Prothena Leadership Transition Enhances Future Development
Prothena Corporation Announces Leadership Updates
Prothena Corporation plc (NASDAQ: PRTA), a prominent late-stage clinical biotechnology company, has announced a significant leadership change as part of its strategy to enhance its investigational pipeline of therapeutics focused on protein dysregulation. Chad Swanson, Ph.D., has been appointed Chief Development Officer, where he will oversee clinical development and medical functions within the organization. Dr. Swanson will join the executive leadership team and report directly to Gene Kinney, Ph.D., the President and Chief Executive Officer of Prothena.
Leadership Transition and Future Plans
This leadership change comes as Dr. Hideki Garren, M.D., Ph.D., departs to pursue a new opportunity in a large pharmaceutical company, where he will take on the role of leading a global product development division. Prothena is now actively seeking a world-class healthcare leader to fill the Chief Medical Officer position left open by Dr. Garren's departure.
Supporting Innovation at Prothena
In a statement, Gene Kinney expressed enthusiasm for the appointment of Dr. Swanson, emphasizing his vast clinical and research experience in neuroscience. With a focus on further developing Prothena's extensive pipeline, Dr. Kinney stated, “We are excited to work closely with Chad in this key leadership role.” He also acknowledged Dr. Garren's contributions over the years, highlighting the seamless transition augmented by strong succession planning.
Dr. Garren's Legacy
Dr. Garren expressed his pride in his accomplishments at Prothena, underscoring his commitment to fostering innovative clinical and medical operations to support the therapeutic pipeline. He noted the potential impact of upcoming clinical readouts across multiple Prothena programs, which he believes could transform the lives of millions affected by various conditions.
Meet Chad Swanson, New Chief Development Officer
Dr. Swanson joins Prothena with over 20 years of experience in the industry. He was the Senior Vice President and Head of Clinical Development at Prothena before his recent appointment. He previously held a significant position at Eisai, Inc., where he served as Executive Director of Clinical Research in the Alzheimer’s Disease Brain Health group, and he was deeply involved with the lecanemab program, which garnered significant attention for its innovation in treating early Alzheimer’s disease.
Background and Expertise
Throughout his time at Eisai, Dr. Swanson led groundbreaking research that resulted in the accelerated approval of LEQEMBI™ in early 2023, demonstrating his capability in the realm of clinical development. He brings a wealth of knowledge regarding neurodegenerative diseases from his time managing various discovery and preclinical research programs at Lundbeck, Inc.
Overview of Prothena's Focus and Mission
Prothena Corporation plc, recognized for its expertise in protein dysregulation, is advancing a diverse pipeline of investigational therapeutics that hold promise for addressing neurodegenerative and rare peripheral amyloid diseases. With a foundation built on deep scientific knowledge accrued over years of research, Prothena seeks to apply its insights around neurological dysfunction and misfolded proteins to develop therapies targeting diseases such as AL amyloidosis, ATTR amyloidosis, Alzheimer’s disease, and Parkinson’s disease.
Frequently Asked Questions
What was the reason behind Dr. Garren’s departure from Prothena?
Dr. Garren is pursuing an opportunity at a large pharmaceutical company to lead a global product development division.
Who is the newly appointed Chief Development Officer at Prothena?
Chad Swanson, Ph.D., has been appointed as the new Chief Development Officer.
What is Prothena’s primary focus as a biotechnology company?
Prothena focuses on developing therapeutics for neurodegenerative and rare peripheral amyloid diseases.
What notable achievement is associated with Dr. Swanson from his previous role?
Dr. Swanson played a key role in the accelerated approval of LEQEMBI™ for Alzheimer's treatment.
Who will Chad Swanson report to in his new role?
Chad Swanson will report to Gene Kinney, Ph.D., the President and CEO of Prothena.
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