C4 Therapeutics Appoints Ron Cooper as Chairman of the Board of Directors
10 Junho 2024 - 8:00AM
C4 Therapeutics, Inc. (C4T) (Nasdaq: CCCC), a clinical-stage
biopharmaceutical company dedicated to advancing targeted protein
degradation science, today announced changes to its Board of
Directors as part of the Company’s aspiration to become a fully
integrated biotechnology company. Ron Cooper, a global
biopharmaceutical executive experienced across discovery,
development and commercialization, has been appointed chairman of
C4T’s Board of Directors. Bruce Downey, who served as chairman
between June 2022 and June 2024, remains a member of the Board of
Directors. As part of C4T’s continued Board evolution with this
appointment, Glenn Dubin, who has served on C4T’s Board of
Directors since 2021, has decided to step down from the Board of
Directors.
“I am honored to become the next chairman of the Board of
Directors of C4 Therapeutics where I expect to leverage my
experience building fully integrated global biopharmaceutical
companies to help C4T continue to deliver on the promise of
targeted protein degradation,” said Ron Cooper. “Targeted protein
degradation is a quickly evolving field with immense potential, and
I am excited to work with the Board and management team to keep C4T
at the forefront of this modality and help improve patients’
lives.”
Ron Cooper most recently served as president and chief executive
officer of Albireo Pharma, a fully integrated, global, commercial
biopharmaceutical company that was acquired by Ipsen in March 2023.
Earlier in his career, Mr. Cooper spent nearly 30 years at
Bristol-Myers Squibb (BMS) in roles of increasing responsibility in
sales, marketing and general management, most recently serving as
President, Europe. At BMS, he played a leadership role in several
successful product launches, including Abilify®, Atripla®,
Eliquis®, Plavix®, Sprycel® and Yervoy®. Mr. Cooper currently
serves on the Board of Directors of Generation Bio.
“It has been my pleasure to serve as chairman and help C4T
broaden the expertise of our Board by appointing several leaders
with deep experience across clinical development, medical affairs,
regulatory strategy, capital markets and commercialization. I look
forward to working with Ron and our outstanding Board to help C4T
capitalize on the opportunities ahead,” said Bruce Downey. “On
behalf of the Board, I would like to thank Glenn Dubin for his
support of C4T as he steps down so we can welcome Ron’s extensive
pharmaceutical and biotechnology expertise to help lead the company
in this next exciting phase. We appreciate Glenn’s contributions
and wish him the best.”
“As we pursue our vision to become a fully integrated
biotechnology company, we are thrilled to have Ron’s experience
helping companies successfully bring products through discovery,
development and commercialization,” said Andrew Hirsch, president
and chief executive officer of C4 Therapeutics. “We have an
exciting path ahead and the entire C4T team remains focused on
advancing our pipeline to deliver on the potential of targeted
protein degradation science for patients searching for new
therapies.”
About C4 TherapeuticsC4 Therapeutics (C4T)
(Nasdaq: CCCC) is a clinical-stage biopharmaceutical company
dedicated to delivering on the promise of targeted protein
degradation science to create a new generation of medicines that
transforms patients’ lives. C4T is progressing targeted oncology
programs through clinical studies and leveraging its TORPEDO®
platform to efficiently design and optimize small-molecule
medicines to address difficult-to-treat diseases. C4T’s degrader
medicines are designed to harness the body’s natural protein
recycling system to rapidly degrade disease-causing proteins,
offering the potential to overcome drug resistance, drug
undruggable targets and improve patient outcomes. For more
information, please visit www.c4therapeutics.com.
Forward-Looking StatementsThis press release
contains “forward-looking statements” of C4 Therapeutics, Inc.
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements may include, but may not
be limited to, express or implied statements regarding our ability
to develop potential therapies for patients; the design and
potential efficacy of our therapeutic approaches; and our ability
to fund our future operations. Any forward-looking statements in
this press release are based on management’s current expectations
and beliefs of future events and are subject to a number of risks
and uncertainties that could cause actual results to differ
materially and adversely from those set forth in or implied by such
forward-looking statements. These risks and uncertainties include,
but are not limited to: uncertainties related to the initiation,
timing, advancement and conduct of preclinical and clinical studies
and other development requirements for our product candidates; the
risk that any one or more of our product candidates will cost more
to develop or may not be successfully developed and commercialized;
and the risk that sufficient capital to fund our future operations
will be available to us on acceptable terms or at the times
required. For a discussion of these and other risks and
uncertainties, and other important factors, any of which could
cause our actual results to differ from those contained in the
forward-looking statements, see the section entitled “Risk Factors”
in C4 Therapeutics’ most recent Annual Report on Form 10-K and/or
Quarterly Report on Form 10-Q, as filed with the Securities and
Exchange Commission. All information in this press release is as of
the date of the release, and C4 Therapeutics undertakes no duty to
update this information unless required by law.
Contacts:Investors: Courtney SolbergSenior
Manager, Investor RelationsCSolberg@c4therapeutics.com
Media: Loraine Spreen Senior Director, Corporate
Communications & Patient
Advocacy LSpreen@c4therapeutics.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a06f09c7-3115-4f0d-93c9-bb23d667fe40
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