Rocket Pharmaceuticals Appoints Jessie Yeung as Vice President of Investor Relations and Corporate Finance

Rhea-AI Summary

Rocket Pharmaceuticals (NASDAQ: RCKT) has appointed Jessie Yeung as Vice President of Investor Relations and Corporate Finance. With over 15 years of experience, including a previous role at Legend Biotech (NASDAQ: LEGN), Yeung will lead investor relations and capital market strategies. CEO Gaurav Shah emphasized Yeung's expertise will enhance communication with investors as the company approaches significant milestones in gene therapy clinical programs.

Positive

• Appointment of Jessie Yeung could enhance investor relations and corporate strategy.
• Yeung's experience at Legend Biotech includes raising over $1 billion, potentially benefiting RCKT's capital strategy.

Negative

• Concerns about continuity in investor relations due to management change.

CRANBURY, N.J.--(BUSINESS WIRE)-- Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT), a clinical-stage company advancing an integrated and sustainable pipeline of genetic therapies for rare childhood disorders, today announces the appointment of Jessie Yeung as Vice President of Investor Relations and Corporate Finance. Ms. Yeung brings more than 15 years of investor relations, corporate finance and capital market experience across industries including the biopharmaceutical and financial sectors. She will be responsible for leading the investor relations function and capital markets strategy.

“I’m thrilled to welcome Jessie to Rocket as we continue to advance our world-class pipeline of gene therapy clinical programs and move toward multiple key milestones as a Company, including our first top-line readouts this year,” said Gaurav Shah, Chief Executive Officer of Rocket Pharma. “Jessie’s breadth of relationships and experience with the investor community and wealth of finance expertise will be invaluable for our investors, existing and new, as we continue our growth trajectory. Jessie’s leadership will be instrumental in communicating Rocket’s unique approach to gene therapy and progress in our relentless pursuit of innovative gene therapy cures for rare and devastating diseases.”

Prior to joining Rocket, Ms. Yeung was the Head of Corporate Finance and Investor Relations at Legend Biotech. There, she developed the company’s comprehensive investor relations strategy leading to exceptional investor relationships, while also helping raise over $1 billion through private placements and public offerings as well as launching the largest biotech IPO of 2020. Prior to Legend Biotech, she covered the large-cap biotechnology sector as an equity research analyst at Bank of America Merrill Lynch, as well as the pharmaceuticals sector at Wells Fargo and consumer retail sector while at J.P. Morgan. During her tenure in equity research, Ms. Yeung developed an extensive network of investors. Earlier in her career, Ms. Yeung was with J.P. Morgan for over 10 years, where she held corporate finance roles including financial planning and analysis, product and valuation control, business development and risk management.

“It’s a tremendous honor to join the passionate and talented team at Rocket, given its unique and exciting pipeline of multi-platform clinical programs and leadership in the fast-growing field of gene therapy,” said Ms. Yeung. “I’m excited to continue to engage with the investment community to tell Rocket’s story and create long-term value for shareholders.”

Ms. Yeung earned her bachelor’s degree in Business Administration from Carnegie Mellon University and MBA from Columbia Business School.

About Rocket Pharmaceuticals, Inc.

Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) is advancing an integrated and sustainable pipeline of genetic therapies that correct the root cause of complex and rare childhood disorders. The Company’s platform-agnostic approach enables it to design the best therapy for each indication, creating potentially transformative options for patients afflicted with rare genetic diseases. Rocket's clinical programs using lentiviral vector (LVV)-based gene therapy are for the treatment of Fanconi Anemia (FA), a difficult to treat genetic disease that leads to bone marrow failure and potentially cancer, Leukocyte Adhesion Deficiency-I (LAD-I), a severe pediatric genetic disorder that causes recurrent and life-threatening infections which are frequently fatal, and Pyruvate Kinase Deficiency (PKD), a rare, monogenic red blood cell disorder resulting in increased red cell destruction and mild to life-threatening anemia. Rocket’s first clinical program using adeno-associated virus (AAV)-based gene therapy is for Danon Disease, a devastating, pediatric heart failure condition. For more information about Rocket, please visit www.rocketpharma.com.

Rocket Cautionary Statement Regarding Forward-Looking Statements

Various statements in this release concerning Rocket’s future expectations, plans and prospects, including without limitation, Rocket’s expectations regarding its guidance for 2022 in light of COVID-19, the safety and effectiveness of product candidates that Rocket is developing to treat Fanconi Anemia (FA), Leukocyte Adhesion Deficiency-I (LAD-I), Pyruvate Kinase Deficiency (PKD), and Danon Disease, the expected timing and data readouts of Rocket’s ongoing and planned clinical trials, Rocket’s plans for the advancement of its Danon Disease program following the lifting of the FDA’s clinical hold and the safety, effectiveness and timing of related pre-clinical studies and clinical trials, may constitute forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these forward-looking statements, which often include words such as "believe," "expect," "anticipate," "intend," "plan," "will give," "estimate," "seek," "will," "may," "suggest" or similar terms, variations of such terms or the negative of those terms. Although Rocket believes that the expectations reflected in the forward-looking statements are reasonable, Rocket cannot guarantee such outcomes. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including, without limitation, Rocket’s ability to monitor the impact of COVID-19 on its business operations and take steps to ensure the safety of patients, families and employees, the interest from patients and families for participation in each of Rocket’s ongoing trials, our expectations regarding the delays and impact of COVID-19 on clinical sites, patient enrollment, trial timelines and data readouts, our expectations regarding our drug supply for our ongoing and anticipated trials, actions of regulatory agencies, which may affect the initiation, timing and progress of pre-clinical studies and clinical trials of its product candidates, Rocket’s dependence on third parties for development, manufacture, marketing, sales and distribution of product candidates, the outcome of litigation, and unexpected expenditures, as well as those risks more fully discussed in the section entitled "Risk Factors" in Rocket’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed November 5, 2021 with the SEC. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and Rocket undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220308005474/en/

Media

Kevin Giordano

Director, Corporate Communications

kgiordano@rocketpharma.com

Investors

Jessie Yeung, M.B.A.

Vice President, Investor Relations and Corporate Finance

investors@rocketpharma.com

Mayur Kasetty, M.D., M.B.A.

Director, Business Development & Operations

investors@rocketpharma.com

Source: Rocket Pharmaceuticals, Inc.

FAQ

What is the appointment of Jessie Yeung at Rocket Pharmaceuticals?

Jessie Yeung has been appointed as Vice President of Investor Relations and Corporate Finance.

What experience does Jessie Yeung bring to Rocket Pharmaceuticals?

Yeung has over 15 years of experience in investor relations and corporate finance, previously at Legend Biotech.

How might Jessie Yeung's appointment impact Rocket Pharmaceuticals?

Her vast experience and relationships in the investor community may strengthen Rocket's investor engagement and capital strategies.

What key milestones is Rocket Pharmaceuticals approaching?

Rocket is moving towards multiple key milestones in its gene therapy clinical programs.