Stoke Therapeutics Appoints Eric Olson, MS, MBA as Chief Business Officer
04 Septembre 2024 - 2:00PM
Business Wire
– Mr. Olson brings two decades of successful
corporate business development experience with an emphasis on rare
diseases and RNA therapeutics –
Stoke Therapeutics, Inc. (Nasdaq: STOK), a biotechnology company
dedicated to restoring protein expression by harnessing the body’s
potential with RNA medicine, today announced the appointment of
Eric Olson as Chief Business Officer. Mr. Olson has two decades of
experience in life sciences business development and strategy with
a track record of success, completing numerous transactions to
maximize value for company pipelines across a variety of
therapeutic areas, including rare genetic diseases, neurology and
ophthalmology. In his new role, Mr. Olson will be responsible for
leading and executing the Company’s global corporate strategy and
business development.
“We see a significant opportunity to expand the potential of
Stoke’s first-in-class, disease-modifying approach to the treatment
of many genetic diseases by upregulating protein expression with
RNA based medicines,” said Edward M. Kaye, M.D., Chief Executive
Officer of Stoke Therapeutics. “Eric’s deep experience leading
global business development and corporate strategy teams, and in
particular his most recent experience working for the foremost
leader in RNA medicine, will make him instrumental in driving
Stoke’s next phase of growth. With Eric and other recent executive
hires, we are building a world-class leadership team with the
expertise and commitment to Stoke’s mission of delivering new
medicines to people living with severe diseases.”
"I’ve had the opportunity to work on significant advances in RNA
therapeutics and rare diseases and look forward to working with the
leadership team at Stoke by contributing my experience and
commitment to patients to fully realize the potential of the TANGO
platform,” said Mr. Olson. “The landmark data announced earlier
this year have generated a lot of excitement and made clear the
opportunity zorevunersen presents to change the way Dravet syndrome
is treated. Just as exciting to me is the opportunity to play a
role in helping the team expand this unique approach to
upregulating protein expression to the treatment of other severe
diseases of the central nervous system and the eye.”
Throughout his career, Mr. Olson has led and supported more than
$15 billion in transaction value for premiere biopharma companies.
Prior to joining Stoke, Mr. Olson served as Vice President, Head of
Business Development at Alnylam Pharmaceuticals, where he led the
Company’s business development strategy, which included overseeing
multiple strategic partnerships. Before joining Alnylam
Pharmaceuticals, Mr. Olson was Vice President, Head of Rare Disease
and Immunology Global Business Development at Takeda where he led
two newly-created global business development therapeutic areas
subsequent to the acquisition of Shire. Mr. Olson held head and
director level roles in business development at Shire, AGCT and
Genzyme, and began his professional career in investment banking as
well as academic research. Mr. Olson holds a MBA from the
University of Virginia Darden School of Business, an MS in Cellular
& Molecular Biology from New York University, and a BA in
Zoology from Connecticut College.
About Stoke Therapeutics Stoke Therapeutics (Nasdaq:
STOK), is a biotechnology company dedicated to restoring protein
expression by harnessing the body’s potential with RNA medicine.
Using Stoke’s proprietary TANGO (Targeted Augmentation of Nuclear
Gene Output) approach, Stoke is developing antisense
oligonucleotides (ASOs) to selectively restore protein levels.
Stoke’s first compound, zorevunersen (STK-001), is in clinical
testing for the treatment of Dravet syndrome, a severe and
progressive genetic epilepsy. Dravet syndrome is one of many
diseases caused by a haploinsufficiency, in which a loss of ~50% of
normal protein levels leads to disease. Stoke is pursuing the
development of STK-002 for the treatment of autosomal dominant
optic atrophy (ADOA), the most common inherited optic nerve
disorder. Stoke’s initial focus is haploinsufficiencies and
diseases of the central nervous system and the eye, although proof
of concept has been demonstrated in other organs, tissues, and
systems, supporting its belief in the broad potential for its
proprietary approach. Stoke is headquartered in Bedford,
Massachusetts with offices in Cambridge, Massachusetts. For more
information, visit https://www.stoketherapeutics.com/.
Cautionary Note Regarding Forward-Looking Statements This
press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995, including, but not limited to, the
ability of zorevunersen to treat the underlying cause of Dravet
syndrome, the timing and expected progress of clinical trials,
regulatory decisions and successful development of zorevunersen and
other product candidates, and the Company’s ability to design
medicines to increase protein production and the expected benefits
thereof. Statements including words such as “will,” “expect,”
“plan,” and “potential” and statements in the future tense are
forward-looking statements. These forward-looking statements
involve risks and uncertainties, as well as assumptions, which, if
they prove incorrect or do not fully materialize, could cause
results to differ materially from those expressed or implied by
such forward-looking statements, including, but not limited to,
risks and uncertainties related to: the Company’s ability to
advance, obtain regulatory approval of, and ultimately
commercialize its product candidates, including STK-001; positive
results in a clinical trial may not be replicated in subsequent
trials; successes in early stage trials may not be predictive of
results in later stage trials; the Company’s ability to fund
development activities and achieve development goals; and other
risks and uncertainties described under the heading “Risk Factors”
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2023, its quarterly reports on Form 10-Q, and the
other documents it files from time to time with the Securities and
Exchange Commission. These forward-looking statements speak only as
of the date of this press release, and the Company undertakes no
obligation to revise or update any forward-looking statements to
reflect events or circumstances after the date hereof.
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version on businesswire.com: https://www.businesswire.com/news/home/20240904969202/en/
Stoke Media & Investor Contacts: Dawn Kalmar Chief
Communications Officer dkalmar@stoketherapeutics.com
781-303-8302
Doug Snow Director, Communications & Investor Relations
IR@stoketherapeutics.com 508-642-6485
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