aTyr Pharma appoints Eric Benevich to its Board of Directors, enhancing commercialization efforts with his extensive industry experience.
Quiver AI Summary
aTyr Pharma, Inc. announced the appointment of Eric Benevich to its Board of Directors, effective December 10, 2024. Benevich, currently the Chief Commercial Officer at Neurocrine Biosciences, brings over 30 years of commercial experience in the pharmaceutical industry, having held significant roles at various biopharmaceutical companies. His expertise in commercial development will be crucial as aTyr advances its commercialization efforts. aTyr is focused on developing first-in-class medicines from its tRNA synthetase platform, with its leading candidate, efzofitimod, in clinical development for interstitial lung disease.
Potential Positives
- Appointment of Eric Benevich to the Board of Directors enhances aTyr Pharma's leadership with significant industry experience in commercialization.
- Benevich's background in bringing new products to market is expected to support aTyr's evolution towards commercialization of its therapies.
- His past roles in successful biopharmaceutical companies could provide strategic insights for aTyr's ongoing development of its lead candidate, efzofitimod.
Potential Negatives
- The press release heavily emphasizes forward-looking statements regarding the potential impact of Mr. Benevich’s appointment, indicating a reliance on future performance rather than current stability.
- The company acknowledges a variety of risks that may impede its plans, including difficulties in clinical trial enrollment and the need for additional funding, suggesting underlying vulnerabilities in its operational framework.
- The mention of existing collaborations potentially being terminated early raises concerns about the stability of aTyr's strategic partnerships crucial for its product development.
FAQ
Who is the new member of aTyr Pharma's Board of Directors?
Eric Benevich has been appointed to the Board of Directors of aTyr Pharma.
When did Eric Benevich join aTyr Pharma's Board?
Eric Benevich's appointment to the Board became effective on December 10, 2024.
What is Eric Benevich's role at Neurocrine Biosciences?
He currently serves as the Chief Commercial Officer at Neurocrine Biosciences, Inc.
What expertise does Eric Benevich bring to aTyr Pharma?
He has over 30 years of experience in commercial development in the pharmaceutical industry.
What is aTyr Pharma's focus as a clinical stage biotechnology company?
aTyr Pharma focuses on developing first-in-class medicines from its proprietary tRNA synthetase platform.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ATYR Insider Trading Activity
$ATYR insiders have traded $ATYR stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ATYR stock by insiders over the last 6 months:
- PAUL SCHIMMEL has traded it 3 times. They made 3 purchases, buying 100,000 shares and 0 sales.
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Full Release
SAN DIEGO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- aTyr Pharma, Inc. (Nasdaq: ATYR) (“aTyr” or the “Company”), a clinical stage biotechnology company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform, today announced the appointment of Eric Benevich to the Company’s Board of Directors, effective as of December 10, 2024. Mr. Benevich currently serves as Chief Commercial Officer at Neurocrine Biosciences, Inc. (Neurocrine).
“We are excited to welcome Eric Benevich to the Board of Directors,” said Timothy P. Coughlin, Chairman of the Board of aTyr. “His extensive background bringing new products to market and the knowledge and expertise he has gained from both building and leading commercial activities at biopharmaceutical companies will be an invaluable resource as aTyr continues its evolution towards commercialization.”
Mr. Benevich has served as Chief Commercial Officer of Neurocrine since May 2015 and is responsible for all aspects of commercial development, marketing, and sales of the Neurocrine product portfolio. Mr. Benevich has over 30 years of commercial experience in the pharmaceutical industry and previously served in various positions of increasing responsibility at AstraZeneca, Amgen, Peninsula Pharmaceuticals, and Avanir Pharmaceuticals in the sales and marketing of drugs such as Prilosec®, Epogen®, Enbrel®, and Neudexta®. Mr. Benevich has a BBA in International Business from Washington State University.
Abo ut aTyr
aTyr is a clinical stage biotechnology company leveraging evolutionary intelligence to translate tRNA synthetase biology into new therapies for fibrosis and inflammation. tRNA synthetases are ancient, essential proteins that have evolved novel domains that regulate diverse pathways extracellularly in humans. aTyr’s discovery platform is focused on unlocking hidden therapeutic intervention points by uncovering signaling pathways driven by its proprietary library of domains derived from all 20 tRNA synthetases. aTyr’s lead therapeutic candidate is efzofitimod, a first-in-class biologic immunomodulator in clinical development for the treatment of interstitial lung disease, a group of immune-mediated disorders that can cause inflammation and progressive fibrosis, or scarring, of the lungs. For more information, please visit www.atyrpharma.com .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or similar expressions. We intend these forward-looking statements to be covered by such safe harbor provisions for forward-looking statements and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements include statements regarding the potential benefits that Mr. Benevich’s appointment will have on aTyr’s evolution towards commercialization. These forward-looking statements also reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects, as reflected in or suggested by these forward-looking statements, are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. All forward-looking statements are based on estimates and assumptions by our management that, although we believe to be reasonable, are inherently uncertain. Furthermore, actual results may differ materially from those described in these forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, uncertainty regarding geopolitical and macroeconomic events, risks associated with the discovery, development and regulation of our product candidates, the risk that we or our partners may cease or delay preclinical or clinical development activities for any of our existing or future product candidates for a variety of reasons (including difficulties or delays in patient enrollment in planned clinical trials), the possibility that existing collaborations could be terminated early, and the risk that we may not be able to raise the additional funding required for our business and product development plans, as well as those risks set forth in our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in our other SEC filings. Except as required by law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Ashlee Dunston
Director, Investor Relations and Corporate Communications
[email protected]