Ping Zhang Joins Gyre Therapeutics' Board, Enhancing Leadership

Gyre Therapeutics Welcomes New Board Member

Gyre Therapeutics, a leading biotechnology company, has recently announced the appointment of Ping Zhang as the lead independent director of its Board of Directors. This strategic move comes at a crucial time for the company, which is focused on addressing chronic organ diseases through innovative development programs.

Leadership Changes at Gyre Therapeutics

Pursuant to this appointment, Dr. Ying Luo has stepped down as Chairman, allowing new leadership to guide the company into a transformative period. With his departure, Songjiang Ma has assumed the chairmanship of Gyre Pharmaceuticals, a key subsidiary.

Ping Zhang's Impressive Background

Ping Zhang brings a wealth of experience to Gyre. Since 2018, he has been the Managing Partner at String Capital Management Co., Limited. His notable past roles include leading the Private Equity Investment and Fund of Funds business at AEON Life Insurance Company and serving as Managing Director at prestigious firms like AEA Investors and Mitsubishi UFJ Securities. Zhang currently serves on the boards of GNI and Asian Star Co (TSE: 8946), showcasing his extensive experience in corporate governance.

Vision for Future Growth

As Gyre Therapeutics positions itself for growth, Dr. Han Ying, the CEO, expressed enthusiasm about Mr. Zhang's expertise. He believes that Zhang’s financial acumen will help steer Gyre Therapeutics toward achieving its goals. This enthusiasm underscores the importance of strong leadership during pivotal stages in the company’s journey.

About Gyre Therapeutics

Headquartered in San Diego, CA, Gyre Therapeutics is dedicated to creating and commercializing life-changing therapies. The company’s flagship program, F351 (Hydronidone), aims to treat MASH-associated fibrosis. Gyre’s strategic approach leverages prior experience from mechanistic studies and clinical trials, underscoring the company’s commitment to innovative solutions.

Expansion of Gyre's Pipeline

Gyre's ventures extend into the PRC through Gyre Pharmaceuticals, focusing on several therapeutic initiatives, such as ETUARY and other compounds targeting various health challenges. The company is pursuing significant opportunities in the biopharmaceutical landscape, aiming for robust growth in emerging markets.

Gyre Pharmaceuticals Overview

Gyre Pharmaceuticals plays a crucial role in Gyre's operations, particularly in the PRC. Its flagship drug, ETUARY, was a pioneering treatment for idiopathic pulmonary fibrosis (IPF), achieving remarkable sales figures. The company is currently evaluating F351's efficacy in a Phase 3 trial for liver fibrosis, anticipated to present critical data soon. Gyre Pharmaceuticals is committed to advancing treatments for chronic obstructive pulmonary disease (COPD), pulmonary arterial hypertension (PAH), and acute liver failure.

Investment Relations

For investors interested in Gyre Therapeutics and its future developments, inquiries can be directed to Stephen Jasper at stephen@gilmartinir.com. This communication reflects Gyre's openness in fostering dialogue with stakeholders as the company moves forward.

Frequently Asked Questions

What recent leadership changes have occurred at Gyre Therapeutics?

Ping Zhang has been appointed as the lead independent director, while Dr. Ying Luo has resigned as Chairman.

What is the primary focus of Gyre Therapeutics?

Gyre Therapeutics focuses on the development of therapies for chronic organ diseases, notably with its lead program F351.

What experience does Ping Zhang bring to Gyre Therapeutics?

Ping Zhang has extensive experience in private equity and has held leadership roles at several investment firms.

What is Gyre Pharmaceuticals known for?

Gyre Pharmaceuticals is recognized for ETUARY, a leading treatment for IPF in the PRC, among other innovative drugs.

How can investors contact Gyre Therapeutics?

Investors may reach out to Stephen Jasper via email at stephen@gilmartinir.com for any inquiries or further information.

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