Aerovate Therapeutics Board Of Directors Appoints Habib Dable As Board Chair
Portfolio Pulse from Benzinga Newsdesk
Aerovate Therapeutics, Inc. (NASDAQ:AVTE) announced the appointment of Habib Dable as Chair of the Board, succeeding Mark Iwicki. Dable's extensive experience in drug development and commercialization is highlighted as valuable for Aerovate's future, especially with the upcoming Phase 2b data readout of AV-101 in PAH and the ongoing Phase 3 trial. AV-101, a dry powder inhaled formulation of imatinib for PAH, has shown promise in Phase 1 trials and is currently in Phase 3 to evaluate its safety and efficacy.
March 06, 2024 | 1:11 pm
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POSITIVE IMPACT
Habib Dable's appointment as Board Chair of Aerovate Therapeutics is expected to positively influence the company's strategic direction, especially with the critical Phase 2b and Phase 3 trials of AV-101 in PAH underway.
Dable's extensive background in drug development and commercialization, including leading a $11.5 billion sale to Merck & Co., suggests his leadership could significantly benefit Aerovate's strategic initiatives, particularly the development and potential commercialization of AV-101. His appointment comes at a crucial time with the upcoming Phase 2b data readout and ongoing Phase 3 trial of AV-101, potentially impacting investor confidence and the company's stock price positively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100