Sutro Biopharma Appoints James Panek to Board of Directors
Mr. Panek has worked as an independent consultant since 2011, providing technical and strategic insights to companies around the world. From 2002 to 2010, he held leadership positions at VaxGen, a company that developed vaccines for infectious diseases. At VaxGen, Mr. Panek served as Co-CEO and Chairman of its international joint venture,
"Jim has a track record of operational excellence and corporate leadership that will be an asset to Sutro's Board," said
"I believe in the vision for Sutro's XpressCF+™ platform and its potential to enable rapid discovery of important new cancer therapies and bring them to the clinic," said Mr. Panek. "Sutro has made remarkable progress with a robust pipeline of oncology therapeutic candidates. As a board member, I will be working with the Sutro leadership team to advance STRO-001 and STRO-002 antibody-drug conjugates through clinical trials with the goal of transforming lives of cancer patients by developing safer, more effective therapies."
About Sutro Biopharma
Sutro's proprietary and integrated cell-free protein synthesis and site-specific conjugation platform, XpressCF+™, led to the discovery of STRO-001 and STRO-002, Sutro's first two internally-developed ADCs. STRO-001 is a CD74-targeting ADC currently being investigated in a Phase I clinical trial of patients with advanced B-cell malignancies, including multiple myeloma and non-Hodgkin lymphoma. STRO-001 was granted Orphan Drug Designation by the
Sutro is dedicated to transforming the lives of cancer patients by creating medicines with improved therapeutic profiles for areas of unmet need.
To date, Sutro has designed cytokine-based immuno-oncology therapies, ADCs, vaccines and bispecific antibodies primarily directed at clinically-validated targets for which the current standard of care is suboptimal.
Sutro's platform allows it to accelerate discovery and development of potential first-in-class and best-in-class molecules through rapid and systematic evaluation of protein structure-activity relationships to create optimized homogeneous product candidates.
In addition to developing its own oncology pipeline, Sutro is collaborating with select pharmaceutical and biotech companies to discover and develop novel, next-generation therapeutics. As the pace of clinical development accelerates, Sutro and its partners are developing therapeutics designed to more efficiently kill tumors without harming healthy cells.
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