KORU Medical Systems, Inc Announces Leadership Changes to Support Growth Agenda
25 July 2024 - 6:05AM
Business Wire
KORU Medical Systems, Inc. (NASDAQ: KRMD) ("KORU Medical" or
the "Company"), a leading medical technology company focused on
the development, manufacturing, and commercialization of innovative
and patient-centric large volume subcutaneous infusion solutions,
today announced the promotion of Christopher Pazdan, to Chief
Operating Officer, effective July 18, 2024. Mr. Pazdan has been
with the organization since 2021, and last served as the Company’s
Senior Vice President of Operations overseeing Quality, Regulatory,
Operations, Supply Chain and Project Management. In his role as
COO, Chris will also oversee the Research and Development
organization and be responsible for the Company’s product
development pipeline and innovation efforts.
“As we drive forward in our next chapter of innovation and
growth, I am thrilled to welcome Chris to the newly created role of
Chief Operating Officer. We are focused on delivering on our growth
agenda, and believed it was important to bring our cross-functional
project teams together under one leader to better serve customer
needs. Chris has proven himself as a transformative business
leader, consistently delivering measurable results, and inspiring
our team with his drive and collaborative approach,” said Linda
Tharby, President, and CEO. “He knows our business and culture
well, which will enable him to effectively lead cross functional
teams in the launch of key new products and as we continue to
expand our leadership position in large volume subcutaneous
infusion with new drug therapies. I am confident that he will
continue to have a tremendous impact on our long-term success in
his new role as COO.”
Chris joined KORU Medical Systems in 2021, as Vice President of
Quality Assurance and Regulatory Affairs. In 2022, he was promoted
to Senior Vice President of Operations, which included leading
manufacturing, supply chain and the project management office.
Chris brings more than 20 years of experience in the medical device
industry including leadership roles at Hill-Rom and Becton
Dickinson (formerly CareFusion/Cardinal Health) across a variety of
strategic functions and roles.
Mr. Pazdan added, "In my expanded role as Chief Operating
Officer I will prioritize a continued focus around implementing
technology and innovation strategies that enable KORU Medical to
reach its full potential as a drug delivery partner of choice,
while also relentlessly meeting the needs of patients and
customers.”
As part of this transition, Brian Case, Chief Technology
Officer, will be leaving the Company on September 16, 2024. “I
would like to thank Brian for his contributions to KORU Medical and
his role in building a strong research and development team and new
product development process. We wish him the very best in his
future endeavors,” said Tharby.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties, including but not limited to
those relating to the launch of key new products and expansion into
new drug therapies. Actual results may differ materially from these
statements due to potential risks and uncertainties such as, among
others, those risks and uncertainties included under the captions
"Risk Factors" in our Annual Report on Form 10-K for the year ended
December 31, 2023, which is on file with the SEC and available on
our website at www.korumedical.com/investors and on the SEC website
at www.sec.gov. All information provided in this release and in the
attachments is as of July 24, 2024. Undue reliance should not be
placed on the forward-looking statements in this press release,
which are based on information available to us on the date hereof.
We undertake no duty to update this information unless required by
law.
About KORU Medical Systems
KORU Medical Systems develops, manufactures, and commercializes
innovative and patient-centric large volume subcutaneous infusion
solutions that improve quality of life for patients around the
world. The FREEDOM Syringe Infusion System (the “Freedom System”)
currently includes the FREEDOM60® and FreedomEdge® Syringe Infusion
Drivers, Precision Flow Rate Tubing™ and HIgH-Flo Subcutaneous
Safety Needle Sets™. The Freedom System, which received its first
FDA clearance in 1994, is used for self-administration in the home
by the patient and/or delivery in an ambulatory infusion center by
a healthcare professional. Through its Novel Therapies business,
KORU Medical provides products for use by biopharmaceutical
companies in feasibility/clinical trials during the drug
development process and, as needed, is capable of customizing the
Freedom System for clinical and commercial use across multiple drug
categories. For more information, please visit
www.korumedical.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240724840034/en/
Investor Contact: Greg Chodaczek 347-620-7010
investor@korumedical.com
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