SAB Biotherapeutics Appoints Michael G. King Jr. as Chief Financial Officer
October 24 2023 - 7:30AM
SAB Biotherapeutics, Inc. (Nasdaq: SABS), today announced that
Michael G. King Jr. has been named Chief Financial Officer. SAB is
a clinical-stage biopharmaceutical company with a novel
immunotherapy platform developing a fully-human anti-thymocyte
immunoglobulin (hIgG) that may delay the onset or progression of
type 1 diabetes (T1D). Mr. King has extensive experience and prior
success as an award-winning biotechnology research analyst and
senior advisor with more than 25 years of experience with
investors, banking institutions and thought leaders in various
pharmaceutical disciplines. Mr. King, who starts his new role on
Oct. 30, replaces Russell Beyer, who is expected to step down on
Nov. 15 and remain a senior advisor with the company through the
end of the year.
Mr. King’s record of achievement includes
successful engagements with Hambrecht & Quist, Alex Brown &
Sons, Robertson Stephens, Vector Securities, Bank of America,
Rodman & Renshaw, JMP Securities, and HC Wainwright. Most
recently, he was Co-Head of Healthcare Research at EF Hutton Group.
Mr. King received his BA in Finance from the Bernard M. Baruch
College of the City University of New York.
“Mike has an outstanding track record of
best-in-class relationships in the investment community and is a
sought-after advisor for companies seeking strong value creation,”
said Eddie J. Sullivan, Ph.D., co-founder, President, and Chief
Executive Officer of SAB Biotherapeutics. “I’m confident Mike will
help us deliver growth and shareholder value on our path toward
creating groundbreaking, disease-modifying treatments that can slow
the progression of an autoimmune disease like type 1 diabetes. We
remain grateful for the strong contributions of Russell Beyer and
wish him the very best in his next venture.”
SAB Executive Chairman Samuel J. Reich notes of
the appointment, “SAB is poised to build something transformative
in the coming years, and I look forward to Mike’s additions as we
advance. I thank Russ for the outstanding service to SAB over the
past two years. He’s been a wonderful colleague and the Board
wishes him great success in his future endeavors.”
Mr. King said, “It’s an exciting time to work
for SAB. The company has a bright future ahead as we work to
address unmet patient need in type 1 diabetes. I look forward to
working alongside this accomplished management team and Board of
Directors to improve our efficiency and deliver shareholder value
as we advance clinical trials on the path toward
commercialization.”
About SAB Biotherapeutics,
Inc.SAB Biotherapeutics (SAB) is a clinical-stage
biopharmaceutical company focused on developing fully human, multi-
targeted, high-potency immunoglobulins (IgGs), without the need for
human donors or convalescent plasma, to treat and prevent immune
and autoimmune disorders. The company’s lead asset, SAB-142,
targets type 1 diabetes (T1D) with a disease-modifying therapeutic
approach that aims to change the treatment paradigm by delaying
onset and potentially preventing disease progression. Using
advanced genetic engineering and antibody science to develop
Transchromosomic (Tc) Bovine™, the only transgenic animal with a
human artificial chromosome, SAB’s DiversitAb™ drug development
production system is able to generate a diverse repertoire of
specifically targeted, high-potency, fully-human IgGs that can
address a wide range of serious unmet needs in human diseases
without the need for convalescent plasma or human donors. For more
information on SAB, visit: https://www.SAb.bio/ and follow SAB on
Twitter and LinkedIn.
Forward-Looking
StatementsCertain statements made herein that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “will,” “to be,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding future events, including the development and
efficacy of our T1D program, and other discovery programs.
These statements are based on the current
expectations of SAB and are not predictions of actual performance,
and are not intended to serve as, and must not be relied on, by any
investor as a guarantee, prediction, definitive statement, or an
assurance, of fact or probability. These statements are only
current predictions or expectations, and are subject to known and
unknown risks, uncertainties and other factors which may be beyond
our control. Actual events and circumstances are difficult or
impossible to predict, and these risks and uncertainties may cause
our or our industry’s results, performance, or achievements to be
materially different from those anticipated by these
forward-looking statements. A further description of risks and
uncertainties can be found in the sections captioned “Risk Factors”
in our most recent annual report on Form 10-K, as amended,
subsequent quarterly reports on Form 10-Q, as may be amended or
supplemented from time to time, and other filings with or
submissions to, the U.S. Securities and Exchange Commission, which
are available at https://www.sec.gov/. Except as otherwise
required by law, SAB disclaims any intention or obligation to
update or revise any forward-looking statements, which speak only
as of the date they were made, whether as a result of new
information, future events, or circumstances or otherwise.
Media Relations:SABPR@westwicke.com
Investor
Relations:matt@milestone-advisorsllc.com
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