CAMBRIDGE, Mass.--(BUSINESS WIRE)--
Eleven Biotherapeutics, Inc. (EBIO), a late-stage clinical oncology company advancing novel product candidates based on its Targeted Protein Therapeutics (TPTs) platform, today announced that Richard F. Fitzgerald has been appointed as full time Chief Financial Officer of the Company. Mr. Fitzgerald had been serving in the role on an interim basis since October 2017.
“I’m excited by the opportunity to join Eleven as we finalize enrollment in our Phase 3 VISTA trial and are turning our attention towards preparing for a Biologics License Application (BLA) filing and commercial launch,” said Richard Fitzgerald, Chief Financial Officer of Eleven Biotherapeutics. “I look forward to helping drive ViciniumTM forward as a potential first significant new treatment for non-muscle invasive bladder cancer (NMIBC) in approximately 40 years.”
“2018 is shaping up to be a transformative year for Eleven, and the addition of Richard Fitzgerald, a highly experienced CFO, further solidifies our leadership team and increases the likelihood that our efforts will be successful,” said Gregory Adams, Ph.D., Chief Scientific Officer of Eleven Biotherapeutics. “We are finalizing enrollment in our VISTA trial and expect 3-month data to be released in mid-2018. We are also particularly excited about the ongoing combination study of ViciniumTM and AstraZeneca’s PD-L1 checkpoint inhibitor durvalumab in patients with NMIBC. In addition to showing the safety and efficacy of this combination, the trial will also provide an in-depth assessment of Vicinium’sTM ability to initiate the host anti-tumor immune response that checkpoint inhibitors require to be effective. The biomarker data from this study will help support not only the continued development of ViciniumTM, but also the rest of Eleven’s TPT platform.”
Eleven’s TPT platform is designed specifically to offer patients new therapies that improve upon, and overcome the challenges of, existing therapeutic options. Eleven’s lead TPT, ViciniumTM, is currently in a Phase 3 trial in non-muscle invasive bladder cancer (NMIBC), with topline three-month data expected in mid-2018. In addition to exploring the potential of TPTs as a monotherapy, the Company is committed to building on preclinical evidence that TPTs are capable of promoting a local anti-tumor immune response. Eleven has signed a Cooperative Research and Development Agreement (CRADA) with the National Cancer Institute (NCI) for the evaluation of Eleven's targeted therapeutic, ViciniumTM in combination with AstraZeneca's immune checkpoint inhibitor, ImfinziTM (durvalumab), for the treatment of