WARREN, N.J., Nov. 30, 2017 (GLOBE NEWSWIRE) -- Bellerophon Therapeutics, Inc. (Nasdaq:BLPH), a clinical-stage
biotherapeutics company, today announced the appointment of Ted Wang, Ph.D., Chief Investment Officer of Puissance Capital
Management, to its Board of Directors. Bellerophon’s Board now includes 10 members.
Dr. Wang is the Chief Investment Officer of Puissance Capital Management, a global asset manager founded in 2015 with offices in
the U.S. and China. Puissance was the lead investor in Bellerophon’s recently completed $23.4 million private placement.
Prior to founding Puissance, Dr. Wang was a Partner of Goldman Sachs & Co. in New York. During his 18-year tenure at Goldman Sachs,
he held many leadership positions, most recently as Co-Head of U.S. Equities Trading and Global Co-Head of One Delta Trading and a
member of the Goldman Sachs Risk Committee. Dr. Wang holds a Ph.D. in Physics from the University of Minnesota, an M.B.A. from the
University of Texas, Austin, and a B.S. from Fudan University, China.
“We are very pleased to welcome Ted to our Board,” said Jonathan Peacock, Chairman of the Board of Directors of Bellerophon
Therapeutics. “He shares our excitement for the potential of the INOpulse platform and has already built a great relationship
with the Company. We know that Ted will bring great value in working with the Board to help guide the future development of
Bellerophon.”
“I am pleased to be joining Bellerophon’s Board at such an exciting time in the Company’s development,” said Dr. Wang.
“With a strong balance sheet and rapidly developing programs in PAH, and Pulmonary Hypertension associated with Interstial Lung
Disease and COPD, Bellerophon is well-positioned for future success. I look forward to working with the Board and supporting
the Company’s continued development.”
About Bellerophon
Bellerophon Therapeutics is a clinical-stage biotherapeutics company focused on developing innovative therapies at the
intersection of drugs and devices that address significant unmet medical needs in the treatment of cardiopulmonary diseases. The
Company is currently developing three product candidates under its INOpulse program, a proprietary pulsatile nitric oxide delivery
system. The first is for the treatment of pulmonary arterial hypertension (PAH), for which the Company has commenced Phase 3
clinical trials. The second is for the treatment of pulmonary hypertension associated with chronic obstructive pulmonary disease
(PH-COPD) and the third candidate is for the treatment of pulmonary hypertension associated with Interstitial Lung Disease
(PH-ILD), both of which are in Phase 2 development. For more information, please visit www.bellerophon.com.
Forward-looking Statements
Any statements in this press release about Bellerophon’s future expectations, plans and prospects, including statements about
the clinical development of its product candidates, regulatory actions with respect to the Company’s clinical trials and
expectations regarding the sufficiency of the Company’s cash balance to fund clinical trials, operating expenses and capital
expenditures, and other statements containing the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions, constitute
forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by such forward-looking statements as a result of various important factors, including: the
uncertainties inherent in the initiation of future clinical trials, availability and timing of data from ongoing and future
clinical trials and the results of such trials, whether preliminary or interim results from a clinical trial will be predictive of
the final results of that trial or whether results of early clinical trials will be indicative of the results of later clinical
trials, expectations for regulatory approvals, the FDA’s substantial discretion in the approval process, availability of funding
sufficient for our foreseeable and unforeseeable operating expenses and capital expenditure requirements and other factors
discussed in the “Risk Factors” section of the Company’s most recent filings with the Securities and Exchange Commission. In
addition, any forward-looking statements included in this press release represent Bellerophon’s views only as of the date of this
release and should not be relied upon as representing the Company’s views as of any subsequent date. The Company specifically
disclaims any obligation to update any forward-looking statements included in this press release.
Contacts
At Bellerophon:
Fabian Tenenbaum, Executive Officer
(908) 574-4767
At LifeSci Advisors:
Brian Ritchie
(212) 915-2578
britchie@lifesciadvisors.com
