Compass Therapeutics Appoints Biopharmaceutical Industry Leader Barry Shin as Chief Financial Officer
11 December 2024 - 12:00AM
Compass Therapeutics, Inc. (Nasdaq: CMPX), a clinical-stage,
oncology-focused biopharmaceutical company developing proprietary
antibody-based therapeutics to treat multiple human diseases, today
announced the appointment of Barry Shin as Chief Financial Officer,
as of December 9, 2024. Mr. Shin is a veteran biopharmaceutical
leader with over 20 years of experience as a finance and operations
executive, investment banker, and corporate advisor.
“We are delighted to welcome Barry to Compass during this
pivotal and exciting time for the company,” said Thomas Schuetz,
MD, PhD, CEO of Compass and Vice Chairman of the Board of
Directors. “We have several key catalysts in 2025, including our
topline data readout for CTX-009 in the first quarter, and Barry’s
deep expertise in financial and strategic planning, capital
markets, and M&A will be invaluable as we advance CTX-009 and
our broader portfolio of clinical and pre-clinical assets. We are
confident Barry will complement our team well and help us deliver
value to our shareholders over the coming years.”
“I am excited to join Compass at this critical juncture for the
company,” said Mr. Shin. “The data generated by CTX-009 and
throughout the broader pipeline is incredibly encouraging and I am
thrilled to be a part of the team working to bring important new
therapeutic options to patients in need. I look forward to
leveraging my financial experience and expertise to help guide the
strategy and operations at Compass as it continues to grow and
evolve.”
Mr. Shin joins Compass with over two decades of experience in
the biopharmaceutical sector as a public company executive, an
investment banker, and a corporate attorney. Most recently, he
served as Executive Vice President, Chief Operating Officer &
Chief Financial Officer at Trevena, Inc., a company that developed
and commercialized novel medicines for patients with central
nervous system conditions. Previously, Mr. Shin was a Managing
Director in the Healthcare Investment Banking Groups at both Mizuho
Securities and Guggenheim Securities. He also served in
positions of increasing responsibility within the Healthcare
Investment Banking Group of Piper Sandler after beginning his
career advising healthcare and technology companies in financing
and M&A transactions as a corporate attorney. Mr. Shin
received a B.Sc. and joint JD/MBA from the University of
Toronto.
About Compass Therapeutics
Compass Therapeutics, Inc. is a clinical-stage oncology-focused
biopharmaceutical company developing proprietary antibody-based
therapeutics to treat multiple human diseases. Compass’s scientific
focus is on the relationship between angiogenesis, the immune
system, and tumor growth. The company pipeline of novel product
candidates is designed to target multiple critical biological
pathways required for an effective anti-tumor response. These
include modulation of the microvasculature via
angiogenesis-targeted agents, induction of a potent immune response
via activators on effector cells in the tumor microenvironment, and
alleviation of immunosuppressive mechanisms used by tumors to evade
immune surveillance. Compass plans to advance its product
candidates through clinical development as both standalone
therapies and in combination with proprietary pipeline antibodies
based on supportive clinical and nonclinical data. The company was
founded in 2014 and is headquartered in Boston, Massachusetts. For
more information, visit the Compass Therapeutics website
at https://www.compasstherapeutics.com.
Forward-Looking
Statements
This press release contains forward-looking statements.
Statements in this press release that are not purely historical are
forward-looking statements. Such forward-looking statements
include, among other things, references to Compass’s financial
position to continue advancing its product candidates, expectations
about cash runway, business and development plans, and statements
regarding Compass’s product candidates, including their development
and clinical trial milestones such as the expected trial design,
timing of enrollment, patient dosing and data readouts, regulatory
plans with respect to Compass’s product candidates and the
therapeutic potential thereof. Actual results could differ from
those projected in any forward-looking statements due to numerous
factors. Such factors include, among others, Compass’s ability to
raise the additional funding it will need to continue to pursue its
business and product development plans, the inherent uncertainties
associated with developing product candidates and operating as a
development stage company, Compass’s ability to identify additional
product candidates for development, Compass’s ability to develop,
complete clinical trials for, obtain approvals for and
commercialize any of its product candidates, competition in the
industry in which Compass operates and market conditions. These
forward-looking statements are made as of the date of this press
release, and Compass assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements, except as required by law. Investors should consult all
of the information set forth herein and should also refer to the
risk factor disclosure set forth in the reports and other documents
Compass files with the U.S. Securities and Exchange Commission
(SEC) available at www.sec.gov, including without limitation
Compass’s latest Annual Report on Form 10-K, Quarterly Report on
Form 10-Q and subsequent filings with the SEC.
Investor Contactir@compasstherapeutics.com
Media Contact Anna Gifford, Senior Manager of
Communications media@compasstherapeutics.com617-500-8099
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