Oncosec Medical (ONCS) names Brian Leuthner as COO
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OncoSec Medical Incorporated (NASDAQ: ONCS) (the "Company" or "OncoSec") today announced the addition of two new executives to the company's management team.
Industry veteran Brian Leuthner has been appointed as OncoSec's Chief Operating Officer and Joe Smith has joined as Vice President of Business Development.
"We are delighted to welcome both Brian and Joe to OncoSec's management team," said Daniel J. O'Connor, President and Chief Executive Officer of OncoSec. "As we continue making progress in the development of our lead product candidate, TAVO™, in multiple ongoing clinical studies for a variety of oncology indications and COVID-19, we are actively seeking opportunities to expand our offering through strategic partnerships that maximize the full therapeutic potential of our technology. With the additions of Brian and Joe to our executive team, we are looking forward to leveraging their significant strategic, commercial and business development expertise as we work to bring transformative solutions to patients in need and value to our shareholders."
Mr. Leuthner joins OncoSec having held a variety of leadership positions over his 32 year biotech and pharmaceutical career, including CEO and Chief Operating Officer functions. For a decade, Mr. Leuthner was President, CEO and co-founder of Edge Therapeutics, Inc., an orphan disease-focused company. In 2019, Mr. Leuthner led the merger of Edge and PDS Biotechnology, an immune-oncology company. While at Edge, he developed a long-term vision, strategic plan and corporate culture that ensured a successful transition from a start-up company through late-stage development. Earlier in his career, Mr. Leuthner held a variety of additional leadership positions, including Fontus Pharmaceuticals, Inc., The Medicines Company, ESP Pharma, Cardinal Health, Johnson & Johnson, Thomas Ferguson Healthcare Advertising Agency and Glaxo Wellcome Company.
Joining OncoSec as Vice President of Business Development, Mr. Smith was most recently an independent transaction advisor and acting Head of Business Development to a number of biotechnology and specialty pharmaceutical companies, including an antibody-focused start-up, an orphan ophthalmology specialty business and a vaccine technology business focused on COVID-19. Previously, he was Executive Director & Head of Business Development & Strategy for EyePoint Pharmaceuticals where he led Strategy and Business and Corporate Development activity. Mr. Smith has led or managed Business and Corporate Development at three other specialty pharmaceutical companies including Adare Pharmaceuticals, Valeant Pharmaceuticals, and Aton Pharma. His experience also includes more than eight years between management consulting and biotechnology equity research.
As of February 2, 2021, Mr. Leuthner will be granted an initial grant of 150,000 stock options and Mr. Smith will be granted an initial grant of 35,000 stock options. These stock options will have an exercise price equal to the closing price of the Company's common stock on the date of grant and will be 25% vested on the date of grant, with the remaining 75% vesting quarterly over a two-year period. These stock options were granted as an inducement to Mr. Leuthner and Mr. Smith entering into employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4).
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