Development Veteran Steven J. Knox Joins Assembly Biosciences as Senior Vice President, Clinical Development
Mr. Knox comes to Assembly from
“I am excited to be joining Assembly as its clinical candidates move into later stage development and new candidates enter the clinic,” said Mr. Knox. “I’ve spent much of my career advancing therapies for viral hepatitis and while cures have been achievable in HCV, they have remained elusive in HBV, despite effective nucleos(t)ide therapy. I have followed Assembly’s development programs and believe there is great potential for core inhibitors to play an important role in bringing HBV to undetectable levels quickly and inhibiting generation of new cccDNA which may ultimately help bring about cure for more patients.”
“We are pleased that Steve is joining the Assembly team at this opportune time,” said
In conjunction with Mr. Knox’s appointment,
Mr. Small continued, “as a leader in the field of HBV and a co-founder of Assembly, Uri has been instrumental in devising our early scientific strategies, translating our science from ideas to clinical programs and ultimately in moving our programs into clinical trials. We are grateful for Uri’s passion and dedication to Assembly over the past seven years as he now returns to entrepreneurial pursuits.”
In connection with Mr. Knox’s appointment, the Company made a grant on
The equity awards were granted outside of the Company’s stockholder-approved equity incentive plans pursuant to Assembly’s 2017 Inducement Award Plan. The stock options were approved by the compensation committee of the board of directors, which is comprised solely of independent directors, as a material inducement to Mr. Knox entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
About Assembly Biosciences
Assembly Biosciences, Inc. is a clinical-stage biotechnology company developing innovative therapeutics targeting hepatitis B virus (HBV) and diseases associated with the microbiome. The HBV program is focused on advancing a new class of potent, oral core inhibitors that have the potential to increase cure rates for chronically infected patients. The microbiome program is developing novel oral live synthetic biotherapeutic candidates with Assembly’s fully integrated platform, including a robust process for strain identification and selection, GMP banking and production, and targeted delivery to the lower gastrointestinal tract with the GEMICEL® technology. For more information, visit assemblybio.com.
The information in this press release contains forward-looking statements regarding future events, including statements about the clinical and therapeutic potential of core inhibitors and the clinical development of our product candidates, Certain forward-looking statements may be identified by reference to a future period or by use of forward-looking terminology such as “may,” “will” and “potential.” Assembly intends such forward-looking statements to be covered by the safe harbor provisions contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. More information about the risks and uncertainties faced by Assembly are more fully detailed under the heading “Risk Factors” in Assembly's Annual Report on Form 10-K for the year ended December 31, 2018 filed with the Securities and Exchange Commission. Except as required by law, Assembly assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
1Sovaldi®, Harvoni® and Vemlidy® are registered trademarks of Gilead Sciences, Inc., or its related companies.
Assembly Biosciences, Inc.
Source: Assembly Biosciences, Inc.