Tharimmune Appoints Global Business Executive David H. Clarke as Key Strategic Advisor

Rhea-AI Summary

Tharimmune, Inc. (Nasdaq: THAR), a clinical-stage biotechnology company focused on inflammation and immunology, has appointed David H. Clarke as a Strategic Advisor to its executive management team. Clarke brings extensive experience in corporate governance, financial planning, and leadership across multiple industries, including biotechnology. His appointment is expected to provide strategic guidance as Tharimmune advances TH104 for treating pruritus in patients with primary biliary cholangitis and expands its pipeline.

Clarke's background includes serving as Chairman and CEO of United Pacific Industries and Jacuzzi Brands, as well as Vice Chairman and CEO of Hanson's U.S. division. His expertise in public company operations and leadership is anticipated to strengthen Tharimmune's organization and support its mission to deliver innovative treatments for unmet medical needs.

Positive

• Appointment of David H. Clarke as Strategic Advisor, bringing extensive corporate and biotechnology industry experience
• Clarke's expertise expected to provide strategic guidance for advancing TH104 and pipeline expansion
• Strengthened leadership team with addition of experienced executive in public company operations

Negative

• None.

BRIDGEWATER, NJ / ACCESSWIRE / July 17, 2024 / Tharimmune, Inc. (Nasdaq:THAR) ("Tharimmune" or the "Company"), a clinical-stage biotechnology company developing a portfolio of therapeutic candidates in inflammation and immunology, announces the appointment of David H. Clarke as a Strategic Advisor to the Company's executive management team.

"Tharimmune is pleased to have David join in an advisory capacity," stated Randy Milby, CEO of Tharimmune. "We believe his wide-ranging accomplishments and business insight will meaningfully strengthen our organization. In particular, we expect that his understanding of publicly traded company operations coupled with his leadership skills will provide strategic guidance as we advance TH104 for the treatment of pruritus in patients with primary biliary cholangitis and expand our pipeline."

Mr. Clarke brings to Tharimmune extensive valuable experience, including leading and serving on the Boards of Directors of several international and U.S.-based organizations. His comprehensive understanding of corporate governance, financial and strategic planning, and leading and investing in multiple industries, including biotechnology, enhances Tharimmune's commitment to deliver innovative treatments to patients with unmet medical needs.

"I look forward to supporting the Tharimmune team and contributing to their progress in treating a critical need within liver disease," said Mr. Clarke. "Tharimmune's innovative approach, growth prospects and commitment to advancing treatments for underserved conditions aligns with my interests and expertise, and I look forward to helping them achieve their goals."

Mr. Clarke has held executive leadership roles for over three decades. He served as Chairman and CEO of the Hong Kong-based and -listed international conglomerate United Pacific Industries, where his tenure was marked by significant growth and innovation. Prior to that he served as Chairman and CEO of NYSE-listed Jacuzzi Brands, where he managed the company through its spinoff from Hanson Industries and subsequent public listing. Previously he was with London-based Hanson PLC for 23 years, ultimately serving as Vice Chairman and as CEO of Hanson's U.S. division. Currently Mr. Clarke oversees various business interests through his family holding company and is an active investor in private and public biotechnology companies.

About Tharimmune

Tharimmune, Inc. is a clinical-stage biotechnology company developing a portfolio of therapeutic candidates for inflammation and immunology. The Company's lead clinical-stage asset, TH104 is known to suppress chronic, debilitating pruritus or "uncontrollable itching" in PBC, a rare and orphan liver disease with no known cure. The Company's early-stage immunology pipeline includes novel multi-specific antibodies targeting unique epitopes with novel mechanisms of action against well-known, validated targets in multiple solid tumors, including PD-1, HER2 and HER3. Tharimmune has a license agreement with OmniAb, Inc. to access the company's antibody discovery technology platform against these and other specified targets. For more information please visit: www.tharimmune.com.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, contained in this press release, including statements regarding the timing and design of Tharimmune's future Phase 2 trial, Tharimmune's strategy, future operations, future financial position, projected costs, prospects, plans and objectives of management, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "depends," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "target," "should," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company may not actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements. Factors that may cause such differences, include, but are not limited to, those discussed under Risk Factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2023 and other periodic reports filed by the Company from time to time with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this release. Subsequent events and developments may cause the Company's views to change; however, the Company does not undertake and specifically disclaims any obligation to update or revise any forward-looking statements to reflect new information, future events or circumstances or to reflect the occurrences of unanticipated events, except as may be required by applicable law. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.

Contacts:

Tharimmune, Inc.
ir@tharimmune.com

LHA Investor Relations
Tirth T. Patel
tpatel@lhai.com
212-201-6614

SOURCE: Tharimmune, Inc.

View the original press release on accesswire.com

FAQ

Who is David H. Clarke and what role will he have at Tharimmune (THAR)?

David H. Clarke has been appointed as a Strategic Advisor to Tharimmune's (THAR) executive management team. He brings extensive experience in corporate governance, financial planning, and leadership across multiple industries, including biotechnology.

What is Tharimmune's (THAR) main focus in drug development?

Tharimmune (THAR) is developing TH104 for the treatment of pruritus in patients with primary biliary cholangitis. The company focuses on developing therapeutic candidates in inflammation and immunology.

What is David H. Clarke's background and how might it benefit Tharimmune (THAR)?

David H. Clarke has held executive roles for over three decades, including Chairman and CEO positions at United Pacific Industries and Jacuzzi Brands. His experience in public company operations and leadership is expected to provide strategic guidance for Tharimmune's (THAR) drug development and pipeline expansion.

How does Tharimmune (THAR) expect David H. Clarke to contribute to the company?

Tharimmune (THAR) expects David H. Clarke to provide strategic guidance, particularly in public company operations and leadership. His expertise is anticipated to strengthen the organization and support the advancement of TH104 and pipeline expansion.