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Spruce Biosciences Appoints Will Charlton, M.D., M.A.S., as Chief Medical Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Spruce Biosciences, Inc. (NASDAQ: SPRB) has appointed Dr. Will Charlton as Chief Medical Officer following the departure of Dr. Rosh Dias. Dr. Charlton, with over 15 years in clinical research and experience in rare disease drug development, will lead Spruce's clinical strategies, particularly focusing on tildacerfont, aimed at treating classic congenital adrenal hyperplasia and polycystic ovary syndrome.
CEO Javier Szwarcberg expressed confidence in Dr. Charlton's expertise, anticipating significant advancements in therapies for rare endocrine disorders, which have seen no new treatments in nearly 50 years.
Positive
Appointment of Dr. Will Charlton enhances leadership with extensive rare disease development experience.
Tildacerfont is advancing toward potential approval as a first non-steroidal therapy for classic congenital adrenal hyperplasia.
Negative
Departure of Dr. Rosh Dias may introduce concerns regarding continuity in leadership.
SAN FRANCISCO--(BUSINESS WIRE)--
Spruce Biosciences, Inc. (Nasdaq: SPRB), a late-stage biopharmaceutical company focused on developing and commercializing novel therapies for rare endocrine disorders with significant unmet medical need, today announced that Will Charlton, M.D., M.A.S., has been appointed Chief Medical Officer, and will succeed Rosh Dias, M.D., who has stepped down to pursue other opportunities. Dr. Charlton is a board-certified pediatric endocrinologist with over 15 years of clinical research experience in industry and academia and will lead the company’s clinical development and global drug development strategy.
“We are pleased to welcome Will as our Chief Medical Officer, and we look forward to his leadership and guidance as we continue to advance our pipeline of treatments for patients with rare endocrine disorders,” said Javier Szwarcberg, M.D., M.P.H., Chief Executive Officer of Spruce Biosciences. “With his extensive background in late-stage rare disease drug development, paired with his experience as a board-certified endocrinologist, we are confident that Will’s expertise will be a strong asset to Spruce as we progress tildacerfont through clinical development for adults and children with classic congenital adrenal hyperplasia and women with polycystic ovary syndrome.”
Dr. Will Charlton is an accomplished physician-scientist with nearly two decades of experience as a clinician and industry executive building successful programs across clinical development, medical affairs and drug safety. He joins Spruce from 89bio, Inc., where he served as Vice President, Clinical Development. Prior to 89bio, he was Senior Medical Director, Clinical Development at Ascendis Pharma. Prior to Ascendis, Dr. Charlton served as Executive Medical Director, Clinical Development, Liver Therapeutic Area at Allergan. Prior to his career in industry, Dr. Charlton spent over a decade in clinical practice as a board-certified pediatric endocrinologist. Dr. Charlton earned a medical degree from the University of Southern California. He completed his pediatric residency at Children’s Hospital Los Angeles and his fellowship in Pediatric Endocrinology at the University of California, San Francisco.
"It is a privilege to be joining Spruce at such an important time in the company’s growth,” said Will Charlton, M.D., M.A.S., Chief Medical Officer of Spruce Biosciences. “Throughout my career as an endocrinologist and scientist, I have seen first-hand the unmet medical need and challenges that patients with rare endocrine disorders face. With tildacerfont advancing through global clinical development for multiple endocrine disorders, including adult and pediatric classic congenital adrenal hyperplasia, Spruce is poised to improve the lives of people who have not benefited from a new treatment option in approximately 50 years. As we enter our next phase of growth, I look forward to guiding Spruce’s progress in the clinic and delivering value to patients and stakeholders.”
About Spruce Biosciences
Spruce Biosciences is a late-stage biopharmaceutical company focused on developing and commercializing novel therapies for rare endocrine disorders with significant unmet medical need. Spruce is initially developing its wholly-owned product candidate, tildacerfont, as the potential first non-steroidal therapy for patients suffering from classic congenital adrenal hyperplasia (CAH). Classic CAH is a serious and life-threatening disease with no known novel therapies approved in approximately 50 years. Spruce is also developing tildacerfont for women suffering from a rare form of polycystic ovary syndrome (PCOS) with primary adrenal androgen excess. To learn more, visit www.sprucebiosciences.com and follow us on Twitter @Spruce_Bio, LinkedIn, Facebook and YouTube.
Forward-Looking Statements
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding, among other things, the impact of new management hires and promotions, the fulfillment of Spruce’s strategic business objectives, and the advancement of Spruce’s drug development pipeline. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “will”, “potential” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Spruce’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, risks and uncertainties associated with Spruce’s business in general, the impact of the COVID-19 pandemic, and the other risks described in Spruce’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. Spruce undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.
Who is the new Chief Medical Officer at Spruce Biosciences?
Dr. Will Charlton has been appointed as the new Chief Medical Officer at Spruce Biosciences.
What is the significance of Dr. Charlton's appointment for Spruce Biosciences?
Dr. Charlton's appointment is significant due to his extensive experience in clinical research and rare disease drug development, which is crucial for advancing their treatments.
What drug is Spruce Biosciences focusing on under Dr. Charlton's leadership?
Under Dr. Charlton's leadership, Spruce Biosciences is focusing on tildacerfont, aimed at treating classic congenital adrenal hyperplasia.
What challenges is Spruce Biosciences aiming to address with tildacerfont?
Tildacerfont aims to address the significant unmet medical needs associated with classic congenital adrenal hyperplasia and polycystic ovary syndrome.
How long has it been since a new therapy was approved for classic congenital adrenal hyperplasia?
It has been approximately 50 years since a new therapy was approved for classic congenital adrenal hyperplasia.
