ORIC Pharmaceuticals Appoints Matt Panuwat as Chief Business Officer
SAN FRANCISCO, Nov. 26, 2018 /PRNewswire/ — ORIC Pharmaceuticals, a clinical-stage oncology company focused on discovery and development of novel therapies against treatment-resistant cancers, today announced that Matt Panuwat has been appointed Chief Business Officer. Mr. Panuwat will serve on the executive leadership team and will lead business and corporate development for ORIC.
“ORIC continues to attract top talent to its leadership team with our newest addition, Matt Panuwat. Over the past two decades, his work in the biotechnology industry has spanned a broad range of scientific, financial and strategic positions,” said Jacob Chacko, MD, Chief Executive Officer of ORIC. “Matt’s prior leadership roles at Prothena and Medivation, along with his experience as a healthcare investment banker, will be critical to ORIC’s future as we expand our internal pipeline of agents targeting oncology resistance and look to establish partnerships related to our existing programs.”
“I am excited to join ORIC, which is at the forefront of developing therapies that can overcome resistance in cancer for the benefit of patients,” said Mr. Panuwat. “ORIC’s scientific underpinnings, its accomplished founders and investors, and its commitment to developing and augmenting a robust pipeline of novel agents make this a uniquely compelling opportunity.”
Prior to joining ORIC, Mr. Panuwat was Senior Vice President of Business Development at Prothena, where he led partnership activities and established the company’s global research & development collaboration with Celgene. Prior to Prothena, he was Head of Business Development at Medivation, where he led M&A and licensing activities, including the acquisition of talazoparib from BioMarin, until Medivation’s acquisition by Pfizer. He was also previously in corporate development at Questcor until its merger with Mallinckrodt, and spent nearly a decade in the Global Healthcare Investment Banking Group at Merrill Lynch. He holds a BS in Biology from Santa Clara University, an MS in Physiology and Biophysics from Georgetown University, and an MBA from UCLA.
About ORIC Pharmaceuticals
ORIC is a privately-held pharmaceutical company dedicated to discovering and developing novel therapies for treatment-resistant cancers. While recent advances with targeted therapeutics have extended prognoses in many disease settings, cancers often develop resistance to these drugs. ORIC has assembled a world-class scientific team dedicated to the discovery of therapies that can meaningfully improve clinical outcomes for these patients.
ORIC was founded by two world-class experts in oncology, Dr. Charles Sawyers and Dr. Scott Lowe, who have strong records of discovering innovative treatments and targets for cancer. ORIC has assembled a team of highly-experienced scientists who are executing multiple drug discovery strategies targeting the mechanisms that allow tumors to become resistant to current therapies. In addition, the scientific team has unparalleled access to the operational expertise of advisors who have devoted their careers to oncology drug development. Finally, the Company is supported by investors with extensive experience in both drug development and the financing of life science companies.
ORIC Pharmaceuticals is headquartered in South San Francisco, California. For more information, please visit the Company’s website at http://www.oricpharma.com.
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