PURCHASE, N.Y. , May 01, 2023 (GLOBE NEWSWIRE) — Cognition Therapeutics, Inc. (Nasdaq: CGTX), today announced the appointment of John Doyle to the role of chief financial officer. Mr. Doyle has substantial experience leading and managing financial operations at development- and commercial-stage public life sciences companies through financings, mergers, acquisitions and licensing agreements.
“John has significant experience raising capital in challenging markets and leading companies through the evolution to commercialization. We look forward to leveraging his skills, his relationships on Wall Street, and his strategic insights as we move forward together as a company,” said Lisa Ricciardi, Cognition’s president and CEO.
Mr. Doyle was most recently chief financial officer of 4D Pharma plc, and previously was SVP and chief financial officer of Chiasma Inc. During his tenure at Chiasma Inc, the company began reporting commercial sales and ultimately completed a merger with Amryt Pharma. Earlier, he served in finance departments at Verastem Oncology, SimpliVity Corp., PAREXEL, Inc. and Hologic Inc. Mr. Doyle earned a Bachelor of Science in finance from the University of Massachusetts.
Mr. Doyle added, “Cognition is fortunate to have a strong base of grant awards from the National Institutes of Health to support many of its studies. As a clinical-stage biotech, the company will need to execute on a financial plan that fosters value creation and generates opportunity in various market conditions. I am looking forward to working with Cognition’s leadership, finance team and board as the company evolves.”
About Cognition Therapeutics, Inc.
Cognition Therapeutics, Inc. is a clinical-stage biopharmaceutical company engaged in the discovery and development of innovative, small molecule therapeutics targeting age-related degenerative disorders of the central nervous system and retina. We are currently investigating our lead candidate CT1812 in clinical programs in Alzheimer’s disease, dementia with Lewy bodies (DLB) and dry age-related macular degeneration (dry AMD). We believe CT1812 and our pipeline of σ-2 receptor modulators can regulate pathways that are impaired in these diseases. We believe that targeting the σ-2 receptor with CT1812 represents a mechanism functionally distinct from other current approaches in clinical development for the treatment of degenerative diseases. More about Cognition Therapeutics and its pipeline can be found at http://cogrx.com.