Claritus Pharmaceuticals Inc. (CLAZF)

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KALTF CEO Additional Board and Management

KALTF News

Mr. Farrell has more than 25 years of experience in the pharmaceutical, biotechnology and medical device sectors. Prior to joining Kalytera, Mr. Farrell worked as an executive officer with the Institute for One World Health, an affiliate of the Bill and Melinda Gates Foundation. Mr. Farrell has held senior positions with publicly listed companies in the pharmaceutical and biotechnology industries, including Titan Pharmaceuticals, where he served as President and CEO from 2008 to 2010, and as Chief Financial Officer from 1996 to 2008. Mr. Farrell received a law degree (J.D.) from the University of California, and his undergraduate degree (B.A.) from the University of Notre Dame.

Changes to the Company's Board and Management Team

Mr. Pini Ben-Elazar, who served as a member of the Company's Board of Directors since March 2017, has submitted his resignation from the Board of Directors, and the Company has accepted the resignation of Mr. David Bassa, who served as the Company's Chief Operating Officer.

“I would like to thank Mr. Ben-Elazar and Mr. Bassa for their contributions to Kalytera, including their guidance and advice regarding the Company's GVHD program,” said Mr. Farrell. "We are now on track to advance our GVHD Program into a Phase 2 study that we anticipate can be completed in approximately eight months, at which time we will be positioned to initiate the pivotal Phase 3 study required for FDA approval.”

How these management changes will affect the business of KALTF, is remained to be seen.