FibroGen Welcomes David DeLucia as CFO to Steer Financial Strategy

FibroGen Appoints David DeLucia as Chief Financial Officer

FibroGen, Inc. (NASDAQ: FGEN) has made a significant leadership change by naming David DeLucia as its new Chief Financial Officer (CFO). This strategic move is part of the company's ongoing efforts to enhance its financial operations and strengthen its market position.

A Bright Future Ahead with New Leadership

David DeLucia's appointment comes during a pivotal time for FibroGen. With extensive experience in the life sciences sector, DeLucia is expected to make strong contributions to the company’s financial direction. Previously, he held the role of Vice President, overseeing Corporate Financial Planning and Analysis, Treasury, and Investor Relations. His deep understanding of FibroGen's operational landscape positions him well to drive the organization forward.

CEO Endorsement Highlights DeLucia's Qualifications

Thane Wettig, FibroGen's Chief Executive Officer, expressed his confidence in DeLucia’s capabilities. Wettig stated, "I have worked closely with David for two and a half years and can vouch for his depth of experience and expertise. His insights and strategic thinking will serve as key assets as we advance our promising therapies, including FG-3246 and FG-3180."

DeLucia's Vision During Transformational Phase

DeLucia expressed enthusiasm about stepping into the CFO role at this important juncture in FibroGen’s journey. He noted, "Our transformation into a more streamlined organization equips us for an exciting future. I am eager to lead the financial strategies that will contribute to our mission of developing innovative cancer therapies."

A Track Record of Financial Leadership

With almost 15 years in financial leadership roles, DeLucia brings a wealth of experience to his new position. His previous experience includes key roles at TherapeuticsMD, where his responsibilities spanned Financial Planning and Analysis and Corporate Development. Prior to that, he worked as a buy-side investor at JP Morgan Asset Management, specializing in small and mid-cap healthcare companies.

Educational Background Enhances Expertise

DeLucia is well-equipped for his leadership role, holding a Chartered Financial Analyst® designation and dual degrees in Finance & Accounting and Economics from the University of Michigan - Stephen M. Ross School of Business. This strong educational foundation complements his extensive professional experience.

About FibroGen

FibroGen, Inc. is a biopharmaceutical company dedicated to advancing novel therapies in cancer biology. The company’s key product, Roxadustat, is already approved in multiple markets for treating anemia in chronic kidney disease patients. Additionally, FibroGen is actively developing FG-3246, an innovative antibody-drug conjugate aimed at tackling metastatic castration-resistant prostate cancer, along with its companion diagnostic, FG-3180.

Continuing Commitment to Innovation

The firm remains focused on delivering cutting-edge therapies while also enhancing its research and development portfolio, which includes various candidates for treating solid tumors. FibroGen is committed to making strides in both product development and clinical application, contributing significantly to cancer treatment innovations.

Frequently Asked Questions

Who is the newly appointed Chief Financial Officer of FibroGen?

David DeLucia has been appointed as the Chief Financial Officer at FibroGen.

What is the main goal of FibroGen?

FibroGen focuses on developing novel therapies, particularly in cancer biology, to improve patient outcomes.

What significant product is FibroGen currently developing?

FibroGen's significant products include Roxadustat for anemia and FG-3246 for metastatic castration-resistant prostate cancer.

What qualifications does David DeLucia have?

David DeLucia is a Chartered Financial Analyst® and holds dual degrees in Finance & Accounting and Economics.

How does FibroGen plan to position itself in the market?

With new leadership and a strong focus on innovation, FibroGen aims to enhance its financial strategy and product development pathway.

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