Business
Processa Pharmaceuticals Appoints Khoso Baluch and James Neal to its Board of Directors and Justin Yorke to Chairman of the Board
Board Appointments Designed to Position Company for Anticipated Milestones While Ensuring Adherence to the Highest Governance Standards HANOVER, MD, Aug. 16,
About this update from Processa Pharmaceuticals, Inc.
[{"type":"text","content":"Board Appointments Designed to Position Company for Anticipated Milestones While Ensuring Adherence to the Highest Governance Standards HANOVER, MD, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Processa Pharmaceuticals, Inc. (Nasdaq: PCSA), a clinical stage biopharmaceutical company using its Regulatory Science process to more effectively develop products to improve the survival and/or quality of life for patients who have an unmet medical need condition announced today the appointment of Khoso Baluch and James Neal to its Board of Directors. In addition to the two new Independent Directors, current board member Justin Yorke has been named Chairman of the Board. Justin Yorke, Processa Chairman stated, “I am excited and delighted to take on the role of Chair of PCSA’s Board of Directors as we approach some exciting events on the horizon. I am stepping into this role to support Dr. Young and the team as they focus on our three ongoing clinical trials and the development of all 5 of our pipeline products. Khoso Baluch comes to Processa with over 36 years of experience across global geographies in the biopharmaceutical industry. Since 2012, he has served as an independent director of Poxel SA, a French publicly traded biotech company where he chairs its compensation committee. He has also served as the Chairman of the Board for Da Volterra, a French privately held company, since December 2021. From 2016 to 2021, Mr. Baluch served as the Chief Executive Officer and a board member of CorMedix, Inc., a publicly traded pharmaceutical company in the US. Mr. Baluch has held various senior positions at UCB, SA between January 2008 to April 2016, including Senior Vice President and President - Europe, Middle East & Africa. Prior to joining UCB, Mr. Baluch worked for Eli Lilly for 24 years, holding international positions spanning Europe, the Middle East, and the United States in general management, business development, market access, and product leadership. Mr. Baluch holds a B.S. in Aeronautical Engineering from City University London and an MBA from Cranfield School of Management. Mr. Neal was appointed to the Board in August 2022. Mr. Neal brings more than 25 years of experience in forming and maximizing business and technology collaborations globally and in bringing novel products and technologies to market. He currently serves as the Chief Execu...