Kalaris Therapeutics Welcomes Leone Patterson to Board Leadership

Kalaris Therapeutics Enhances Board of Directors

PALO ALTO, Calif. — Kalaris Therapeutics, Inc. (Nasdaq: KLRS), a pioneering biopharmaceutical company, has made an exciting announcement regarding its leadership team. The company has appointed Leone Patterson to its Board of Directors and designated her as Chair of the Audit Committee. This strategic move is seen as a pivotal step in strengthening the governance and operational oversight of Kalaris as it navigates the complexities of developing treatments for retinal diseases.

Welcoming a Proven Leader

David Hallal, Chairman of the Board of Directors at Kalaris, expressed enthusiasm over Patterson's appointment. He remarked, “We’re thrilled to welcome Leone as Chair of the Board’s Audit Committee. Her extensive experience as a senior financial executive in the biotech sector, coupled with her strong strategic and operational expertise, makes her an invaluable addition. We eagerly await her contributions as we continue to propel Kalaris forward.”

An Inspiring Vision for Retinal Disease Treatments

Patterson shared her excitement about joining the Kalaris team, stating, “I am thrilled to join Kalaris Therapeutics’ Board of Directors. The company’s lead asset and its adept management team represent a significant opportunity to redefine treatment approaches for retinal diseases.” Her passion for innovation and improvement in medical science aligns perfectly with Kalaris' mission.

Patterson's Impressive Background

Bringing a wealth of experience, Patterson currently holds the title of Executive Vice President, Chief Business Officer, and Chief Financial Officer at Zymeworks. In this capacity, she oversees corporate finance, accounting, business development, and various operational functions. Her previous roles include Chief Financial and Business Officer at Tenaya Therapeutics, where she was instrumental in guiding corporate finance, investor relations, and strategy. Additionally, she has held senior positions at notable companies including Adverum Biotechnologies, Diadexus, and Novartis, building a profound understanding of the biotech landscape.

About Kalaris Therapeutics

Kalaris Therapeutics specializes in the advancement of therapies for retinal diseases, focusing on its lead product candidate, TH103. This investigational therapy is distinguished by its innovative approach as a differentiated anti-VEGF treatment. Developed by Dr. Napoleone Ferrara, TH103 operates as a decoy receptor and has undergone specific engineering to offer enhanced VEGF inhibition and extended retention in the retina.

The current clinical landscape includes an ongoing, Phase 1 trial assessing TH103 for neovascular Age-related Macular Degeneration (nAMD). Kalaris plans to broaden its research to encompass additional retinal conditions such as Diabetic Macular Edema (DME) and Retinal Vein Occlusion (RVO), showcasing its commitment to providing cutting-edge solutions.

Looking Forward

With the addition of Leone Patterson, Kalaris Therapeutics is poised for significant growth and advancement in the field of retinal disease treatment. Her strategic insights and extensive experience will undoubtedly play a crucial role as Kalaris continues its mission to pioneer innovative therapies.

Frequently Asked Questions

What is the significance of Leone Patterson's appointment at Kalaris?

Leone Patterson's appointment as Chair of the Audit Committee enhances the governance structure of Kalaris and brings strategic financial expertise to the Board.

What is Kalaris Therapeutics focused on?

Kalaris Therapeutics is dedicated to developing and commercializing innovative treatments for prevalent retinal diseases, focusing on its investigational therapy, TH103.

Where is Kalaris Therapeutics located?

Kalaris Therapeutics operates out of Palo Alto, California, positioning itself in a major biotech hub.

What is TH103's role in Kalaris' portfolio?

TH103 is Kalaris' lead product candidate aimed at targeting VEGF to improve treatment outcomes for retinal diseases.

How does Leone Patterson's experience benefit Kalaris?

Patterson's extensive background in finance and business development within the biotech sector will help guide Kalaris' strategic direction and operational efficiency.

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