NovaBridge's Visara Division Names Renowned Ophthalmology Experts as Chief Medical Officer and Chair of Scientific Advisory Board to Advance VIS-101
Leadership Appointments: NovaBridge Biosciences has appointed Cadmus C. Rich, MD, MBA, as Chief Medical Officer and Carlos Quezada-Ruiz, MD, FASRS, as Chair of the Scientific Advisory Board for its subsidiary Visara, enhancing the clinical development expertise for the VIS-101 program.
VIS-101 Overview: VIS-101 is a novel bifunctional biologic targeting VEGF-A and ANG-2, with the potential to set a new standard for treating wet age-related macular degeneration (AMD), diabetic macular edema (DME), and retinal vein occlusion (RVO), and is expected to be Phase-3-ready by 2026.
Expertise of New Leaders: Dr. Rich and Dr. Quezada-Ruiz bring extensive experience in ophthalmology and drug development, with Dr. Rich focusing on clinical functions and Dr. Quezada-Ruiz having a significant background in retinal therapies and regulatory approvals.
Company Vision: The appointments reflect NovaBridge's strategic transformation into a global biotech platform, emphasizing its commitment to innovative therapies and the advancement of VIS-101 to meet unmet medical needs in ophthalmology.
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- New Board Member: Vivani Medical has appointed August Moretti to its board, whose extensive experience across all phases of company growth will be instrumental in advancing the clinical development of NPM-139.
- Technology-Driven Development: Moretti will serve as chair of the Audit Committee and a member of the Compensation Committee, and his financial expertise is expected to enhance the company's utilization of its NanoPortal™ technology to address chronic diseases.
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- Board Transition: Concurrently, Dr. Dean Baker announced his retirement, concluding a distinguished tenure during which he provided critical guidance for the company's merger, reflecting the company's ongoing adaptability and leadership evolution.
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- Market Reaction: Despite the EPS miss, the robust revenue growth may bolster investor confidence in the company's future prospects, particularly in the increasingly competitive biotechnology sector.
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- Equity Grant Context: The RSUs were awarded under the Company's 2025 Employment Inducement Award Plan, in compliance with Rule 5635(c)(4) of The Nasdaq Global Market, aimed at fostering a sense of belonging and increasing employee engagement through equity incentives.
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