Syros Pharmaceuticals Announces Appointment of Jason Haas as Chief Financial Officer

Rhea-AI Summary

Syros Pharmaceuticals (NASDAQ:SYRS) has appointed Jason Haas as Chief Financial Officer, bringing over 25 years of healthcare investment banking experience. CEO Nancy Simonian emphasized Haas's financial, strategic, and leadership expertise, crucial as the company transitions to a commercial-stage entity. Haas previously held senior roles at Barclays, Deutsche Bank, and Goldman Sachs. He expressed excitement about joining Syros during a pivotal time with multiple clinical programs aimed at setting new care standards. The company is focused on delivering innovative gene-controlled therapies.

Positive

• Appointment of Jason Haas as CFO with over 25 years of experience in healthcare investment banking.
• Haas's track record in strategic advisory roles could enhance financial strategy.
• Company's transition towards becoming a commercial-stage entity may lead to increased revenue potential.

Negative

• No negative aspects identified.

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Syros Pharmaceuticals (NASDAQ:SYRS), a leader in the development of medicines that control the expression of genes, today announced the appointment of Jason Haas as Chief Financial Officer. Mr. Haas brings more than 25 years of healthcare investment banking and corporate finance experience to Syros.

“We are pleased to welcome Jason to Syros, who brings an exceptional depth of financial, strategic, and leadership experience in the life sciences space,” said Nancy Simonian, M.D., Chief Executive Officer of Syros. “Jason has a proven track record as a strategic advisor to biotechnology and pharmaceutical companies across all stages of development. He joins Syros at a pivotal time, as we advance towards becoming a commercial-stage company, with a growing portfolio in targeted hematology and selective CDK inhibition.”

Mr. Haas most recently served as Co-Head of Americas, Healthcare Investment Banking at Barclays, where he executed an array of strategic transactions across the public and private markets, and supported companies through equity and debt financings, mergers and acquisitions, divestitures, and spin-offs. Prior to joining Barclays in 2016, he served as Head of Americas, Healthcare Investment Banking at Deutsche Bank. Prior to his role at Deutsche Bank, he was a Managing Director on the Healthcare Investment Banking team at Goldman Sachs & Co, where he covered life sciences companies. Mr. Haas holds an M.B.A in Finance from Columbia Business School and a B.A in International Relations and Economics from Colgate University.

“I am excited to join Syros at such an exciting time in the company’s trajectory, with multiple programs progressing through clinical development, each with the potential to set a new standard of care for patients,” said Mr. Haas. “I look forward to working with the team in support of building a fully integrated biopharmaceutical company that brings medicines to the market for patients, where there is a significant unmet need, and to drive long-term value for shareholders.”

About Syros Pharmaceuticals
Syros is redefining the power of small molecules to control the expression of genes. Based on its unique ability to elucidate regulatory regions of the genome, Syros aims to develop medicines that provide a profound benefit for patients with diseases that have eluded other genomics-based approaches. Syros is advancing a robust clinical-stage pipeline, including: tamibarotene, a first-in-class oral selective RARα agonist in RARA-positive patients with higher-risk myelodysplastic syndrome and acute myeloid leukemia; SY-2101, a novel oral form of arsenic trioxide in patients with acute promyelocytic leukemia; and SY-5609, a highly selective and potent oral CDK7 inhibitor in patients with select solid tumors and blood cancers. Syros also has multiple preclinical and discovery programs in oncology and monogenic diseases.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including without limitation statements regarding Syros’s ability to advance towards becoming a commercial-stage company and the potential of Syros’s programs to set new standards of care. The words ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ “hope,” ‘‘intend,’’ ‘‘may,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘target,’’ ‘‘should,’’ ‘‘would,’’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various important factors, including Syros’ ability to: advance the development of its programs under the timelines it projects in current and future clinical trials; demonstrate in any current and future clinical trials the requisite safety, efficacy and combinability of its drug candidates; replicate scientific and non-clinical data in clinical trials; successfully develop a companion diagnostic test to identify patients with the RARA biomarker; obtain and maintain patent protection for its drug candidates and the freedom to operate under third party intellectual property; obtain and maintain necessary regulatory approvals; identify, enter into and maintain collaboration agreements with third parties, including its ability to perform under its collaboration agreements with Incyte Corporation and Global Blood Therapeutics; manage competition; manage expenses; raise the substantial additional capital needed to achieve its business objectives; attract and retain qualified personnel; and successfully execute on its business strategies; risks described under the caption “Risk Factors” in Syros’ Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, each of which is on file with the Securities and Exchange Commission; and risks described in other filings that Syros makes with the Securities and Exchange Commission in the future. In addition, the extent to which the COVID-19 outbreak continues to impact our workforce and our discovery research, supply chain and clinical trial operations activities, and the operations of the third parties on which we rely, will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration and severity of the outbreak, additional or modified government actions, and the actions that may be required to contain the virus or treat its impact. Any forward-looking statements contained in this press release speak only as of the date hereof, and Syros expressly disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211012005031/en/

Media

Courtney Solberg

Syros Pharmaceuticals

917-698-9253

csolberg@syros.com

Investors

Hannah Deresiewicz

Stern Investor Relations, Inc.

212-362-1200

hannah.deresiewicz@sternir.com

Source: Syros Pharmaceuticals

FAQ

Who is the new CFO of Syros Pharmaceuticals (SYRS)?

Jason Haas has been appointed as the new CFO of Syros Pharmaceuticals.

What experience does Jason Haas have in the healthcare sector?

Jason Haas brings over 25 years of experience in healthcare investment banking, having held senior positions at Barclays, Deutsche Bank, and Goldman Sachs.

What does the appointment of Jason Haas mean for Syros Pharmaceuticals?

Haas's appointment may strengthen Syros's financial strategy as the company shifts towards becoming a commercial-stage entity.

What is the current focus of Syros Pharmaceuticals?

Syros is advancing multiple clinical programs aimed at redefining care standards in gene-controlled therapies.