CohBar Appoints Carol Nast to Its Board of Directors

Rhea-AI Summary

CohBar, Inc. (NASDAQ: CWBR) announced the appointment of Carol Nast as an independent director on its Board, effective August 11, 2021. With extensive experience in executive roles within the medical industry, Nast brings valuable commercial and operational expertise. Her appointment coincides with the positive topline data release from the CB4211 clinical study, focusing on mitochondria-based therapeutics. CohBar is advancing in its research with a diverse pipeline addressing chronic diseases, including its lead compound CB4211 for NASH and obesity.

Positive

• Carol Nast's appointment as an independent director introduces substantial commercial and operational expertise.
• Positive topline data from the CB4211 clinical study could enhance investor confidence and attract interest.

Negative

• Concerns may arise regarding management continuity and experience gaps despite the addition of a new board member.

MENLO PARK, Calif., Aug. 16, 2021 (GLOBE NEWSWIRE) -- CohBar, Inc. (NASDAQ: CWBR), a clinical stage biotechnology company developing mitochondria based therapeutics to treat chronic diseases and extend healthy lifespan, today announced the appointment of Carol Nast as an independent director on the company’s Board, effective August 11, 2021. Ms. Nast has spent her career in executive level positions with both large multinational companies and early-stage companies in the medical industry.

"We are pleased to welcome Carol during this exciting time in CohBar’s development," said David Greenwood, Chairman of CohBar. "She brings substantial commercial and operational expertise that will benefit the company as we make further progress in developing our novel platform of mitochondria based therapeutics. Carol’s insights will be important contributions towards ensuring CohBar’s continued success."

“CohBar is undertaking pioneering work for the treatment of unmet medical needs through its diverse pipeline of novel therapeutics,” stated Carol Nast. “This is a particularly exciting time to join the Board following the positive topline data from the CB4211 clinical study. I look forward to supporting the company’s numerous opportunities to leverage its platform to develop new therapeutic products as CohBar’s pipeline continues to advance.”

Most recently, Ms. Nast served as Chief Operating Officer at MindMed, a biotech company developing psychedelic-inspired therapies. She is a recognized expert in product development and commercialization and has extensive experience in the management of complex, multinational partner programs and has played a critical role in the development and commercialization of over 100 products.

Previously, Ms. Nast was COO at NuGen, a genomics company, and served in executive level positions at Inhale Therapeutics (Nektar), Syva (a division of Syntex Pharmaceuticals,) BioRad and Pfizer.

About CohBar

CohBar (NASDAQ: CWBR) is a clinical stage biotechnology company focused on the research and development of mitochondria based therapeutics, an emerging class of drugs for the treatment of chronic and age-related diseases. Mitochondria based therapeutics originate from the discovery by CohBar’s founders of a novel group of naturally occurring peptide sequences within the mitochondrial genome, some of which have been shown to have the potential to regulate key processes in multiple systems and organs in the body. To date, the company has discovered more than 100 mitochondrial derived peptides and generated over 1,000 analogs. CohBar’s efforts focus on the development of these peptides into therapeutics that offer the potential to address a broad range of diseases associated with the underlying impact of mitochondrial dysfunction. The company’s lead compound, CB4211, recently completed a Phase 1a/1b clinical trial for nonalcoholic steatohepatitis (NASH) and obesity. In addition, CohBar has four preclinical programs with the most advanced being CB5138-3 for idiopathic pulmonary fibrosis (IPF) and other fibrotic diseases, which is currently in IND-enabling studies. The preclinical programs also include the CB5064 Analogs for acute respiratory distress syndrome (ARDS) including COVID-19 associated ARDS, CB5046 Analogs for CXCR4-related cancer and orphan diseases, and MBT3 Analogs for cancer immunotherapy.

For additional company information, please visit www.cohbar.com.

Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions. Examples of such forward-looking statements include but are not limited to statements regarding timing and anticipated outcomes of research and clinical trials for our mitochondria based therapeutic (MBT) candidates; expectations regarding the growth of MBTs as a significant future class of drug products; and statements regarding anticipated therapeutic properties and potential of our mitochondrial peptide analogs, MBTs and other potential therapies. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include: our ability to successfully advance drug discovery and development programs, including the delay or termination of ongoing clinical trials and the timing of announcements and updates relating to our clinical trials and related data; our possible inability to mitigate the prevalence and/or persistence of the injection site reactions, receipt of unfavorable feedback from regulators regarding the safety or tolerability of CB4211 or the possibility of other developments affecting the viability of CB4211 or CB5138-3 as a clinical candidate or its commercial potential; results that are different from earlier data results including less favorable results that may not support further clinical development; our ability to raise additional capital when necessary to continue our operations; our ability to recruit and retain key management and scientific personnel; the risk that our intellectual property may not be adequately protected; our ability to establish and maintain partnerships with corporate and industry partners; and risks related to the impact on our business of the COVID-19 pandemic or similar public health crises. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the Securities and Exchange Commission and applicable Canadian securities regulators, which are available on our website, and at www.sec.gov or www.sedar.com. You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. The forward-looking statements and other information contained in this news release are made as of the date hereof and CohBar does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Nothing herein shall constitute an offer to sell or the solicitation of an offer to buy any securities.

Contacts:
Jordyn Tarazi
Director of Investor Relations
CohBar, Inc.
(650) 445-4441
Jordyn.tarazi@cohbar.com

FAQ

What is the significance of Carol Nast's appointment to CohBar's Board?

Carol Nast's appointment to CohBar's Board brings extensive experience and expertise, which is expected to support the company's growth and therapeutic developments.

How will the positive topline data from the CB4211 study impact CohBar?

The positive topline data from the CB4211 study may improve CohBar's market position and attract further investment as the company advances its therapeutics.

What are CohBar's main therapeutic focuses following the recent press release?

CohBar is focused on developing mitochondria-based therapeutics for chronic diseases, including its lead program CB4211 targeting NASH and obesity.

When did Carol Nast join CohBar's Board?

Carol Nast joined CohBar's Board as an independent director on August 11, 2021.

What potential challenges might arise from the management change at CohBar?

Challenges may include continuity concerns and potential experience gaps within the leadership team, despite the new appointment.