Roivant Announces Appointment of Mayukh Sukhatme to Its Board of Directors
November 10 2023 - 8:00AM
Roivant (Nasdaq: ROIV) today announced the appointment of Mayukh
Sukhatme, M.D., to its Board of Directors, effective immediately.
Dr. Sukhatme will fill a newly created Class III seat on the Board
of Directors, increasing the Board of Directors to eight members in
total.
“I’m thrilled to be adding Mayukh to our board.
Mayukh has been with the company since almost the very beginning,
and his contributions are too many to enumerate here. He has helped
find and guide all of our key pipeline programs, and I am confident
that his voice on our board will continue to further our important
work for patients. It continues to be a privilege to work alongside
him every day,” said Matt Gline, CEO of Roivant.
Mayukh Sukhatme, M.D., has served as Roivant’s President and
Chief Investment Officer since January 2021, and is responsible for
identifying, performing diligence on, devising development
strategies for, and transacting on new therapeutic programs for the
company. Dr. Sukhatme also informs Roivant’s view of its existing
biopharmaceutical subsidiary companies for capital allocation
decisions across the Roivant portfolio. Dr. Sukhatme joined Roivant
in 2015 and previously served as President of Roivant Pharma and as
our Chief Business Officer. Programs that Dr. Sukhatme has
in-licensed or acquired for Roivant have produced all 10 of our
positive Phase 3 studies and have garnered 6 FDA approvals. From
2000 to 2015, Dr. Sukhatme was a healthcare-focused analyst and
portfolio manager for several large institutional investment firms,
including both public markets and venture capital firms. His
principal focus was on development-stage biotechnology and
pharmaceutical companies, where he led diligence and investment
decisions on numerous companies and pharmaceutical compounds across
a wide variety of therapeutic areas. Dr. Sukhatme earned his M.D.
from Harvard Medical School and his B.S. in Biology and B.S. in
Literature from MIT.
About Roivant
Roivant is a commercial-stage biopharmaceutical company that
aims to improve the lives of patients by accelerating the
development and commercialization of medicines that matter. Today,
Roivant’s pipeline includes VTAMA®, a novel topical approved for
the treatment of psoriasis and in development for the treatment of
atopic dermatitis; batoclimab and IMVT-1402, fully human monoclonal
antibodies targeting the neonatal Fc receptor (“FcRn”) in
development across several IgG-mediated autoimmune indications;
brepocitinib, a novel TYK2/JAK1 inhibitor in late stage development
for dermatomyositis, systemic lupus erythematosus, and other
autoimmune conditions; and, additional clinical stage molecules. We
advance our pipeline by creating nimble subsidiaries or “Vants” to
develop and commercialize our medicines and technologies. Beyond
therapeutics, Roivant also incubates discovery-stage companies and
health technology startups complementary to its biopharmaceutical
business. For more information, www.roivant.com.
Roivant Forward-Looking Statements
This press release contains forward-looking statements.
Statements in this press release may include statements that are
not historical facts and are considered forward-looking within the
meaning of Section 27A of the Securities Act of 1933, as amended
(the “Securities Act”), and Section 21E of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), which are usually
identified by the use of words such as “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intends,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” and variations of such words or similar
expressions. The words may identify forward-looking statements, but
the absence of these words does not mean that a statement is not
forward-looking. We intend these forward-looking statements to be
covered by the safe harbor provisions for forward-looking
statements contained in Section 27A of the Securities Act and
Section 21E of the Exchange Act.
Our forward-looking statements include, but are not limited to,
statements regarding our or our management team’s expectations,
hopes, beliefs, intentions or strategies regarding the future, and
statements that are not historical facts, including statements
about the pending sale of our subsidiary Telavant to Roche (the
“Telavant Transaction”), the clinical and therapeutic potential of
our products and product candidates, the availability and success
of topline results from our ongoing clinical trials and any
commercial potential of our products and product candidates. In
addition, any statements that refer to projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking
statements.
Although we believe that our plans, intentions, expectations and
strategies as reflected in or suggested by those forward-looking
statements are reasonable, we can give no assurance that the plans,
intentions, expectations or strategies will be attained or
achieved. Furthermore, actual results may differ materially from
those described in the forward-looking statements and will be
affected by a number of risks, uncertainties and assumptions,
including, but not limited to, those risks set forth in the Risk
Factors section of our filings with the U.S. Securities and
Exchange Commission. Moreover, we operate in a very competitive and
rapidly changing environment in which new risks emerge from time to
time. These forward-looking statements are based upon the current
expectations and beliefs of our management as of the date of this
press release, and are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. Except as required by
applicable law, we assume no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contacts:
InvestorsRoivant Investor Relationsir@roivant.com
MediaStephanie LeeRoivant Sciencesstephanie.lee@roivant.com
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