The following excerpt is from the company's SEC filing.
NEWTON, Mass., April 7, 2021 Allena Pharmaceuticals, Inc. (NASDAQ: ALNA), a late-stage biopharmaceutical company dedicated to developing and
oral enzyme therapeutics to treat patients with rare and severe metabolic and kidney disorders, today announced the appointment of Mark
J. Fitzpatrick to its board of directors.
Mark is an experienced industry executive, who has led financial strategy at biopharmaceutical companies
across all stages of development, said Louis Brenner, M.D., President and Chief Executive Officer of Allena Pharmaceuticals. His extensive expe rience working with late-stage, rare disease companies will be particularly valuable as we
continue to advance our ongoing Phase 3
clinical trial and begin preparing for the potential launch of reloxaliase as a
treatment for enteric hyperoxaluria.
Mr. Fitzpatrick brings over 30 years of operational and financial management experience to Allena. Most recently, he spent six years at Chiasma, Inc.
where he served initially as Chief Financial Officer and subsequently President and Chief Executive Officer, and played an integral role in securing U.S. Food and Drug Administration (FDA) approval of MYCAPSSA
for the treatment of acromegaly. Prior to Chiasma, he served as Chief Financial Officer for several biopharmaceutical companies. In these roles, Mr. Fitzpatrick raised over $1.5 billion
in both public and private equity and debt financings, and helped negotiate strategic collaborations with both large pharmaceutical companies and commercial contract manufacturers. Mr. Fitzpatrick began his career at Arthur Andersen LLP and
holds a B.S. in Accounting from Boston College.
I am delighted to join Allenas board of directors, said Mr. Fitzpatrick.
Based on the data generated to date and its unique mechanism of action, I believe reloxaliase has the potential to revolutionize the treatment of enteric hyperoxaluria, providing patients with the first therapeutic option specifically
developed for their disease. I am eager to lend my expertise to help advance this program, while also supporting Allena in the development of its broader pipeline, including
for the treatment of
patients with hyperuricemia and chronic kidney disease.
In conjunction with Mr. Fitzpatricks appointment, Allena announced that board
members James Topper, M.D., Ph.D., managing general partner at Frazier Healthcare and a founding member of the companys board of directors since 2011, and Andrew A. F. Hack, M.D., Ph.D., a member of the companys board of directors since
2018, will not stand for
at the Companys annual meeting in June.
On behalf of the entire
Allena team, I want to thank Jamie and Andrew for their service, said Alexey Margolin, Ph.D., Chairman of the Board of Allena Pharmaceuticals. Jamie has been a supportive, committed member of Allenas board since the inception of
the company and we are grateful for his many years of dedication and guidance. Together, Jamie and Andrew have contributed many important insights, which have been instrumental in enabling Allena to expand its clinical-stage pipeline and pursue its
vision of building a public, fully-integrated, patient-focused biopharmaceutcal company.
About Allena Pharmaceuticals
Allena Pharmaceuticals, Inc. is a late-stage biopharmaceutical company dedicated to discovering, developing and commercializing
oral biologic therapeutics to treat patients with rare and severe metabolic and kidney disorders. Allenas lead product candidate, reloxaliase, is
currently being evaluated in a pivotal Phase 3 clinical program for the treatment of enteric hyperoxaluria, a metabolic disorder characterized by markedly elevated urinary oxalate levels and commonly associated with kidney stones, chronic kidney
disease and other serious kidney disorders. Allena is also developing
for the treatment of hyperuricemia in the setting of gout and advanced chronic kidney disease, with a Phase 1 multiple-ascending
dose study and a Phase 2a program planned for 2021.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without
limitation, statements concerning the future composition of the Board of Directors. Any forward-looking statements in this press release are based on managements current expectations of future events and are subject to a number of risks and
uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: market and other
conditions, the timing for completion of Allenas clinical trials of its product candidates, risks associated with obtaining, maintaining and protecting intellectual property; risks associated with Allenas ability to enforce its
patents against infringers and defend its patent portfolio against challenges from third parties; the risk of competition from other companies developing products for similar uses; risk associated with Allenas financial condition and its need
to obtain additional funding to support its business activities, including the future clinical development of reloxaliase and its ability to continue as a going concern; risks associated with Allenas dependence on third parties; and risks
related to the
coronavirus. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Allenas actual results to differ from those contained in
the forward-looking statements, see the section entitled Risk Factors in Item 1A of Part I of Allenas Annual Report
on Form 10-k for
the period ended December 31,
2020, as well as discussions of potential risks, uncertainties and other important factors in Allenas subsequent filings with the Securities and Exchange Commission. All information in this press release is as of the date of the release,
and Allena undertakes no duty to update this information unless required by law.
Stern Investor Relations, Inc.
Berry & Company Public Relations
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Submission of Matters to a Vote of Security - Aug. 4, 2022
Allena Pharmaceuticals: Confidential, For Use Of The Commission Only (As Permitted By Rule - July 13, 2022
Allena Pharmaceuticals: Confidential, For Use Of The Commission Only (As Permitted By Rule - July 12, 2022
Allena Pharmaceuticals: New Meeting Date And New Record Date For - July 12, 2022