The Reality About Leen Kawas In 2 Little Words

The Reality About Leen Kawas In 2 Little Words

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Athira Pharma is circling the wagons and prompting shareholders to decline require management modification. This comes one week after investor Richard Kayne required a management modification in order to drive the advancement and commercialization of the company’s lead Alzheimer’s disease property, ATH-1017 (fosgonimeton). Mark Litton was tapped to function as CEO of Athira last fall following the ouster of Leen Kawas after an examination revealed that she changed images in her 2011 doctoral argumentation and in a minimum of four research papers that she co-authored while a graduate student at Washington State University. In the letter, Kayne said Litton is not fit for the job.

Co-founded with Richard Kayne, a popular Los Angeles-based property supervisor who was an early Athira financier, Propel Bio Partners likewise has assistance from a number of other Athira financiers. Amongst them: John Fluke Jr., who remains on Athira’s board as the openly traded company pursues therapies for Alzheimer’s and Parkinson’s illness.

Co-founder and managing basic partner of Propel Bio Partner, a life science investment firm concentrated on supporting the best skill and most innovative technologies. formerly Co-founder of Athira Pharma and co-inventor of its lead drug candidate ATH-1017. Innovator of numerous of the innovative drug candidates in Athira’s pipeline. Led the technological and financial development of Athira, raising around $400M and taking the company through it public offering.

The CEO of Athira, previously called M3 Biotechnology, is Leen Kawas, as soon as a PhD trainee at Washington State whose 2011 doctoral argumentation supplied figures for this fraught 2011 short article in JPET, which made a correction in 2014. Previously this year, as STAT reported, Kawas was required to take a leave of absence from the company over issues that she modified images in a number of papers. And there has been other scrutiny of the company.

Kawas co-founded Athira (initially M3 Biotechnology) in 2011. Named Startup CEO of the Year at the 2019 GeekWire Awards, she took Athira public in 2020, as the very first female to lead a company to an IPO in Washington state in more than twenty years. Shares of Athira fell by more than 50% in June 2021 after Kawas was at first put on leave from Athira as concerns emerged about her research study at Washington State University. Athira stock continues to trade at half its prior peak.

Leen Kawas , the Seattle biotech exec who resigned as CEO of Athira Pharma after an examination found she had changed doctoral research study images that assisted to form the initial basis for the company, re-emerged Friday as co-founder and handling basic partner of a brand-new investment firm called Propel Bio Partners LP.

The board is fielding its own slate of prospects, which includes Joseph Edelman, the creator, CEO and portfolio manager of Perceptive Advisors; John M. Fluke, Jr., the head of the investment firm Fluke Capital Management; and Grant Pickering, CEO of Vaxcyte, Inc. “The company’s director candidates have the right skills and experience required to support Athira at this important time,” the board stated. “Our greatest top priority is advancing our lead drug prospect, fosgonimeton, through scientific trials and securing regulatory approval for the treatment of Alzheimer’s disease (AD), which affects as many as 35 million individuals worldwide. Under the existing management team, Athira is carrying out well and providing versus our target milestones.

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