Opthea Announces New Leadership Team for Upcoming Trials

Opthea Strengthens Leadership Team Ahead of Critical Trials

Opthea Limited, a clinical-stage biopharmaceutical company committed to developing groundbreaking therapies for prevalent retinal diseases, has welcomed new leadership as it gears up for important Phase 3 data readouts scheduled for 2025. This strategic move reflects the company's dedication to innovation and its mission to address conditions like wet age-related macular degeneration (wet AMD).

Key Appointments Drive Research and Development

Opthea has recently appointed Dr. Parisa Zamiri as Chief Medical Officer (CMO) and Tom Reilly as Chief Financial Officer (CFO). These leadership changes are vital as Opthea aims to enhance its clinical development processes and financial strategies ahead of pivotal trials.

Dr. Parisa Zamiri: A Vision for Clinical Excellence

Dr. Parisa Zamiri, effective October 7, 2024, will spearhead clinical development at Opthea. With extensive experience in ophthalmology and a notable history in drug discovery, Dr. Zamiri is poised to oversee significant clinical operations, ensuring that Opthea meets its regulatory and operational milestones. Her past roles, including Chief Medical Officer at Complement Therapeutics, position her as a strong asset for the company.

Tom Reilly: Financial Strategies for Growth

Joining the team on October 28, 2024, Tom Reilly brings over 25 years of finance leadership to the CFO role. His experience with Amarin Corporation and Novartis, where he supported various commercial endeavors, will be instrumental in guiding Opthea's financial strategy as it prepares for the commercial launch of its products.

Anand Sundaram: New Vice President of Marketing

Further strengthening the leadership lineup, Anand Sundaram has been appointed Vice President of Marketing, effective October 14, 2024. His background in strategic commercial roles is expected to enhance Opthea's market presence, especially as the company navigates through upcoming trials.

Understanding Opthea's Innovative Products

Opthea's lead product, sozinibercept, is under evaluation in two essential Phase 3 trials known as COAST and ShORe. These trials are critical for improving treatment outcomes for patients suffering from wet AMD and diabetic macular edema (DME). The company aims to demonstrate that combining sozinibercept with existing therapies can lead to superior vision improvements.

About Opthea: A Commitment to Retinal Health

As a biopharmaceutical leader, Opthea Limited continuously seeks to develop novel therapies that meet significant medical needs. Focused on retinal diseases that affect millions, the company is dedicated to finding effective treatments that can transform lives. With the infrastructure and vision in place, Opthea is ready to take on the challenges of clinical trials and bring innovations to market.

Frequently Asked Questions

What recent appointments were made at Opthea?

Opthea appointed Dr. Parisa Zamiri as CMO, Tom Reilly as CFO, and Anand Sundaram as Vice President Marketing.

What is sozinibercept?

Sozinibercept is Opthea's lead product being evaluated in Phase 3 trials targeting retinal diseases like wet AMD.

When are the key data readouts scheduled?

The topline data readouts for the sozinibercept trials are anticipated in early 2025.

How does Opthea plan to improve its market strategy?

With new leadership, Opthea aims to enhance its clinical and marketing strategies to better position its therapies in the market.

What is the mission of Opthea?

Opthea's mission is to develop innovative therapies to address unmet needs in the treatment of retinal diseases.

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