Cue Biopharma Announces Strategic Organizational Transition

CUE 11.14.2024

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  • 12.04.2024 - Piper Sandler 36th Annual Healthcare Conference
  • 11.29.2024 - Cue Biopharma Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
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  • Daniel Baker, M.D., will join Cue Biopharma’s executive team as interim chief development officer (CDO), effectiveMonday, November 25, 2024
  • Anish Suri, Ph.D., president & chief scientific officer (CSO) ofCue Biopharma, to transition to principal research and immunology advisor

BOSTON,Nov. 14, 2024(GLOBE NEWSWIRE) --Cue Biopharma, Inc.(Nasdaq: CUE), a clinical-stage biopharmaceutical company developing a novel class of therapeutic biologics to selectively engage and modulate disease-specific T cells for the treatment of cancer and autoimmune disease, today announced thatDaniel Baker, M.D., will joinCue Biopharmaas interim chief development officer (CDO) effectiveNovember 25, 2024. Dr.Anish Suriwill transition from his current role of president & chief scientific officer (CSO) and will serve the company as principal research and immunology advisor effective as of the same date.

“This organizational transition will further enhance the company’s next stage of growth with greater focus and capacity for building upon and advancing its pipeline of drug product candidates in oncology and autoimmunity,” saidDaniel Passeri, chief executive officer ofCue Biopharma. “Dr. Baker will bring significant depth of experience and expertise in registrational strategies for immunotherapeutics toCue BiopharmawhileDr. Suriwill continue to provide the company with his invaluable scientific insight and strategic guidance.”

Dr. Bakerhas over 20 years of drug development experience in the pharmaceutical industry. From 2000 to 2019, he served as Vice President, Immunology R&D at Johnson & Johnson (Janssen/Centocor) where his responsibilities included clinical development of Remicade, Simponi and Stelara, as well as other major clinical drug programs. His supervision and oversight of numerous Phase I-III trials in multiple disease areas, led to more than 15 regulatory approvals in the US,EuropeandJapan. In 2015,Dr. Bakerassumed the role of Disease Area Stronghold Leader at Janssen where he was responsible for Phase II & III clinical development plans for rheumatology products and the overall portfolio strategy in rheumatology and immunology. Following his retirement from Janssen in 2019,Dr. Bakerserved as CEO and founder of Kira Therapeutics and more recently as Executive Director on the board of Galapagos Therapeutics fromApril 2022untilOctober 2024.Dr. Bakerreceived his Medical Degree from theUniversity of Pennsylvaniaand completed his Medical Residency atHershey Medical Centerand Fellowship in Rheumatology and Immunology at theUniversity of Pennsylvania, followed by a Research Fellowship in Rheumatology atMass General Hospital.

“I am very pleased to be joiningCue Biopharmato further develop its highly promising and innovative Immuno-STATTM biologics platform, with the potential to address the significant unmet medical need of cancer and autoimmune patients,” saidDr. Baker. “I look forward to working closely with theCue Biopharmamanagement team to further enhance clinical development and registrational strategies and capacities.”

Dr. Matteo Levisetti, chief medical officer ofCue Biopharmastated, “We are delighted to be working closely withDr. Bakerto help shape and guide our portfolio development strategies. Dr. Baker’s proven record as a highly successful and prolific drug developer in the field of immunology will augment and bolster our mission to bring novel and effective immunotherapies to patients in need.”

From the Cue Biopharma TeamWe look forward to continuing to work with Anish in his new role asPrincipal Researchand Immunology Advisor and thank him for his dedication to world class research, unwavering commitment to the field of immunology and invaluable service and contribution to building Cue Biopharma’s pipeline of promising immunotherapies.

About Cue Biopharma

Cue Biopharma, a clinical-stage biopharmaceutical company, is developing a novel class of injectable biologics to selectively engage and modulate disease-specific T cells directly within the patient’s body. The company’s proprietary platform, Immuno-STATTM(Selective Targeting and Alteration of T cells), and biologics are designed to harness the curative potential of the body’s intrinsic immune system through the selective modulation of disease-specific T cells without the adverse effects of broad systemic immune modulation.

Headquartered in Boston,Massachusetts, we are led by an experienced management team and independent Board of Directors with deep expertise in immunology and immuno-oncology as well as the design and clinical development of protein biologics.

For more information please visitwww.cuebiopharma.comand follow us onXandLinkedIn.

Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, those regarding: the executive transitions and the dates thereof; the company’s belief that the CUE-100 series represents the potential of establishing a new standard of care for cancer patients; the company’s belief that the Immuno-STAT platform stimulates targeted immune modulation through the selective modulation of disease-relevant T cell and the applicability of the company’s platform across many cancers and autoimmune diseases; and the company’s business strategies, plans and prospects. Forward-looking statements, which are based on certain assumptions and describe the company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the company’s ability to shift its focus to its autoimmune assets and achieve the cost savings that it is projecting; the company’s limited operating history, limited cash and a history of losses; the company’s ability to achieve profitability; potential setbacks in the company’s research and development efforts including negative or inconclusive results from its preclinical studies or clinical trials or the company’s ability to replicate in later clinical trials positive results found in preclinical studies and early-stage clinical trials of its product candidates; serious and unexpected drug-related side effects or other safety issues experienced by participants in clinical trials; its ability to secure requiredU.S. Food and Drug Administration(“FDA”) or other governmental approvals for its product candidates and the breadth of any approved indication; adverse effects caused by public health pandemics, including possible effects on the company’s trials; delays and changes in regulatory requirements, policy and guidelines including potential delays in submitting required regulatory applications to the FDA; the company’s reliance on licensors, collaborators, contract research organizations, suppliers and other business partners; the company’s ability to obtain adequate financing to fund its business operations in the future; the company’s ability to maintain and enforce necessary patent and other intellectual property protection; competitive factors; general economic and market conditions and the other risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of the company’s most recently filed Annual Report on Form 10-K and any subsequently filed Quarterly Report(s) on Form 10-Q. Any forward-looking statement made by the company in this press release is based only on information currently available to the company and speaks only as of the date on which it is made. The company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor ContactMarie CampinellSenior Director, Corporate CommunicationsCue Biopharma, Inc.mcampinell@cuebio.com

Media ContactJonathan PappasLifeSci Communicationsjpappas@lifescicomms.com

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Source: Cue Biopharma, Inc.

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