Aaron Ondrey joins as Chief Financial Officer
bringing seasoned leadership experience in financial management,
strategic planning, commercial finance, and capital allocation
Additional key appointments within existing
corporate leadership team expand capabilities and expertise
spanning early discovery through commercialization
Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT), a fully integrated,
late-stage biotechnology company advancing a sustainable pipeline
of genetic therapies for rare disorders with high unmet need, today
announced the appointment of Aaron Ondrey, as Chief Financial
Officer, and the further evolution of its corporate leadership team
through key appointments with existing team members. These
leadership announcements build on and expand Rocket’s preparedness
for its planned transition to commercial stage and continued
development of its pipeline.
Aaron Ondrey joins Rocket as Chief Financial Officer,
bringing more than 20 years of experience in financial management,
strategic planning, commercial finance, capital allocation and
mergers and acquisitions having held multiple finance leadership
positions across the pharma and biotech industry. Mr. Ondrey most
recently served as CFO of Mirati Therapeutics through the launch of
KRAZATI® and the company’s acquisition by Bristol Myers Squibb in
January 2024. He brings invaluable expertise to support Rocket’s
commercial transition and growth trajectory, notably strong
financial acumen and exceptional operational management
capabilities. Prior to Mirati, Mr. Ondrey also held senior
leadership positions at Arena Pharmaceuticals, Alexion
Pharmaceuticals, and Regeneron Pharmaceuticals.
The key appointments within Rocket’s existing corporate
leadership team are as follows:
- Kinnari Patel, Pharm.D., MBA, has been appointed
President, Head of R&D and Chief Operating Officer. Dr. Patel
will be focused on R&D with oversight spanning research through
late-stage development and manufacturing. In addition, she will
continue in her capacity as COO, driving company operations aimed
toward advancing the company’s key strategic priorities.
- Jonathan Schwartz, M.D., has been appointed Chief
Medical & Gene Therapy Officer, with his remit spanning
Research and Discovery as well as Clinical Development. Dr.
Schwartz will bring deep and seasoned scientific and clinical
thought leadership instrumental in continuing to develop and
advance Rocket’s current and future pipeline.
- Mark White, MB.ChB, has been appointed General Manager,
Commercial Affairs, leading the Medical Affairs, Marketing,
Commercial Operations, and Value & Access functions. Dr.
White’s extensive drug development and franchise leadership
experience, combined with the benefit of bringing these functions
together under his leadership, best positions Rocket for long-term
success with highly complex therapies aimed at rare diseases.
- Martin Wilson. J.D., has been appointed General Counsel
& Chief Corporate Officer, and will lead Legal, Compliance, and
Corporate Development. This evolution creates a newly integrated
team aimed at advancing Rocket’s corporate strategy, led by Mr.
Wilson’s strong legal and strategic acumen and experience.
“Today’s leadership announcements underscore Rocket’s
preparedness as we transform from a clinical organization to a
commercial stage gene therapy company, notably by expanding our
financial expertise with the addition of seasoned finance leader,
Aaron Ondrey as our Chief Financial Officer,” said Gaurav Shah,
M.D., Chief Executive Officer, Rocket Pharma. “We are leveraging
our team's deep talent and experience to optimally position Rocket
for operational and commercial excellence and look forward to
continuing our strong momentum as we advance our leading pipeline
for patients living with rare cardiovascular and hematologic
diseases."
About Rocket Pharmaceuticals, Inc. Rocket
Pharmaceuticals, Inc. (NASDAQ: RCKT) is a fully integrated,
late-stage biotechnology company advancing a sustainable pipeline
of investigational genetic therapies designed to correct the root
cause of complex and rare disorders. Rocket’s innovative
multi-platform approach allows us to design the optimal gene
therapy for each indication, creating potentially transformative
options that enable people living with devastating rare diseases to
experience long and full lives.
Rocket’s lentiviral (LV) vector-based gene therapies target
hematologic diseases and consist of late-stage programs for Fanconi
Anemia, a difficult to treat genetic disease that leads to bone
marrow failure and potentially cancer, Leukocyte Adhesion
Deficiency-I (LAD-I), a severe pediatric genetic disorder that
causes recurrent and life-threatening infections which are
frequently fatal, and Pyruvate Kinase Deficiency (PKD), a monogenic
red blood cell disorder resulting in increased red cell destruction
and mild to life-threatening anemia.
Our adeno-associated virus (AAV)-based cardiovascular portfolio
includes a late-stage program for Danon Disease, a devastating
heart failure condition resulting in thickening of the heart, an
early-stage program in clinical trials for PKP2-arrhythmogenic
cardiomyopathy (ACM), a life-threatening heart failure disease
causing ventricular arrhythmias and sudden cardiac death, and a
pre-clinical program targeting BAG3-associated dilated
cardiomyopathy (DCM), a heart failure condition that causes
enlarged ventricles.
For more information about Rocket, please visit
www.rocketpharma.com and follow us on LinkedIn, YouTube and X.
Rocket Cautionary Statement Regarding Forward-Looking
Statements This press release contains forward-looking
statements concerning Rocket’s future expectations, plans and
prospects that involve risks and uncertainties, as well as
assumptions that, if they do not materialize or prove incorrect,
could cause our results to differ materially from those expressed
or implied by such forward-looking statements. We make such
forward-looking statements pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 and other
federal securities laws. All statements other than statements of
historical facts contained in this release are forward-looking
statements. You should not place reliance on these forward-looking
statements, which often include words such as "believe," "expect,"
"anticipate," "intend," "plan," "will give," "estimate," "seek,"
"will," "may," "suggest" or similar terms, variations of such terms
or the negative of those terms. These forward-looking statements
include, but are not limited to, statements concerning Rocket’s
expectations regarding the safety and effectiveness of product
candidates that Rocket is developing to treat Fanconi Anemia (FA),
Leukocyte Adhesion Deficiency-I (LAD-I), Pyruvate Kinase Deficiency
(PKD), Danon Disease (DD) and other diseases, the expected timing
and data readouts of Rocket’s ongoing and planned clinical trials,
the expected timing and outcome of Rocket’s regulatory interactions
and planned submissions, Rocket’s plans for the advancement of its
DD program, including its planned pivotal trial, and the safety,
effectiveness and timing of related pre-clinical studies and
clinical trials, Rocket’s ability to establish key collaborations
and vendor relationships for its product candidates, Rocket’s
ability to develop sales and marketing capabilities or enter into
agreements with third parties to sell and market its product
candidates and Rocket’s ability to expand its pipeline to target
additional indications that are compatible with its gene therapy
technologies. Although Rocket believes that the expectations
reflected in the forward-looking statements are reasonable, Rocket
cannot guarantee such outcomes. Actual results may differ
materially from those indicated by these forward-looking statements
as a result of various important factors, including, without
limitation, Rocket’s dependence on third parties for development,
manufacture, marketing, sales and distribution of product
candidates, the outcome of litigation, unexpected expenditures,
Rocket’s competitors’ activities, including decisions as to the
timing of competing product launches, pricing and discounting,
Rocket’s ability to develop, acquire and advance product candidates
into, enroll a sufficient number of patients into, and successfully
complete, clinical studies, Rocket’s ability to acquire additional
businesses, form strategic alliances or create joint ventures and
its ability to realize the benefit of such acquisitions, alliances
or joint ventures, Rocket’s ability to obtain and enforce patents
to protect its product candidates, and its ability to successfully
defend against unforeseen third-party infringement claims, as well
as those risks more fully discussed in the section entitled "Risk
Factors" in Rocket’s Annual Report on Form 10-K for the year ended
December 31, 2023, filed February 27, 2024 with the SEC and
subsequent filings with the SEC including our Quarterly Reports on
Form 10-Q. Accordingly, you should not place undue reliance on
these forward-looking statements. All such statements speak only as
of the date made, and Rocket undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240326360522/en/
Media Kevin Giordano media@rocketpharma.com
Investors Brooks Rahmer investors@rocketpharma.com
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