Race Oncology Limited (ASX: RAC) has announced significant changes to its Board and Management team structure to ensure the success of the company and its primary asset, bisantrene, in clinical development. Dr. Peter Smith will become the Executive Director, taking over from resigning CEO Damian Clarke-Bruce. Non-Executive Director Dr. John Cullity is retiring from the Race Board. Dr. Daniel Tillett, a former CSO and Executive Director with extensive knowledge of bisantrene, will support its clinical development as a consultant.
These changes aim to leverage the expertise within the company's core team and optimize bisantrene's position for success. The new leadership will focus on short to medium-term clinical and preclinical goals. Dr. Smith, with a background in oncology and biotech, expressed excitement about collaborating to benefit patients and shareholders. The company will assess its recently released strategy and make adjustments considering its financial position and market conditions, ensuring business continuity during the transition.
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