PepGen's Board Transition: Dr. Ashton Announces Retirement
PepGen Board of Directors Announces Retirement of Dr. Ashton
PepGen Inc. (Nasdaq: PEPG), an innovative biotechnology firm dedicated to advancing next-generation oligonucleotide therapies, recently disclosed that Christopher Ashton, PhD, will retire from its Board of Directors. His retirement is set to take effect at the end of September 2024. Dr. Ashton has been a valuable contributor since December 2019, playing an integral role on the audit and compensation committees.
Thanking Dr. Ashton for His Service
Laurie Keating, JD, Chair of PepGen’s Board, shared heartfelt sentiments regarding Dr. Ashton’s tenure. "On behalf of the Board of Directors, I would like to express our gratitude to Chris for nearly five years of dedicated service. His insightful guidance and humility have been greatly appreciated. As our longest-serving Director, his contributions as both a scientist and a leader have been instrumental in guiding the company’s growth. We wish him all the best in his future endeavors," Keating stated.
A Positive Reflection on PepGen's Growth
Reflecting on his experience, Dr. Ashton noted, "Helping to shape PepGen from its inception into a clinical-stage biotechnology company has been a most rewarding journey. With two investigational therapies in clinical trials aimed at treating serious neuromuscular and neurological conditions, the future appears promising. I am optimistic that these candidates may emerge as best-in-class therapies that can significantly benefit patients."
Dr. Ashton's Future Plans
Dr. Ashton indicated his retirement is motivated by a desire to focus on advising pre-IPO companies. He clarified that his departure is free of any disputes or disagreements with PepGen or its Board regarding company operations and policies. Following his resignation, the Board of Directors will reduce its number from seven to six members.
About PepGen
PepGen is at the forefront of biotechnology, specializing in advancing oligonucleotide therapies targeting severe neuromuscular and neurological diseases. The company’s Enhanced Delivery Oligonucleotide (EDO) platform is the result of over a decade of research and development aimed at leveraging cell-penetrating peptides. This innovative approach enhances the delivery and functionality of oligonucleotide therapeutics. Through the EDO platform, PepGen aims to create a robust pipeline of therapies addressing the root causes of critical ailments.
Further Contact and Information
For additional information, you can visit our website. PepGen is excited to stay connected through various channels, including LinkedIn and X. We invite you to follow our journey as we continue to develop transformative therapies.
Frequently Asked Questions
Which company is undergoing a leadership transition?
PepGen Inc. is experiencing a transition with Dr. Christopher Ashton's retirement from the Board of Directors.
When will Dr. Ashton officially retire?
Dr. Ashton's retirement is effective at the end of September 2024.
Why is Dr. Ashton leaving the Board?
He wishes to return to focusing on advising pre-IPO companies as his primary goal.
What is the significance of Dr. Ashton’s role on the Board?
Dr. Ashton has been vital in guiding PepGen’s growth and strategy during his nearly five years of service.
What are PepGen's primary areas of focus?
PepGen specializes in advancing therapies for severe neuromuscular and neurological diseases using cutting-edge oligonucleotide technology.
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