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MEI Pharma Appoints Biotechnology Executive Sujay Kango to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
MEI Pharma (Nasdaq: MEIP) announced the appointment of Sujay Kango to its board of directors, effective November 22, 2021. Kango brings over 25 years of experience in the pharmaceutical industry, notably in commercial operations and product launches. His expertise is expected to aid MEI as it transitions to a commercial-stage company. Additionally, Kevan Clemens, Ph.D., has resigned from the board after several years of service. MEI Pharma focuses on developing innovative cancer therapies and currently has clinical trials underway for its product candidates.
Positive
Appointment of Sujay Kango enhances board with extensive industry experience.
Kango's background in commercialization is timely as the company aims for a commercial transition.
Negative
Kevan Clemens' resignation may raise concerns about continuity on the board.
SAN DIEGO--(BUSINESS WIRE)--
MEI Pharma, Inc. (Nasdaq: MEIP), a late-stage pharmaceutical company focused on advancing new therapies for cancer, today announced the appointment of Mr. Sujay Kango to its board of directors effective November 22, 2021.
"We are very happy to welcome Sujay, an industry leader with considerable commercialization and operational experience, to the MEI board as the company continues to exercise its vision to bring new therapies for cancer to patients,” said Christine A. White, M.D., chairman of the board, MEI Pharma. “As MEI prepares to transition to a commercial stage company, and grow its clinical pipeline, we greatly look forward to benefiting from the more than 25 years of industry insights and experience Sujay brings to the company.”
“As MEI builds its capabilities to become a commercial stage company, I am eager to join the board of directors at this important juncture to support the transformation,” said Sujay Kango. “I look forward to contributing to the growth of MEI, and its success as the company executes on its mission to deliver new therapies to patients with cancer.”
Mr. Sujay Kango is an experienced executive with more than 25 years of experience in the pharmaceutical and biotechnology industries. He has held senior management positions where he has been instrumental in building commercial infrastructures and teams, whileleading multiple global product launches. He joined Acceleron Pharma in 2018, where he most recently served as the executive vice president and chief commercial officer and was responsible for establishing the company’s North America commercial presence for luspatercept. Mr. Kango has additionally led multiple global product launches across several therapeutic areas including oncology-hematology, rare diseases, immunology, and virology. Previously Mr. Kango was vice president of global commercial development for oncology at AbbVie, prior to which he served as the executive vice president and chief commercial officer at Infinity Pharmaceuticals. Mr. Kango also served as vice president, global marketing, and sales operations at Onyx Pharmaceuticals, an Amgen subsidiary. Prior to Onyx, he held several leadership positions including vice president sales and marketing-oncology at Merck & Co., global commercial leader-Procrit®/Eprex® at Ortho-Biotech, and various sales and marketing positions at Schering-Plough. Mr. Kango earned a B.S. in Microbiology and an M.B.A. from McNeese State University.
The Company also announced that after many years of service and dedication, Kevan Clemens, Ph.D., has resigned from the company’s board of directors and the compensation committee of the board of directors, effective November 22, 2021. Dr. Clemens served as a member of the company’s board of directors since December 2014.
"We greatly appreciate and value the numerous contributions Kevan has made to MEI during his years of service on the board of directors," said Dr. White. "His industry and commercialization expertise have been invaluable to the growth and maturation of MEI and the development of its pipeline of drug candidates.”
About MEI Pharma
MEI Pharma, Inc. (Nasdaq: MEIP) is a late-stage pharmaceutical company focused on developing potential new therapies for cancer. MEI Pharma's portfolio of drug candidates contains multiple clinical-stage assets, including zandelisib, currently in ongoing clinical trials which may support marketing approvals with the U.S. Food and Drug Administration and other regulatory authorities globally. Each of MEI Pharma's pipeline candidates leverages a different mechanism of action with the objective of developing therapeutic options that are: (1) differentiated, (2) address unmet medical needs and (3) deliver improved benefit to patients either as standalone treatments or in combination with other therapeutic options. For more information, please visit www.meipharma.com. Follow us on Twitter @MEI_Pharma and on LinkedIn.
Forward-Looking Statements
Under U.S. law, a new drug cannot be marketed until it has been investigated in clinical studies and approved by the FDA as being safe and effective for the intended use. Statements included in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You should be aware that our actual results could differ materially from those contained in the forward-looking statements, which are based on management's current expectations and are subject to a number of risks and uncertainties, including, but not limited to, our failure to successfully commercialize our product candidates; costs and delays in the development and or FDA approval, or the failure to obtain such approval, of our product candidates; uncertainties or differences in interpretation in clinical trial results; the impact of the COVID-19 pandemic on our industry and individual companies, including on our counterparties, the supply chain, the execution of our clinical development programs, our access to financing and the allocation of government resources; our inability to maintain or enter into, and the risks resulting from our dependence upon, collaboration or contractual arrangements necessary for the development, manufacture, commercialization, marketing, sales and distribution of any products; competitive factors; our inability to protect our patents or proprietary rights and obtain necessary rights to third party patents and intellectual property to operate our business; our inability to operate our business without infringing the patents and proprietary rights of others; general economic conditions; the failure of any products to gain market acceptance; our inability to obtain any additional required financing; technological changes; government regulation; changes in industry practice; and one-time events. We do not intend to update any of these factors or to publicly announce the results of any revisions to these forward-looking statements.
Sujay Kango is the newly appointed board member of MEI Pharma, bringing over 25 years of experience in the pharmaceutical and biotechnology industries.
What is the significance of Kango's appointment for MEI Pharma?
Kango's appointment is significant as it adds substantial commercialization experience to the board, supporting MEI's transition to a commercial-stage company.
When did Kevan Clemens resign from MEI Pharma's board?
Kevan Clemens resigned from MEI Pharma's board effective November 22, 2021.
How does MEI Pharma plan to grow its clinical pipeline?
MEI Pharma aims to expand its clinical pipeline through strategic leadership changes, focusing on developing and commercializing new cancer therapies.
What products are currently in MEI Pharma's pipeline?
MEI Pharma's pipeline includes multiple clinical-stage assets, notably zandelisib, which is undergoing trials for potential FDA approval.
