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Certara Appoints Eran Broshy as New Independent Board Member

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Certara, a leader in biosimulation, has appointed Eran Broshy to its Board of Directors, effective July 11, 2022, expanding the board to ten members. Broshy brings over 35 years of experience in healthcare, previously serving as CEO and chairman of inVentiv Health, now part of Syneos Health. His expertise in high-growth healthcare businesses is expected to enhance Certara's strategic direction in drug development. Certara's biosimulation software is used by over 2,000 clients globally, aiming to improve patient outcomes.

Positive
  • Appointment of Eran Broshy is expected to enhance board expertise.
  • Broshy has a successful track record in high-growth healthcare companies.
Negative
  • Transition of leadership may pose continuity risks.

PRINCETON, N.J., July 13, 2022 (GLOBE NEWSWIRE) -- Certara, Inc. (Nasdaq: CERT), a global leader in biosimulation, today announced the appointment of Eran Broshy to its Board of Directors, effective July 11, 2022. His appointment brings the company’s board of directors to ten members.

“Eran has a proven track record taking high-growth healthcare businesses to the next level and delivering superior results,” said William Feehery, Ph.D., CEO of Certara. “Certara is excited to have someone of his caliber and experience join the board. I look forward to Eran’s contribution in guiding us as we grow our impact by informing critical decisions in drug development with biosimulation, technology and analytics.”

Mr. Broshy is an accomplished veteran board director and private equity operating executive with more than 35 years of experience working broadly across healthcare. Mr. Broshy also served for over a decade as chief executive officer and chairman of inVentiv Health (now part of Syneos Health), and under his leadership the company transformed into the leading global provider of clinical and commercialization services. Earlier in his career, he spent 15 years at The Boston Consulting Group (BCG), where he was a managing director and partner responsible for the firm’s healthcare practice across the Americas. Mr. Broshy currently serves on the boards of Theravance Biopharma (Nasdaq: TBPH), a respiratory-focused biotech company, and Thirty Madison, a digital healthcare company. He is also a member of the Corporation of the Massachusetts Institute of Technology.

“I am pleased to join the board of a dynamic organization that is transforming the drug development process and improving patient outcomes with its unique technologies and expert team,” said Mr. Broshy. “I am looking forward to making a valuable contribution to Certara and helping it achieve its mission of accelerating medicines to patients.”

About Certara
Certara accelerates medicines using proprietary biosimulation software, technology and services to transform traditional drug discovery and development. Its clients include more than 2,000 biopharmaceutical companies, academic institutions, and regulatory agencies across 62 countries.

Certara Contact
Jieun W. Choe
jieun.choe@certara.com

Investor Relations Contact
David Deuchler
ir@certara.com

Media Contact:
Ariane Lovell
Finn Partners
ariane.lovell@finnpartners.com


FAQ

What is the significance of Eran Broshy's appointment to Certara's board?

Eran Broshy's appointment is significant as he brings extensive experience in high-growth healthcare businesses, which may guide Certara's strategy in drug development.

When was Eran Broshy appointed to Certara's Board of Directors?

Eran Broshy was appointed to Certara's Board of Directors effective July 11, 2022.

What previous positions has Eran Broshy held?

Eran Broshy served as CEO and chairman of inVentiv Health and was a managing director at The Boston Consulting Group.

How many members are on Certara's Board of Directors now?

With the appointment of Eran Broshy, Certara's Board of Directors now consists of ten members.

What are Certara's primary services?

Certara accelerates medicines using proprietary biosimulation software, serving over 2,000 clients in drug discovery and development.

Certara, Inc.

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