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DiaMedica Therapeutics Announces Appointment of Dominic Cundari as Chief Commercial Officer
Leadership Team Continues to Expand with Addition of Veteran Genentech Executive MINNEAPOLIS--(BUSINESS WIRE)-- DiaMedica Therapeutics Inc. (Nasdaq: DMAC), a
About this update from Diamedica Therapeutics Inc.
[{"type":"text","content":"\nLeadership Team Continues to Expand with Addition of Veteran Genentech Executive\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nDiaMedica Therapeutics Inc. (Nasdaq: DMAC), a clinical-stage biopharmaceutical company focused on developing novel treatments for neurological disorders and kidney diseases, announced today the appointment of Dominic Cundari as Chief Commercial Officer. In this role, Mr. Cundari will be focused primarily on the commercial planning, positioning and launch preparations for DM199 in acute ischemic stroke.\n\n“Dom has extensive experience in successfully launching specialty biopharmaceuticals and was instrumental in building the Activase® (tPA) franchise at Genentech and changing the standard of care for ischemic stroke patients,” said Rick Pauls, CEO of DiaMedica. “With his deep knowledge and passion for the acute ischemic stroke space, extensive key opinion leader relationships and strategic acumen, he is a welcome addition to our senior leadership team at this critical time in our development.”\n\n“The majority of people who suffer from an acute ischemic stroke today miss the treatment window and are left without treatment options,” said Mr. Cundari. “When I saw the data for the KLK1 mechanism and DM199 specifically, I wanted to be a part of the team bringing this potentially life changing drug to stroke patients.”\n\nPrior to joining DiaMedica, Mr. Cundari spent over twenty years launching innovative products and building and managing commercial organizations in multiple therapeutic areas at Genentech. He was most recently Senior Director of Genentech’s vascular franchise, where he managed the existing thrombolytic business, built the sales and marketing organizations for the launch of the blockbuster product Lucentis® and partnered with Actelion on launch readiness for Veletri®. Prior to this role, Mr. Cundari was Senior Director of Genentech’s cardiovascular franchise and Director of Cardiovascular sales. Earlier in his career, Mr. Cundari held multiple senior sales leadership roles in diverse therapeutic areas for Genentech and Ciba-Geigy. Mr. Cundari earned his B.S. and MS. Degrees in psychology from Villanova University.\n\nInducement Grant Under Nasdaq Listing Rule 5635(c)(4)\n\nIn connection with Mr. Cundari’s appointment, the Company granted him two inducement stock options to purchase a total of 165,000...