines including ONPATTRO®, GIVLAARI®, and OXLUMO®. Prior to Alnylam, Dr. Maraganore served as an officer and a member of the management team for Millennium Pharmaceuticals, Inc., most recently as senior vice president, strategic product development where he was responsible for the company’s product franchises in oncology, and cardiovascular, inflammatory, and metabolic diseases. Before Millennium, he served as director of molecular biology and director of market and business development at Biogen, Inc. At Biogen, Dr. Maraganore invented and led the discovery and development of ANGIOMAX® (bivalirudin) for injection, formerly HIRULOG™ and currently marketed by The Medicines Company. Prior to Biogen, Dr. Maraganore was a scientist at ZymoGenetics, Inc., and the Upjohn Company. Dr. Maraganore received his M.S. and Ph.D. in biochemistry and molecular biology at the University of Chicago. He is a member of the board of Agios Pharmaceuticals and Biotechnology Innovation Organization (BIO), where he was Chair from 2017-2019.
About Beam Therapeutics
Beam Therapeutics (Nasdaq: BEAM) is a biotechnology company committed to establishing the leading, fully integrated platform for precision genetic medicines. To achieve this vision, Beam has assembled a platform that includes a suite of gene editing and delivery technologies and is in the process of building internal manufacturing capabilities. Beam’s suite of gene editing technologies is anchored by base editing, a proprietary technology that enables precise, predictable and efficient single base changes, at targeted genomic sequences, without making double-stranded breaks in the DNA. This enables a wide range of potential therapeutic editing strategies that Beam is using to advance a diversified portfolio of base editing programs. Beam is a values-driven organization committed to its people, cutting-edge science, and a vision of providing life-long cures to patients suffering from serious diseases.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned not to place undue reliance on these forward-looking statements, including, but not limited to, statements related to: the commencement of clinical trials for BEAM-101; and the therapeutic applications and potential of our technology, including our ability to develop life-long, curative, precision genetic medicines for patients through base editing. Each forward-looking statement is subject to important risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statement, including, without limitation, risks and uncertainties related to: our ability to develop, obtain regulatory approval for, and commercialize our product candidates, which may take longer or cost more than planned; our ability to raise additional funding, which may not be available; our ability to obtain, maintain and enforce patent and other intellectual property protection for our product candidates; the potential impact of the COVID-19 pandemic; that preclinical testing of our product candidates and preliminary or interim data from preclinical studies and clinical trials may not be predictive of the results or success of ongoing or later clinical trials; that enrollment of our clinical trials may take longer than expected; that our product candidates may experience manufacturing or supply interruptions or failures; risks related to competitive products; and the other risks and uncertainties identified under the headings “Risk Factors Summary” and “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, and in any subsequent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable law.
Contacts:
Investors:
Chelcie Lister
THRUST Strategic Communications
chelcie@thrustsc.com
Media:
Dan Budwick
1AB
dan@1abmedia.com
FAQ
Who is John Maraganore and what is his role at Beam Therapeutics?
What is the significance of the Investigational New Drug application for BEAM-101?
How does John Maraganore's background benefit Beam Therapeutics?
What are Beam Therapeutics' goals with base editing technology?
