- Ran Nussbaum, managing partner and co-founder of The Pontifax Group, joins VBI Board of Directors
- Pontifax’s participation in the recent financing was alongside investments from several new fundamental life sciences institutional funds and insiders, notably Perceptive Advisors
- This financing provides VBI with sufficient runway through headline data from the pivotal Phase III clinical program of the company’s Hepatitis B vaccine, Sci-B-Vac®
VBI Vaccines Inc. (Nasdaq: VBIV) (TSX: VBV) (VBI), a commercial-stage biopharmaceutical company developing next-generation infectious disease and immuno-oncology vaccines, today announced the appointment, effective October 30, 2017, of Ran Nussbaum, co-founder and managing partner of The Pontifax Group, to the company’s Board of Directors. Mr. Nussbaum’s appointment follows The Pontifax Group’s investment in VBI in its recently closed financing, which now provides the company with sufficient runway through headline data from the Sci-B-Vac® pivotal Phase III program for the prevention of Hepatitis B.
“We are honored to have Ran join our Board of Directors,” said Jeff Baxter, VBI’s president and CEO. “Pontifax’s participation in this financing and Ran’s appointment to our Board further progresses our relationship with Israeli strategic investors, represented by Pontifax. Ran will bring a proven track record of broad life sciences business experience, most recently as a founding Board member of Kite Pharma. Alongside the existing expertise on the Board, Ran’s appointment will strengthen VBI’s dynamic and well-rounded Board of Directors.”
“With the upcoming initiation of the Phase III program for Sci-B-Vac®, and continued clinical development of VBI’s pipeline programs, I’m excited to be joining the Board of VBI at such a pivotal time,” said Ran Nussbaum. “I look forward to working with Jeff and the rest of the VBI team and Board.”
The Pontifax Group is a life sciences venture capital firm with an extensive global portfolio focused on unmet needs within the healthcare industry. Prior to joining Pontifax, Mr. Nussbaum was a partner at Israel’s largest business intelligence and strategic consulting firm. Mr. Nussbaum serves, or has served, as a board member on many of Pontifax’s portfolio companies, including Kite Pharma, Keros (as chairman), UroGen Ltd, cCam Biotherapeutics (bought by Merck), Eloxx Pharmaceuticals, and NovellusDX.