OncoSec Appoints Kellie Malloy Foerter as Chief Operating Officer

Rhea-AI Summary

OncoSec Medical Incorporated (NASDAQ:ONCS) announced the promotion of Kellie Malloy Foerter to Chief Operating Officer, effective immediately. Formerly the Chief Clinical Development Officer, Foerter will now oversee finance, engineering, and HR, while maintaining her leadership in clinical operations, particularly the KEYNOTE-695 study for TAVO™ in metastatic melanoma. With nearly 30 years in clinical research, Foerter's expertise is expected to drive operational success and value for shareholders during a crucial growth period.

Positive

• Kellie Malloy Foerter's elevation to COO brings expanded leadership over finance and HR, enhancing operational oversight.
• Her proven track record in clinical development may positively impact the advancement and enrollment of pivotal trials.

Negative

• None.

PENNINGTON, N.J. and SAN DIEGO, July 27, 2020 /PRNewswire/ -- OncoSec Medical Incorporated (NASDAQ:ONCS) (the "Company" or "OncoSec"), a company developing late-stage intratumoral DNA–based cancer immunotherapies, today announced that Kellie Malloy Foerter, previously Chief Clinical Development Officer, has been appointed Chief Operating Officer, effective immediately.  With this promotion, Kellie's leadership responsiblities will expand to now include  the Company's finance, engineering and HR functions, while continuing her leadership of OncoSec's clinical operations, including its two ongoing KEYNOTE clinical trials with lead product candidate, TAVO™ (interleukin 12 or "IL-12" plasmid).

Ms. Malloy Foerter joined OncoSec in October 2018 and has been responsible for building and leading all aspects of the Company's clinical development programs, including the ongoing pivotal KEYNOTE-695 study in patients with checkpoint refractory metastatic melanoma.

"Kellie is the perfect operational leader for OncoSec at this pivotal time in our growth," said Daniel J. O'Connor, President and CEO at OncoSec.  "She is a results-driven leader with a deep understanding of every aspect of our business and a has proven track record of accomplishment and success.  As we move into the second half of 2020, Kellie's leadership will be instrumental in completing enrollment in the KEYNOTE-695 study and reporting an interim data update this fall, as well as driving operational success and increasing shareholder value.  We congratulate Kellie on her new role and look forward to her expanded operational guidance and leadership."

Prior to joining OncoSec, Kellie was a senior executive at Syneos Health, one of the largest contract research organizations in the world, where she led a large multi-therapeutic business unit.  In that role, she was responsible for all aspects of operational delivery and P&L management for the business unit.  Her experiences extend well beyond her role as OncoSec's Chief Clinical Development Officer, particularly with respect to people management and budgeting.  Most importantly, the systems and processes that she has put in place have enabled the pivotal KEYNOTE-695 study to advance enrollment despite the coronavirus pandemic. 

With nearly three decades of experience in clinical research, Ms. Malloy Foerter has been responsible for the development and growth of multiple portfolios across therapeutic areas, which included a strong focus on oncology and hematology trials, for the world's leading biopharmaceutical companies.  She has risen through the ranks during her tenure at Syneos Health, having spent more than 21 years at the company which was formerly inVentiv Health and PharmaNet.   Prior to her two decades at Syneos Health, Ms. Malloy-Foerter began her career at Covance where she honed her understanding of global clinical research over 7 years.

About OncoSec Medical Incorporated

OncoSec Medical Incorporated is a late-stage biotechnology company focused on developing cytokine-based intratumoral immunotherapies to stimulate the body's immune system to target and attack cancer.  OncoSec's lead product candidate, TAVO™, enables the intratumoral delivery of DNA-based interleukin-12 or IL-12, a naturally occurring protein with immune-stimulating functions.  The technology, which employs electroporation, is designed to produce a controlled, localized expression of IL-12 in the tumor microenvironment, enabling the immune system to target and attack tumors throughout the body.  OncoSec has built a deep clinical pipeline utilizing TAVO as a potential treatment for multiple cancer indications either as a monotherapy or in combination with leading checkpoint inhibitors.  The company is currently evaluating TAVO in combination with the anti-PD-1 checkpoint inhibitor, KEYTRUDA® (pembrolizumab), in two KEYNOTE clinical trials, including a pivotal trial in patients with anti-PD-1 checkpoint resistant metastatic melanoma and a phase 2 trial in metastatic triple negative breast cancer.  OncoSec is also identifying and developing new DNA-encoded therapeutic candidates and tumor indications for use with its novel Visceral Lesion Applicator designed to target deep internal lesions, such as liver, lung or pancreatic lesions.  For more information, please visit www.oncosec.com.  

TAVO™ is a trademark of OncoSec Medical Incorporated.

KEYTRUDA^® is a registered trademark of Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc.

Risk Factors and Forward-Looking Statements
This release, as well as other information provided from time to time by the Company or its employees, may contain forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Forward-looking statements provide the Company's current beliefs, expectations and intentions regarding future events and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "should," "will" and "would" and similar expressions (including the negative of these terms).  Although we believe that expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company intends these forward-looking statements to speak only at the time they are published on or as otherwise specified, and does not undertake to update or revise these statements as more information becomes available, except as required under federal securities laws and the rules and regulations of the Securities Exchange Commission ("SEC"). In particular, you should be aware that the success and timing of our clinical trials, including safety and efficacy of our product candidates, patient accrual, unexpected or expected safety events, the impact of COVID-19 on the supply of our candidates or the initiation or completion of clinical trials, the allowance by FDA of the clinical use of CORVax12 and  investigational low voltage generators in this or any future clinical trials, and the usability of data generated from our trials may differ and may not meet our estimated timelines. Please refer to the risk factors and other cautionary statements provided in the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2019 and subsequent periodic and current reports filed with the SEC (each of which can be found at the SEC's website www.sec.gov), as well as other factors described from time to time in the Company's filings with the SEC.

Corproate Contact:

Kellie Malloy Foerter
Chief Operating Officer
609-977-4193
kmalloy@oncosec.com
www.oncosec.com

 

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SOURCE OncoSec Medical Incorporated

FAQ

What recent leadership change occurred at OncoSec Medical?

OncoSec Medical appointed Kellie Malloy Foerter as Chief Operating Officer, effective immediately.

What are Kellie Malloy Foerter's responsibilities as COO of OncoSec?

She will manage finance, engineering, HR, and continue overseeing clinical operations.

How might Kellie Malloy Foerter's appointment affect OncoSec's clinical trials?

Her leadership is expected to drive the successful enrollment and reporting of data for ongoing clinical trials, including KEYNOTE-695.

When was Kellie Malloy Foerter appointed COO at OncoSec?

She was appointed Chief Operating Officer on July 27, 2020.

What is the significance of the KEYNOTE-695 study for OncoSec?

The KEYNOTE-695 study is pivotal for OncoSec's lead product candidate, TAVO™, targeting metastatic melanoma.