Beyond Cancer, Ltd. Appoints Susan Howell Jones, CPA as Chief Financial Officer

Rhea-AI Summary

Beyond Cancer, an affiliate of Beyond Air (NASDAQ: XAIR), has appointed Susan Howell Jones as Chief Financial Officer. Jones brings over 30 years of financial experience, including significant roles in the bioscience sector. She was pivotal in a $4B acquisition at BASF and significantly increased revenues at Summit Agro USA. The company is poised to begin its first-in-human trial for its innovative ultra-high concentration nitric oxide (UNO) therapy targeting solid tumors. This strategic appointment is expected to enhance the company’s financial leadership during a critical growth phase.

Positive

• Susan Howell Jones brings over 30 years of financial experience, enhancing leadership stability.
• Jones' previous success in increasing revenue by over 1,000% at Summit Agro may contribute positively to Beyond Cancer's growth.
• The company is preparing to begin its first-in-human clinical trial, a significant step in the drug development process.

Negative

• None.

Ms. Jones brings over 30 years of life science based financial experience to Beyond Cancer

HAMILTON, Bermuda, May 17, 2022 (GLOBE NEWSWIRE) -- Beyond Cancer, Ltd., an affiliate of Beyond Air, Inc. (NASDAQ: XAIR) that is focused on developing ultra-high concentration nitric oxide (UNO) for the treatment of solid tumors, today announced the appointment of Susan Howell Jones, CPA as Chief Financial Officer.

Ms. Jones joins Beyond Cancer™ with over 30 years of international and operational financial leadership experience, including 20 years within the bioscience sector of BASF, a globally recognized chemical company. In her role as Senior Manager of Operational Accounting she was a key member of the implementation team responsible for the $4B acquisition of American Cyanamid. Following her tenure at BASF, Ms. Jones joined Summit Agro USA, LLC, a start-up and subsidiary of Sumitomo Corp., as Chief Financial Officer. During her 6-year tenure at Summit, she helped the company progress from R&D phase to commercial stage with aggressive revenue growth of over 1,000%. Most recently she served as Interim Chief Financial Officer at dPIX, LLC, a semiconductor producer for medical and aerospace industries. She began her career in the public accounting sector working with Deloitte and Touche, LLC.

“I am excited to join Beyond Cancer, Ltd at the development and discovery phase of its innovative therapy for the treatment of primary tumors and prevention of metastatic disease. I look forward to being an integral part of this talented team and building a robust foundation to support the continued research that will bring this therapy to patients,” remarked Ms. Jones.  

“I would like to welcome Susan to the Company on behalf of the Board of Directors and the entire Beyond Cancer team,” commented Selena Chaisson, Chief Executive Officer of Beyond Cancer. “She joins us at a pivotal moment as we prepare to begin our first-in-human trial and expand the scope of the preclinical work recently presented at the American Association of Cancer Research (AACR).”

About Nitric Oxide (NO)

Nitric Oxide (NO) is a powerful molecule, naturally synthesized in the human body, proven to play a critical role in a broad array of biological functions. Currently, exogenous inhaled NO is used in adult respiratory distress syndrome, post certain cardiac surgeries, and persistent pulmonary hypertension of the newborn to treat hypoxemia. Additionally, NO is believed to play a key role in the innate and adaptive immune system response and in vitro studies suggest that NO possesses broad-spectrum antimicrobial activity and anticancer properties.

About Beyond Cancer, Ltd.

Beyond Cancer, Ltd., an affiliate of Beyond Air, Inc., is a development-stage biopharmaceutical and medical device company utilizing ultra-high concentration nitric oxide (UNO) via a proprietary delivery platform to treat primary tumors and prevent metastatic disease. Nitric oxide at ultra-high concentrations has been reported to show anticancer properties and to potentially serve as a chemosensitizer and radiotherapy enhancer. The Company is currently conducting preclinical studies of UNO in multiple solid tumors to inform treatment protocols. Based on its current findings, Beyond Cancer is expected to begin a first-in-human clinical trial in unresectable solid primary or metastatic tumors this year. For more information, visit www.beyondcancer.com.

About UNO Therapy for Solid Tumors

Cancer is the second leading cause of death globally, with tumor metastases responsible for approximately 90% of all cancer-related deaths. Current cancer treatment modalities generally include chemotherapy, immunotherapy, radiation, and/or surgery. Ultra-high concentration Nitric Oxide (UNO) therapy is a completely new approach to preventing relapse or metastatic disease. In vitro murine data show that local tumor ablation with UNO stimulates an antitumor immune response in solid tumor cancer models. UNO has the potential to prevent relapse or metastatic disease with as little as a single 5-minute treatment and with limited toxicity or off-target effects.

About Beyond Air

Beyond Air, Inc. (NASDAQ: XAIR) is a clinical-stage medical device and biopharmaceutical company developing a revolutionary NO Generator and Delivery System, LungFit^®, that uses NO generated from ambient air to deliver precise amounts of NO to the lungs for the potential treatment of a variety of pulmonary diseases. The LungFit^® can generate up to 400 ppm of NO, for delivery either continuously or for a fixed amount of time and has the ability to either titrate dose on demand or maintain a constant dose. The company is currently applying its therapeutic expertise to develop treatments for pulmonary hypertension in various settings, in addition to treatments for respiratory tract infections that are not effectively addressed with current standards of care. Beyond Air is currently advancing its revolutionary LungFit^® for clinical trials for the treatment of severe lung infections such as acute viral pneumonia (including COVID-19) and nontuberculous mycobacteria (NTM). Additionally, Beyond Air, through its affiliate Beyond Cancer, Ltd., is using ultra-high concentrations of NO with a proprietary delivery system to target certain solid tumors. For more information, visit www.beyondair.net.

Forward Looking Statements

Certain statements herein concerning the Company’s future expectations, plans and prospects, including without limitation, the Company’s current expectations regarding its business strategy, product candidates, and clinical development process and timing, constitute forward-looking statements. The use of words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “future,” “potential,” or “continue,” the negative of these and other similar expressions are intended to identify such forward looking statements. Such statements, based as they are on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond the Company’s control. Consequently, actual future results may differ materially from the anticipated results expressed in such statements. In the case of forward-looking statements regarding investigational product candidates and continuing further development efforts, specific risks which could cause actual results to differ materially from the Company’s current expectations include: scientific, regulatory and technical developments; failure to demonstrate safety, tolerability and efficacy; final and quality controlled verification of data and the related analyses; expense and uncertainty of obtaining regulatory approval, including from the U.S. Food and Drug Administration; and the Company’s reliance on third parties, including licensors and clinical research organizations. Do not place undue reliance on any forward-looking statements included herein, which speak only as of the date hereof and which the Company is under no obligation to update or revise as a result of any event, circumstances or otherwise, unless required by applicable law.

CONTACTS:

Matt Johnson, Head of Corporate Development & Strategy
Beyond Cancer, Ltd
mjohnson@beyondcancer.com

Corey Davis, Ph.D.
LifeSci Advisors, LLC
Cdavis@lifesciadvisors.com
(212) 915-2577

 

FAQ

Who has been appointed as the Chief Financial Officer of Beyond Cancer?

Susan Howell Jones has been appointed as the Chief Financial Officer of Beyond Cancer.

What experience does Susan Howell Jones bring to Beyond Cancer?

Susan Howell Jones brings over 30 years of financial experience, including significant roles in the bioscience sector.

What is the focus of Beyond Cancer's therapy?

Beyond Cancer is focused on developing ultra-high concentration nitric oxide (UNO) for the treatment of solid tumors.

What important clinical milestone is Beyond Cancer preparing for?

Beyond Cancer is preparing to begin its first-in-human clinical trial for its UNO therapy.