Fusion Pharmaceuticals Appoints Barbara Duncan as Chairperson of the Board of Directors

Rhea-AI Summary

Fusion Pharmaceuticals (Nasdaq: FUSN) has appointed Barbara Duncan as the new chairperson of its board of directors, succeeding Damian Lamb. Duncan brings over 25 years of biopharmaceutical experience, notably as the former CFO of Intercept Pharmaceuticals. CEO John Valliant emphasized that her extensive industry knowledge and leadership would help enhance Fusion's standing in the radiopharmaceutical sector, particularly as the company advances its Targeted Alpha Therapies platform and grows its pipeline. Duncan also holds positions on several other biopharmaceutical boards.

Positive

• Barbara Duncan's extensive biopharmaceutical experience may enhance governance and strategic development.
• Her appointment is expected to provide crucial operational guidance as Fusion positions itself as a leader in radiopharmaceuticals.

Negative

• Transitioning leadership may create temporary disruptions in governance or strategic initiatives.

HAMILTON, ON and BOSTON, Nov. 2, 2020 /PRNewswire/ -- Fusion Pharmaceuticals Inc. (Nasdaq: FUSN), a clinical-stage oncology company focused on developing next-generation radiopharmaceuticals as precision medicines, today announced the appointment of Barbara Duncan, former chief financial officer of Intercept Pharmaceuticals, Inc. and member of several boards of directors within the biotechnology industry, as chairperson of the Fusion Board of Directors. Ms. Duncan brings to the board more than 25 years' experience in the biopharmaceutical industry. She replaces Damian Lamb as Fusion's chairperson.

"Barbara's breadth and depth of industry, director and financial knowledge will be invaluable to Fusion as we solidify our position as a leader in the radiopharmaceutical space and utilize our Targeted Alpha Therapies (TAT) platform to grow our pipeline," said Chief Executive Officer John Valliant. "Additionally, her leadership experience and strategic approach to business development and corporate governance will provide important organizational and operational guidance." 

Dr. Valliant continued, "We thank Damian for his years of service on the Board. Over his tenure, his direction and strategic guidance have been instrumental to us as we developed our platform and transitioned from a newly established biotech to a publicly traded company."

Ms. Duncan most recently served as the chief financial officer of Intercept Pharmaceuticals Inc., a biopharmaceutical company, from 2009 to June 2016. Prior to Intercept, Ms. Duncan served as chief financial officer of DOV Pharmaceutical, Inc., another biopharmaceutical company, from 2001 to 2006 and as its chief executive officer and a member of its board of directors from 2007 to 2009.

Ms. Duncan currently serves on the boards of directors and various committees of Adaptimmune Therapeutics, plc, Atea Pharmaceuticals, Inc., Jounce Therapeutics, Inc., ObsEva SA and Ovid Therapeutics, Inc., all publicly traded biopharmaceutical companies. Ms. Duncan holds an M.B.A. from the Wharton School of Business and a B.S. from Louisiana State University.

About Fusion
Fusion Pharmaceuticals is a clinical-stage oncology company focused on developing next-generation radiopharmaceuticals as precision medicines. Employing a proprietary Fast-Clear linker technology, Fusion connects alpha particle emitting isotopes to antibodies and other targeting molecules in order to selectively deliver the alpha emitting payloads to tumors. Fusion's lead program, FPI-1434, is currently in a Phase 1 clinical trial.

 

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SOURCE Fusion Pharmaceuticals Inc.

FAQ

Who is the new chairperson of Fusion Pharmaceuticals?

Barbara Duncan has been appointed as the new chairperson of Fusion Pharmaceuticals.

What experience does Barbara Duncan bring to Fusion Pharmaceuticals?

Barbara Duncan has over 25 years of experience in the biopharmaceutical industry, including serving as CFO at Intercept Pharmaceuticals.

What does the appointment of Barbara Duncan mean for Fusion Pharmaceuticals?

Duncan's appointment is expected to strengthen Fusion's governance and strategic initiatives in the radiopharmaceutical space.

When was Barbara Duncan appointed as chairperson of Fusion Pharmaceuticals?

Barbara Duncan was appointed on November 2, 2020.

Who did Barbara Duncan replace as chairperson at Fusion Pharmaceuticals?

Barbara Duncan replaced Damian Lamb as the chairperson of Fusion Pharmaceuticals.