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BioBlast Pharma Enhances Leadership Team Appoints Industry Veteran, Robert W. Cook, as Chief Financial Officer New Haven, CT

Key Takeaway: BioBlast Pharma Enhances Leadership Team Appoints Industry Veteran, Robert W. Cook, as Chief Financial Officer New Haven, CT - January 11, 2016 - BioBlast Pharma Ltd. (NasdaqGM: ORPN), a clinical-stage biotechnology company committed to developing meaningful therapies for pa

Full Press Release Details

BioBlast Pharma Enhances Leadership Team
Appoints Industry Veteran, Robert W.
Cook, as Chief Financial Officer
New Haven, CT - January 11, 2016
- BioBlast Pharma Ltd. (NasdaqGM: ORPN), a clinical-stage biotechnology company committed to developing meaningful therapies
for patients with rare and ultra-rare genetic diseases, announced today that it has appointed Robert (Bob) Cook to the position
of Chief Financial Officer (CFO). Mr. Cook will be a member of BioBlast's Executive Committee, situated out of the Company's
U.S. headquarters in New Haven, CT.
As previously announced, Udi Gilboa, co-founder
of the Company, who until today was the CFO, will now transition to a special advisor role reporting to the Chief Executive Officer
(CEO), and will continue as a member of the Company's board of directors.
"I'm delighted to have Bob
join our executive team given his extensive experience in international banking and as a public company CFO within the pharmaceutical
and medical technology fields," said Colin Foster, President and CEO of BioBlast. "I look forward to working closely
with Bob as we ever more increase our U.S. leadership presence and connection with the U.S. and international investment communities.
I'm grateful for Udi's service since the start of the Company and I look forward to continuing to work with him in
his new role, and on the board of directors."
Mr. Cook brings 25 years of international
experience in senior financial leadership roles in the healthcare finance, pharmaceutical, and medical technology sectors, most
recently serving as Executive Vice President and Chief Financial Officer of Strata Skin Sciences, formerly Mela Sciences, a publicly-held
medical technology company focused on the therapeutic and diagnostic dermatology market. Mr. Cook's prior pharma experience
includes ten years as the CFO of Immune Pharmaceuticals and its predecessor EpiCept Corporation, including one year as Interim
President and CEO of EpiCept in which he completed the reverse merger of EpiCept into Immune. Prior to that he served six years
as CFO at publicly-held Pharmos Corporation. Mr. Cook began his career in financial services at Chase Manhattan, including several
years as a senior executive in its Hong Kong investment bank subsidiary, during which it lead managed $8 billion in private and
public debt financing for governments, public sector corporations and multinational enterprises. Additionally, he spent two years
as a Vice President in the Healthcare Group at General Electric Capital Commercial Finance. Mr. Cook holds a B.S. in Finance, magna
cum laude, from The American University, in Washington, DC.
"I am very much looking forward to
working with Colin and the executive team as we develop the inherent value of BioBlast," said Mr. Cook. "I see great
opportunity in the company's orphan disease platforms and am excited about the potential to significantly grow the company's
value to the benefit of patients and investors."
BioBlast Pharma is a clinical-stage biotechnology
company committed to developing clinically meaningful therapies for patients with rare and ultra-rare genetic diseases. The Company
is building a diverse portfolio of product candidates with the potential to address unmet medical needs for incurable diseases.
The BioBlast platforms are based on deep understandings of the disease-causing biological processes, and potentially offer solutions
for several diseases that share the same biological pathology. For more information please visit the Company's website, www.bioblast-pharma.com,
the content of which is not incorporated herein by reference.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995
and other Federal securities laws. For example, the Company is using forward looking statements when it discusses building a diverse
portfolio of products candidates with the potential to address unmet medical needs for incurable diseases, and that the Company's
platforms potentially offer solutions for several diseases that share the same biological pathology. In addition, historic results
of scientific research and clinical and preclinical trials do not guarantee that the conclusions of future research or trials would
not suggest different conclusions or those historic results referred to in this press release would not be interpreted differently
in light of additional research and clinical and preclinical trials results. Because such statements deal with future events and
are based on BioBlast Pharma Ltd.'s current expectations, they are subject to various risks and uncertainties and actual
results, performance or achievements of BioBlast Pharma could differ materially from those described in or implied by the statements
in this press release, including those discussed under the heading "Risk Factors" in BioBlast Pharma's Annual
Report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2015, and in any subsequent
filings with the SEC. Except as otherwise required by law, BioBlast Pharma disclaims any intention or obligation to update or revise
any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or
circumstances or otherwise.
U.S. Investor Contact
LifeSci Advisors, LLC
Last updated: Jan 11, 2016