IO Biotech Announces Appointment of Devin Smith as General Counsel
IO Biotech has appointed Devin Smith as its first General Counsel and Chief Compliance Officer, bringing over 25 years of legal experience in the life sciences sector. Smith's role will involve overseeing legal activities and corporate governance, contributing to the company’s growth and pipeline advancements.
Smith previously held senior legal positions at Yumanity Therapeutics and Minerva Neurosciences, where he played key roles in significant transactions, including a $155 million deal. His expertise is expected to enhance IO Biotech’s operations as it develops immune-modulating cancer vaccines, including the IO102-IO103 candidate.
- Appointment of Devin Smith as General Counsel expected to strengthen legal and compliance framework.
- Smith's extensive experience in life sciences may facilitate strategic partnerships and operational growth.
- Transition to new leadership could pose risks related to continuity and potential experience gaps.
Mr. Smith joins IO Biotech bringing over two decades of legal and compliance experience in the life science industries
NEW YORK, Jan. 23, 2023 (GLOBE NEWSWIRE) -- IO Biotech (Nasdaq: IOBT), a clinical-stage biopharmaceutical company developing novel, immune-modulating cancer vaccines based on its T-win® vaccine platform, today announced the appointment of Devin Smith as the company’s first General Counsel and Chief Compliance Officer. Mr. Smith will oversee all company legal activities and provide strategic guidance and corporate governance.
“We are excited to welcome Devin as a member of our executive team,” said Mai-Britt Zocca, Ph.D., President and Chief Executive Officer of IO Biotech. “With over two decades of legal experience in the industry, his knowledge and insight will be invaluable throughout IO Biotech. He will play a critical role in our operations as we continue to grow as a company, build partnerships and advance our pipeline through the clinic.”
Mr. Smith added, “IO Biotech is at an incredibly exciting point in their journey. I’m thrilled to join the IO Biotech team and I look forward to not only help support the company execute its strategic plan, but also contributing to IO Biotech’s continued growth and its commitment to disrupting the way cancer is treated.”
Mr. Smith has more than 25 years of legal and compliance experience serving clients in the life science industries. Mr. Smith joins IO Biotech from Yumanity Therapeutics, Inc., a publicly traded biotechnology company, where he served as Senior Vice President and General Counsel. At Yumanity, he helped lead the sale of the company’s neuroscience assets to Johnson & Johnson and a reverse merger with a privately held oncology immunotherapy company. Prior to Yumanity, Mr. Smith served as Senior Vice President and General Counsel of Minerva Neurosciences, Inc., where he was responsible for all legal, governance and compliance matters, and led the sale of potential royalties to Royalty Pharma for upfront and potential milestone payments of
About IO Biotech
IO Biotech is a clinical-stage biopharmaceutical company developing novel, immune-modulating cancer therapies based on its T-win® vaccine platform. The T-win® platform is a novel approach to cancer vaccines designed to activate T cells to target the most important immunosuppressive cells in the tumor microenvironment. IO Biotech is advancing in clinical studies its lead cancer vaccine candidate, IO102-IO103, targeting IDO and PD-L1, and through preclinical development its other pipeline candidates. IO Biotech is headquartered in Copenhagen, Denmark and US headquarters in New York, New York.
For further information, please visit www.iobiotech.com.
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, including regarding future clinical trials and results, are based on IO Biotech’s current assumptions and expectations of future events and trends, which affect or may affect its business, strategy, operations or financial performance, and actual results and other events may differ materially from those expressed or implied in such statements due to numerous risks and uncertainties. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements speak only as of the date hereof and should not be unduly relied upon. Except to the extent required by law, IO Biotech undertakes no obligation to update these statements, whether as a result of any new information, future developments or otherwise.
Company Contact:
Amy Sullivan
Chief Financial Officer
IO Biotech, Inc.
asu@iobiotech.com
Investor Contact:
Corey Davis, Ph.D.
LifeSci Advisors
212-915-2577
cdavis@lifesciadvisors.com
Media Contact:
Raena Mina, Ph.D.
LifeSci Communications
646-606-1438
rmina@lifescicomms.com
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