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Calidi Biotherapeutics Announces Chief Executive Officer Transition and Appointment of Eric Poma, Ph.D. as CEO and Director

MWN-AI** Summary

Calidi Biotherapeutics Inc. (NYSE American: CLDI), a San Diego-based clinical-stage biotechnology company specializing in targeted antitumor virotherapies, has announced a leadership transition. Effective April 22, 2025, Eric Poma, Ph.D., has been appointed as the new Chief Executive Officer (CEO) and a member of the Board of Directors, succeeding Allan Camaisa, who will remain on the board.

The Chairman of the Board, James Schoeneck, expressed enthusiasm for Dr. Poma's broad experience in life sciences, particularly in oncology as Calidi prepares to advance its systemic enveloped virotherapy platform. Dr. Poma's appointment comes at a pivotal time as the company readies for clinical trials of its lead candidate, CLD-201, in adult patients with solid tumors. Dr. Poma highlighted his excitement about joining Calidi and his aim to accelerate the development of its innovative therapies, built upon the solid groundwork laid by Mr. Camaisa.

With over 30 years in the biopharmaceutical industry, Dr. Poma has a successful history of fundraising and developing clinical programs. Before joining Calidi, he was the CEO of Molecular Templates (NASDAQ: MTEM), where he raised substantial capital and formed significant partnerships. His previous roles also include being a business development VP at Innovive Pharmaceuticals and a healthcare analyst.

Mr. Camaisa expressed pride in achieving Calidi's first FDA-approved Investigational New Drug application for CLD-201 and expressed confidence in Dr. Poma's leadership to guide the company forward. Calidi Biotherapeutics continues its mission to innovate within the immuno-oncology space, leveraging proprietary technology to empower the immune system against cancer.

MWN-AI** Analysis

Calidi Biotherapeutics (NYSE American: CLDI) has announced a significant leadership transition with the appointment of Eric Poma, Ph.D., as the new CEO, effective April 22, 2025. This move comes at a pivotal time for the clinical-stage biotechnology company, which is advancing novel virotherapies targeting solid tumors. Dr. Poma, a seasoned executive with over 30 years of biopharmaceutical experience, is expected to drive strategic initiatives and enhance shareholder value amid Calidi's clinical advancements, particularly the upcoming trials of CLD-201 and other therapeutic programs.

Investors should note the potential implications of this leadership change. Dr. Poma's background in capital fundraising and partnerships with major pharmaceutical companies positions him well to secure necessary funding and collaboration agreements, which are critical as Calidi moves into trial phases with its virotherapy platforms. His previous success in raising substantial equity financing (over $250 million at Molecular Templates) and establishing collaborations with industry giants like Takeda and Vertex should instill confidence in stakeholders regarding future financing and strategic growth.

Moreover, the company's focus on systemic enveloped virotherapy is promising, especially as it seeks to address complex oncology treatments. The clinical stage position of its platforms could lead to substantial market opportunities if the therapies demonstrate efficacy and safety in future trials.

However, investors should remain prudent. The biotechnology sector is fraught with risks including the challenge of achieving regulatory approvals and the uncertainties inherent in clinical trial outcomes. The first clinical results will be crucial in evaluating both the viability of Calidi’s programs and Dr. Poma’s impact on the company.

In summary, while the leadership change provides a fresh impetus for Calidi Biotherapeutics, keeping a cautious eye on clinical developments and capital strategies will be essential for prospective and current investors in weighing the potential rewards against the inherent risks of the biopharmaceutical landscape.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

SAN DIEGO, April 23, 2025 (GLOBE NEWSWIRE) -- Calidi Biotherapeutics Inc. (NYSE American: CLDI) (“Calidi”), a clinical-stage biotechnology company developing a new generation of targeted antitumor virotherapies, today announced the succession of its Chief Executive Officer (“CEO”), Allan Camaisa, to Eric Poma, Ph.D., who was appointed as CEO and member of the Board of Directors of Calidi (“Board”), effective April 22, 2025. Mr. Camaisa will continue to serve as a member of the Board.

“We are pleased to welcome Eric as Calidi’s new CEO, given his deep experience in life science leadership with a focus on oncology, as Calidi advances its systemic enveloped virotherapy platform to the clinic and prepares for a company sponsored, dose escalation trial of CLD-201 in adult patients with solid tumors,” said Mr. James Schoeneck, Chairman of the Board. “On behalf of the Board, we would like to thank Allan for his visionary leadership in advancing a new platform with unique mechanisms of action in the treatment of cancer and look forward to his continued service on the Board.”

“I am thrilled to be joining Calidi at this exciting time, as the company progresses RTNova, its systemic, enveloped virotherapy platform with transient gene therapy payload delivery to the clinic with CLD-400 and continues to advance its CLD-101 and CLD-201 programs clinically,” said Dr. Poma. “I appreciate the solid foundation Allan has established at Calidi, the strong team that he has assembled and the opportunity to advance these groundbreaking therapies. I look forward to leveraging my experience not only as a biotech CEO, but also as a former business development executive and healthcare fund analyst, to drive and increase shareholder value.”

Dr. Poma brings more than 30 years of experience in the biopharmaceutical industry, with a strong record of capital fundraising, big pharma collaboration agreements, and clinical program development. Prior to joining Calidi, Dr. Poma served as CEO of Molecular Templates (NASDAQ: MTEM), a clinical-stage biotech focused on the development of a novel class of therapeutic agents with unique biology in oncology. At Molecular Templates he raised over $250 million in equity financing and secured over $150 million in strategic capital through agreements with Takeda, Vertex and BMS. He previously served as Vice President, Business Development of Innovive Pharmaceuticals. Prior to that he held various senior level positions at Imclone Systems, Inc., primarily in business development. Earlier, Dr. Poma served as a Healthcare & Biotechnology Analyst with the healthcare fund Eagle Growth Investors, LLC. Dr. Poma received a Ph.D. in Microbiology and Immunology from the University of North Carolina at Chapel Hill, an M.B.A. from the Leonard N. Stern School of Business and a Bachelor of Science in Biology from the University of North Carolina at Chapel Hill.

“As the Company progresses with its clinical and preclinical programs, Calidi will benefit from Eric’s over 30 years of leadership experience in the biopharmaceutical industry, having secured significant equity investments and big pharma collaborations,” stated Mr. Camaisa. “I am proud to have achieved our first company-sponsored FDA approved IND for CLD-201 and now, with this transition, I look forward to supporting the advancement of the Company as a Calidi board member and I am confident and excited about Calidi’s future under Eric’s leadership.”

About Calidi Biotherapeutics

Calidi Biotherapeutics (NYSE American: CLDI) is a clinical-stage immuno-oncology company with proprietary technology designed to arm the immune system to fight cancer. Calidi’s novel stem cell-based platforms are utilizing potent allogeneic stem cells capable of carrying payloads of oncolytic viruses for use in multiple oncology indications, including high-grade gliomas and solid tumors. Calidi’s clinical stage off-the-shelf, universal cell-based delivery platforms are designed to protect, amplify, and potentiate oncolytic viruses leading to enhanced efficacy and improved patient safety. Calidi’s preclinical off-the-shelf enveloped virotherapies, are designed to target disseminated solid tumors. This dual approach can potentially treat, or even prevent, metastatic disease. Calidi Biotherapeutics is headquartered in San Diego, California. For more information, please visit www.calidibio.com .

Forward-Looking Statements

This press release may contain forward-looking statements for purposes of the “safe harbor” provisions under the United States Private Securities Litigation Reform Act of 1995. Terms such as “anticipates,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predicts,” “project,” “should,” “towards,” “would” as well as similar terms, are forward-looking in nature, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements concerning upcoming key milestones (including the reporting of interim clinical results and the dosing of patients), planned clinical trials, and statements relating to the safety and efficacy of Calidi’s therapeutic candidates in development. Any forward-looking statements contained in this discussion are based on Calidi’s current expectations and beliefs concerning future developments and their potential effects and are subject to multiple risks and uncertainties that could cause actual results to differ materially and adversely from those set forth or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that Calidi is not able to raise sufficient capital to support its current and anticipated clinical trials, the risk that early results of clinical trials do not necessarily predict final results and that one or more of the clinical outcomes may materially change following more comprehensive review of the data, and as more patient data becomes available, the risk that Calidi may not receive FDA approval for some or all of its therapeutic candidates. Other risks and uncertainties are set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Registration Statements filed with the SEC on (i) Form S-4 filed on August 2, 2023 and the corresponding prospectus filed on August 4, 2023, and (ii) on Form S-1 filed on April 15, 2024, and the Company’s periodic reports filed with the SEC on (i) Form 10-K filed on March 31, 2025. These reports may be amended or supplemented by other reports we file with the SEC from time to time.

Corporate Communications:

Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CLDI@redchip.com

Source: Calidi Biotherapeutics, Inc.


FAQ**

How does the recent appointment of Eric Poma as CEO impact Calidi Biotherapeutics' strategy and its potential collaborations in oncology, particularly under the framework of Exchange Traded Concepts Trust FLAG-Forensic Accounting Long-Short FLAG?

Eric Poma's appointment as CEO of Calidi Biotherapeutics may enhance the company's strategic direction and foster potential collaborations in oncology by leveraging his expertise, which aligns with the innovative investment focus of the Exchange Traded Concepts Trust FLAG.

Considering Eric Poma's extensive experience, what specific fundraising strategies does Calidi plan to implement moving forward, and how might these relate to Exchange Traded Concepts Trust FLAG-Forensic Accounting Long-Short FLAG objectives?

Calidi plans to leverage Eric Poma's extensive network and expertise in biotech fundraising strategies, focusing on private placements and institutional partnerships that align with FLAG's objectives of enhancing transparency and value through forensic accounting in targeted investments.

With the transition in leadership, what are the anticipated key milestones for Calidi Biotherapeutics in relation to its dose escalation trial of CLD-201 and its alignment with the Exchange Traded Concepts Trust FLAG-Forensic Accounting Long-Short FLAG themes?

With the leadership transition, Calidi Biotherapeutics is expected to achieve key milestones in its CLD-201 dose escalation trial, including updated trial data, potential regulatory interactions, and enhanced alignment with FLAG themes focusing on innovation, risk management, and value creation.

How does Calidi Biotherapeutics plan to address the risks highlighted in its forward-looking statements, especially regarding potential FDA approvals, while maintaining investor confidence as outlined in the Exchange Traded Concepts Trust FLAG-Forensic Accounting Long-Short FLAG framework?

Calidi Biotherapeutics aims to mitigate risks associated with FDA approvals by implementing rigorous clinical trial protocols, transparent communication with stakeholders, and strategic partnerships, thereby bolstering investor confidence in their long-term growth prospects as per the FLAG framework.

4. How will the transition from Allan Camaisa to Dr. Poma impact investor confidence in Calidi Biotherapeutics, especially regarding their upcoming trials compared to Dr. Poma's previous work at Molecular Templates Inc. (MTEM)?

The transition from Allan Camaisa to Dr. Poma could enhance investor confidence in Calidi Biotherapeutics due to Dr. Poma's proven track record at Molecular Templates Inc. (MTEM), suggesting potential for successful upcoming trials and strategic advancements.

**MWN-AI FAQ is based on asking OpenAI questions about Molecular Templates Inc. (NASDAQ: MTEM).

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