SECURITIES AND EXCHANGE COMMISSION
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|Item 5.02|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 15, 2022, the Board of Directors (the “Board”) of Magenta Therapeutics, Inc. (the “Company”) unanimously appointed Michael Vasconcelles to the Board. Upon his appointment to the Board, Dr. Vasconcelles became a member of the slate of class I directors with terms expiring at the Company’s 2025 Annual Meeting of Stockholders, filling the vacancy on the Board resulting from Alexis Borisy not being nominated for re-election at the Company’s 2022 Annual Meeting of Stockholders. The Board has determined that Dr. Vasconcelles qualifies as an independent director and is qualified to serve under the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) and the listing rules of the Nasdaq Stock Market LLC. The Board also appointed Dr. Vasconcelles to serve as a member of the Board’s Nominating and Corporate Governance Committee and R&D Committee. For his service on the Board, Dr. Vasconcelles will receive the same compensation as other non-management directors. Dr. Vasconcelles has also entered into the Company’s standard form of indemnification agreement.
Dr. Vasconcelles is a medical oncologist with more than 30 years of experience in research, medical operations, clinical trial design and strategic leadership in healthcare. From 2019 to 2022 he served as Chief Medical Officer at Flatiron Health, a healthtech company dedicated to improving cancer treatment and advancing research. Prior to joining Flatiron, Dr. Vasconcelles served from 2015 to 2019 as Chief Medical Officer at Unum Therapeutics, a cell and gene therapy company developing autologous engineered T-cell products for the treatment of cancer. Prior to Unum, Dr. Vasconcelles worked at Takeda/Millennium from 2012 to 2015, where he was Senior Vice President and head of the oncology therapy area unit. Prior to Takeda/Millennium, from 2000 to 2011 Dr. Vasconcelles was Group Vice President and the global therapeutic area head, transplant and oncology, at Genzyme Corporation, where he was responsible for clinical development of the transplant and oncology portfolio and a member of the Transplant and Oncology Business Unit management team. Following Sanofi’s acquisition of Genzyme, Dr. Vasconcelles worked at Sanofi Oncology from 2011 to 2012 as head, personalized medicine and companion diagnostics. Dr. Vasconcelles currently serves on the board of directors of Molecular Partners, a clinical-stage biotech based in Zurich, Switzerland, where he has served as director since 2020.
From 1996 to 2021 Dr. Vasconcelles taught as a clinical instructor at Harvard Medical School, and he is currently an associate physician at the Dana-Farber Cancer Institute and the Brigham & Women’s Hospital, where he has served since 1996. Dr. Vasconcelles completed his postgraduate training in internal medicine at the Beth Israel Hospital and in hematology-oncology at the Brigham and Women’s Hospital, and he received his B.A. and M.D. from Northwestern University.
There are no arrangements or understandings between Dr. Vasconcelles and any other persons pursuant to which he was appointed as a director of the Company. There are no family relationships between Dr. Vasconcelles and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
|Item 7.01|| |
Regulation FD Disclosure.
On August 17, 2022 the Company issued a press release related to Dr. Vasconcelles’ appointment to the Board. The full text of the Company’s press release is filed herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
|Item 8.01|| |
On August 15, 2022, the Company and its Chief Medical Officer, Jeffrey Humphrey, parted ways, which was not the result of any disagreement with the Company. Dr. Humphrey is free to pursue other opportunities subject to certain restrictive covenants under his agreements with the Company. Dr. Humphrey has played an important role in helping to build the Company’s clinical development organization.
Effective immediately, Shawn Rose, M.D., Ph.D., Senior Vice President, will assume the role of Senior Vice President and Head of Clinical Development and take on additional responsibilities to advance the Company’s clinical development programs. Dr. Rose joined the Company in February 2022, leading the Company’s medical and safety operations. Prior to joining the Company, Dr. Rose served as Vice President, Clinical Development of Annexon Biosciences where he served as the Head of Immunology Development and Clinical Pharmacology, and prior to that, Dr. Rose had roles of increasing responsibility in clinical development in immunology and translational medicine at Janssen and Bristol Myers Squibb.
|Item 9.01|| |
Financial Statements and Exhibits.
The following exhibit relating to Item 7.01 shall be deemed to be furnished and not filed:
|99.1||Press Release dated August 17, 2022.|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document).|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|MAGENTA THERAPEUTICS, INC.|
|Date:||August 17, 2022|
/s/ Stephen Mahoney
|Title:||Chief Financial and Operating Officer|
Magenta Therapeutics Appoints Michael Vasconcelles, M.D. to the Board of Directors
Cambridge, MA August 17, 2022 Magenta Therapeutics (Nasdaq: MGTA), a clinical-stage biotechnology company developing novel medicines designed to bring the curative power of stem cell transplant to more patients, today announced that it has appointed Michael Vasconcelles, M.D. to its board of directors. Dr. Vasconcelles will also serve on the companys R&D Committee and Nominating and Corporate Governance Committee.
We are delighted to welcome Mike Vasconcelles to the Magenta board, said Jason Gardner, D.Phil., President and Chief Executive Officer, Magenta Therapeutics. Dr. Vasconcelles brings deep experience in research, medical operations, clinical trial design and strategic leadership in healthcare. His diverse expertise in research and development, as well as regulatory affairs, will be invaluable to Magenta as we continue to advance our programs in the clinic and build a company focused on patients with blood cancers, genetic diseases and autoimmune diseases.
Magenta has a vision to revolutionize the field of stem cell transplant to allow many more patients to benefit from its potential curative power, said Dr. Vasconcelles. I look forward to working with the team at Magenta to help them bring their potentially transformative therapies to patients across multiple disease areas.
Dr. Vasconcelles most recently served as Chief Medical Officer at Flatiron Health, a healthtech company dedicated to improving cancer treatment and advancing research. Prior to joining Flatiron, Dr. Vasconcelles served as Chief Medical Officer at Unum Therapeutics, a Cambridge, Massachusetts, cell and gene therapy company developing autologous engineered T-cell products for the treatment of cancer. Prior to Unum, Dr. Vasconcelles spent several years at Takeda/Millennium, where he was Senior Vice President and head of the oncology therapy area unit. Prior to Takeda/Millennium, Dr. Vasconcelles was Group Vice President and the global therapeutic area head, transplant and oncology, at Genzyme Corporation, where he was responsible for clinical development of the transplant and oncology portfolio and a member of the Transplant and Oncology Business Unit management team. Following Sanofis acquisition of Genzyme, Dr. Vasconcelles joined Sanofi Oncology as head, personalized medicine and companion diagnostics.
Dr. Vasconcelles taught as a clinical instructor at Harvard Medical School from 1996 to 2021, and he is currently an associate physician at the Dana-Farber Cancer Institute and the Brigham & Womens Hospital. Dr. Vasconcelles also serves on the board of directors at Molecular Partners, a clinical-stage biotech based in Zurich, Switzerland. Dr. Vasconcelles completed his postgraduate training in internal medicine at the Beth Israel Hospital and in hematology-oncology at the Brigham and Womens Hospital, and he received his B.A. and M.D. from Northwestern University.
About Magenta Therapeutics
Magenta Therapeutics is a clinical-stage biotechnology company developing medicines designed to bring the curative power of stem cell transplant to more patients with blood cancers, genetic diseases and autoimmune diseases. Magenta is combining leadership in stem cell biology and biotherapeutics development with clinical and regulatory expertise to revolutionize immune and blood reset to allow more patients to take advantage of the curative potential of stem cell transplant as well as potentially improve eligibility for future gene therapies.
Magenta is based in Cambridge, Mass. For more information, please visit www.magentatx.com.
Follow Magenta on Twitter: @magentatx.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, as amended. These statements include, without limitation, implied and express statements relating to: Magentas future business expectations, plans and prospects; the potential of, and expectations for, Magentas product candidate pipeline; the potential benefits and expected performance of Magentas product candidates and programs; the development of product candidates and advancement of preclinical and clinical programs; expectations, plans and timing for preclinical activities, clinical trials and related results involving Magentas product candidates; timing for the receipt and disclosure of preclinical and clinical trial data, clinical toxicology results, and other results involving Magentas product candidates; timing for the disclosure of developmental timelines, developmental plans and program updates regarding Magentas product candidates; and timelines and expectations for patient dosing, dosing regimens and administration.
Words such as anticipate, believe, continue, could, designed, endeavor, estimate, expect, intend, may, might, plan, potential, predict, project, seek, should, target, preliminary, will, would and similar expressions are intended to identify forward-looking statements. The express or implied forward-looking statements included in this press release are only predictions and are subject to a number of risks, uncertainties and assumptions, including, without limitation: volatility and uncertainty in the capital markets for biotechnology companies; uncertainties inherent in preclinical and clinical trials, and in the availability and timing of data from ongoing and planned clinical and preclinical trials; the ability to initiate, enroll, conduct or complete ongoing and planned preclinical and clinical trials; vulnerability and/or fragility of, and the presence of underlying disorders in, the patient population for the clinical trials of Magentas product candidates, including the MGTA-117 Phase 1/2 clinical trial in patients with relapsed/refractory AML and MDS; the delay of any current or planned preclinical or clinical trials, or the delay in development of Magentas product candidates; whether results from preclinical or earlier clinical trials will be predictive of the results of future trials; interactions with regulatory agencies such as the U.S. Food and Drug Administration; the expected timing of submissions for regulatory approval to conduct or continue trials or to market products; Magentas ability to successfully demonstrate the safety and efficacy of its product candidates; whether Magentas cash resources will be sufficient to fund Magentas foreseeable and unforeseeable operating expenses and capital expenditure requirements; and risks, uncertainties and assumptions regarding the impact of the continuing COVID-19 pandemic on Magentas business, operations, preclinical activities, clinical trials, strategy, goals and anticipated timelines. These and other risks are described in additional detail in Magentas Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, filed on August 4, 2022, and its other filings made with the Securities and Exchange Commission from time to time. Any forward-looking statements contained in this press release represent Magentas views only as of today and should not be relied upon as representing its views as of any subsequent date. Magenta explicitly disclaims any obligation to update any forward-looking statements, except to the extent required by law.
Jill Bertotti, Real Chemistry (advisor to Magenta)