LEXINGTON, Mass., May 3, 2017 /PRNewswire/ -- Pulmatrix, Inc. (NASDAQ: PULM) a clinical stage biotechnology company
developing inhaled therapies for the treatment of significant unmet needs in respiratory diseases, today announced the
appointment of Ted Raad as Chief Business Officer. In this newly created position, Mr. Raad will
provide strategic business leadership as the company advances its programs through clinical development and partnership
opportunities.
"Ted is a proven leader in the commercial development of products with significant experience in Respiratory indications and
Infectious Diseases. His vision and skill set are perfectly suited to advance our pipeline products built around our proprietary
iSPERSE inhaled dry powder technology," said Robert Clarke, PhD, CEO of Pulmatrix. "His later
stage and commercial experience on asthma/COPD and anti-infective drugs is a perfect complement to the R&D and development
expertise of the Pulmatrix team. We're looking forward to Ted helping us build an integrated company that will bring needed
therapies to patients and opportunities for investors."
Most recently as Chief Commercial Officer at Option Care, Ted helped separate the specialty home infusion business unit from
Walgreens to create the nation's largest independent home infusion provider where he continued to run all commercial functions
for the business. Prior to that, he was a business unit head at Sunovion with overall commercial responsibility for its CNS
and respiratory products, including assets in asthma and COPD. During his tenure at Sunovion, Ted launched multiple products in
respiratory and led successful strategic alliances in the US and Japan. Earlier in his career,
Ted was involved in the launch of Sporanox, Janssen's oral itraconazole product to treat fungal infections. Ted received a BS in
Business Administration from University of Colorado at Boulder and an MBA from Thunderbird Global
School of Global Management.
About Pulmatrix
Pulmatrix is a clinical stage biopharmaceutical company developing innovative inhaled therapies to address serious
pulmonary disease using its patented iSPERSE™ technology. The Company's proprietary product pipeline is focused on advancing
treatments for rare diseases, including PUR1900, an inhaled anti-fungal for patients with cystic fibrosis (CF) and severe asthma.
In addition, Pulmatrix is pursuing opportunities in major pulmonary diseases through collaborations, including PUR0200, a branded
generic in clinical development for chronic obstructive pulmonary disease (COPD). Pulmatrix's product candidates are based on
iSPERSE™, its proprietary dry powder delivery platform, which seeks to improve therapeutic delivery to the lungs by maximizing
local concentrations and reducing systemic side effects to improve patient outcomes.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release that are forward-looking and not statements of historical fact are
forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. The Company cautions that such statements involve risks and uncertainties that may materially affect the Company's results
of operations. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and
information currently available to management. Actual results could differ materially from those contemplated by the
forward-looking statements as a result of certain factors, including but not limited to the ability to establish that potential
products are efficacious or safe in preclinical or clinical trials; the ability to establish or maintain collaborations on the
development of therapeutic candidates; the ability to obtain appropriate or necessary governmental approvals to market potential
products; the ability to obtain future funding for developmental products and working capital and to obtain such funding on
commercially reasonable terms; the Company's ability to manufacture product candidates on a commercial scale or in collaborations
with third parties; changes in the size and nature of competitors; the ability to retain key executives and scientists; and the
ability to secure and enforce legal rights related to the Company's products, including patent protection. A discussion of these
and other factors, including risks and uncertainties with respect to the Company, is set forth in the Company's annual report on
Form 10-K filed by the Company with the Securities and Exchange Commission on March 10, 2017. The
Company disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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SOURCE Pulmatrix, Inc.