RNXT - RenovoRx Appoints Ryan Witt as Senior Vice President Head of Corporate Strategy and Partnerships | Benzinga
LOS ALTOS, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- RenovoRx, Inc. ("RenovoRx" or the "Company") (NASDAQ:RNXT), a clinical-stage biopharmaceutical company developing novel precision oncology therapies based on a local drug-delivery platform, announced today that Ryan Witt has joined the Company in the new role as Senior Vice President, Head of Corporate Strategy and Partnerships.
Mr. Witt's appointment highlights RenovoRx's commitment to explore and execute on clinical and commercial business development opportunities not only for its RenovoGem™ investigational combination product (currently in Phase III clinical development), but also opportunities with the Company's foundational FDA cleared drug-delivery device and other therapeutic agents.
Mr. Witt, who has been a consultant to the Company for the past year, has a strong track record, backed by 15 years of experience, in successfully leading corporate strategy in both medical technology and biopharmaceutical companies. Mr. Witt's leadership in corporate strategy and operational experience includes sourcing, nurturing, negotiating, closing, and managing partnerships across top 25 global biopharma. Formerly, he was Chief Business Officer for Spinogenix, a series B funded, clinical-stage neuroregenerative biopharmaceutical company. Previously, Mr. Witt served as Chief Operating Officer at Immix Biopharma (NASDAQ:IMMX), Head of the Med Program at StartX, Medtech & Digital Health Innovation Hub Director at UCLA Biodesign, and Director of Product & Client Success at a health technology company funded by Novartis. In his spare time, Mr. Witt serves on Biocom's Capital Development Committee where the team hosts Partnering Days with large multinational healthcare companies including Baxter, Bristol Myers Squibb, Daiichi-Sankyo, GSK, Novo Nordisk and Eli Lilly.
"I am thrilled to officially welcome Ryan as our new Senior Vice President, Head of Corporate Strategy and Partnerships," said Shaun Bagai, CEO of RenovoRx. "Ryan brings extensive corporate strategy and operational experience to this role at RenovoRx. He has already provided important value to our efforts, and we are excited to continue to leverage his expertise as we advance our pivotal Phase III clinical trial, expand development opportunities into additional cancers and explore new commercial business development opportunities with our therapeutic technology."
"RenovoRx is at an important juncture, and I am excited to step into this role on a permanent basis," said Mr. Witt. "Building off our collaboration with Imugene and clinical data delivering gemcitabine with our drug-delivery platform, there is incredible potential for RenovoRx's technology. This is particularly apparent after my experience at Immix and working with over 200 leading Stanford-affiliated companies at StartX. I look forward to pulling from my experience in medical technology and biopharmaceuticals to help RenovoRx realize this ...