Press Release: AVEO Oncology Announces Appointment of Chief Medical Officer and Formation of Scientific Advisory Committee

Dow Jones03-25

AVEO Oncology Announces Appointment of Chief Medical Officer and Formation of Scientific Advisory Committee

-- Industry veteran brings extensive clinical development experience to AVEO Oncology leadership team as Chief Medical Officer --

-- Formation of a Scientific Advisory Committee from world-renowned cancer institutions --

BOSTON, March 25, 2024 (GLOBE NEWSWIRE) -- AVEO Oncology ("AVEO"), an LG Chem company, today announced the appointment of Edgar E. Braendle, MD, PhD as AVEO Oncology's new Chief Medical Officer. Dr. Braendle is a life sciences executive with experience spanning from early drug discovery to the launch of small molecules, biologics, radiopharmaceuticals, gene and cell therapies, and medical device development.

Dr. Braendle brings more than twenty years of clinical research experience to AVEO Oncology, most recently serving as Chief Development Officer of Autolus Therapeutics Plc since July 2021, where he was responsible for all development functions and the conduct of the pivotal program of AUCATZYL$(TM)$ (a CD-19 directed genetically modified autologous T cell immunotherapy) in adult acute lymphoblastic leukemia, and the respective filing to the U.S. Food & Drug Administration and European Medicines Agency.

"We are delighted to have Dr. Braendle join the AVEO Oncology team particularly at this important juncture as we seek to become a global top 20 oncology leader," said Michael P. Bailey, President and Chief Executive Officer of AVEO Oncology, an LG Chem company. "Dr. Braendle's significant experience will be instrumental in our efforts to develop and diversify our pipeline."

Prior to his time at Autolus, Dr. Braendle held the role of Executive Vice President, Chief Medical Officer and Global Head of Development at Sumitomo Dainippon Pharma Oncology, where he was responsible for a full range of development functions and progressed several early-stage, first in human programs and late-stage programs. Prior to this, Dr. Braendle served as President and CEO of ARUP Laboratories, a national clinical and anatomic reference laboratory. Dr. Braendle also spent over a decade at Novartis AG, where he served as Senior Vice President and Global Head of Companion Diagnostics and led the company's precision medicine approach. Dr. Braendle received his medical degree at RWTH Aachen University in Germany, followed by specialty training in medical oncology, urology and pharmacology. Dr. Braendle is also an associate professor at the University of Ulm, Germany.

Today, AVEO Oncology, an LG Chem company, and LG Chem Life Sciences also announced the formation of its Scientific Advisory Committee ("Committee"). This esteemed group of experts in oncology research and clinical development were selected to advise and bring unique perspectives to AVEO and LG Chem's clinical strategy and business development initiatives. "We are excited and privileged to have the opportunity to work with this group of top oncology experts to help guide our drug development initiatives from discovery through commercialization. Notably, the Committee represents key areas of interest including gastrointestinal, genitourinary, ovarian, lung and head and neck cancers," said Mr. Bailey.

The Scientific Advisory Committee is comprised of several leading cancer experts, including:

 
Al B. Benson III, MD, FACP, FACCC,      Scott Kopetz, MD, PhD Professor and 
FASCO Professor of Medicine Associate   Deputy Chair for Translational 
Director from Cooperative Groups        Research, Department of 
Robert H. Lurie Comprehensive Cancer    Gastrointestinal Medical Oncology 
Center of Northwestern University       Division of Cancer Medicine University 
                                        of Texas MD Anderson Cancer Center 
 
D. Ross Camidge, MD, PhD Professor of   John L. Marshall, MD Chief, Hematology 
Medicine/ Oncology Joyce Zeff Chair in  and Oncology Professor of Medicine and 
    Lung Cancer Director, Thoracic         Oncology Director, Otto J Ruesch 
   Oncology Faculty, Developmental              Center for the Cure of 
  Therapeutics Program University of     Gastrointestinal Cancers Georgetown 
    Colorado Cancer Center, Aurora       Lombardi Comprehensive Cancer Center 
 
    Edward Chu, MD, MMS Director,        Tony S.K. Mok, BBS, FASCO Chairman, 
  Montefiore Einstein Cancer Center     Department of Clinical Oncology LiShu 
 Albert Einstein College of Medicine    Fan Professor of Clinical Oncology The 
                                           Chinese University of Hong Kong 
 
    Ezra Cohen, MD, FRCPSC, FASCO               Paul G. Richardson, MD 
   Chief Medical Officer of Oncology          Director, Clinical Research 
                Tempus                   Jerome Lipper Multiple Myeloma Center 
  University of California- San Diego        Dana-Farber Cancer Institute 
 
   Kevin J. Cullen, MD Professor of        Joseph Tabernero, MD, PhD Head, 
   Oncology University of Maryland      Medical Oncology Department Director, 
    Marlene and Stewart Greenebaum       Vall d'Hebron Institute of Oncology 
Comprehensive Cancer Center University     Professor of Medicine, UVic-UCC 
    of Maryland School of Medicine 
 
Enrique Grande, MD, PhD, Msc Director,          Jan Vermorken, MD, PhD 
Medical Oncology Program and Clinical       Emeritus Professor of Oncology 
   Research lead MD Anderson Cancer         Department of Medical Oncology 
            Center Madrid                     Antwerp University Hospital 
 
 

For more information about the Scientific Advisory Committee, please visit https://www.aveooncology.com/about/scientific-advisory-committee/.

About AVEO Pharmaceuticals, Inc.

AVEO is an oncology-focused biopharmaceutical company committed to delivering medicines that provide a better life for patients with cancer. AVEO currently markets FOTIVDA$(R)$ (tivozanib) in the U.S. for the treatment of adult patients with relapsed or refractory renal cell carcinoma $(RCC)$ following two or more prior systemic therapies. AVEO continues to develop FOTIVDA in immunooncology and other novel targeted combinations in RCC and other indications, and has other investigational programs in clinical development. AVEO became a wholly owned subsidiary of LG Chem Life Sciences USA, Inc. on January 19, 2023. AVEO continues to operate under the AVEO Oncology, an LG Chem company, name. For more information, please visit www.aveooncology.com.

About LG Chem, Ltd. and LG Chem Life Sciences

LG Chem, Ltd. (LG Chem) is a leading global chemical company with a diversified business portfolio in the key areas of petrochemicals, advanced materials, and life sciences. The company manufactures a wide range of products from high-value added petrochemicals to renewable plastics, specializing in cutting-edge electronic and battery materials, as well as drugs and vaccines to deliver differentiated solutions for its customers. LG Chem Life Sciences develops, manufactures, and globally commercializes pharmaceutical products, with a focus on Oncology, Immunology, and Metabolic diseases. Our mission is to transform people's lives through inspiring science and leading innovation. For more information, please visit www.lgchem.com.

Contacts Media:

John F. Kouten

JFK Communications, Inc.

jfkouten@jfkhealth.com

(908) 227-4714

Source: AVEO Pharmaceuticals, Inc.

(END) Dow Jones Newswires

March 25, 2024 08:10 ET (12:10 GMT)

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