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Phio Pharmaceuticals Announces New Chief Financial Officer

Key Takeaway: Phio Pharmaceuticals has appointed Robert M. Infarinato as its new Chief Financial Officer, effective August 1, 2024. Infarinato brings over 20 years of experience in financial leadership, having previously held significant roles in various healthcare organizations. CEO Robert Bitterman expressed confidence in Infarinato's ability to contribute to the company's growth and success.
Price reaction · baseline $3.2 (2024-07-31 close) · hit pre-market · 1 other PHIO headline(s) in the window, move may be shared
day 0 close
-7.3%
day 1
-8.7%
day 3 · peak
-11.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of a highly experienced CFO
  • Robert M. Infarinato brings over 20 years of financial leadership
  • CEO expresses confidence in new CFO's contributions
  • Phio's innovative technology in immuno-oncology

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~9 mo
Medium dilution risk
Lead asset
DP CD8 TIL
Phase 1 · HNSCC

Full Press Release Details

Marlborough, Massachusetts–(Newsfile Corp. – August 1, 2024) – Phio Pharmaceuticals Corp. (NASDAQ: PHIO), a clinical stage biotechnology company whose proprietary INTASYL™ siRNA gene silencing technology is designed to make immune cells more effective in killing tumor cells, today announced the appointment of Robert M. Infarinato to the position of vice president and chief financial officer effective August 1, 2024. He will serve in the capacity of Principal Financial Officer including responsibility for accounting, finance, treasury, investor relations and administration.
Mr. Infarinato comes to Phio with more than 20 years of financial and accounting leadership experience. He most recently was head of a consulting firm, advising on operational matters including the funding and IPO process. Previous positions include serving as Chairman of the Board of Trustees and Chair of the Finance Committee with Abington Health, executive Vice President and CFO of an international service company, Vice President Taxation and Corporate Controller at Rhone Poulenc Rorer, and Treasurer and Tax Manager-Europe for Pfizer.
“I am pleased to welcome Robert to the Phio executive management team,” said Robert Bitterman, CEO of Phio Pharmaceuticals. “Bob’s skillset is only exceeded by his breadth of experience across multiple financial functions within the health care space. I look forward to his participation as a valuable contributor in guiding our company forward.”
About Phio Pharmaceuticals Corp.
Phio Pharmaceuticals Corp. (NASDAQ: PHIO) is a clinical stage biotechnology company whose proprietary INTASYL™ siRNA gene silencing technology is designed to make immune cells more effective in killing tumor cells. INTASYL is the only self-delivering RNAi technology focused on immuno-oncology therapeutics. INTASYL drugs precisely target specific proteins that reduce the body’s ability to fight cancer, without the need for specialized formulations or drug delivery systems.
For additional information, visit the Company’s website, www.phiopharma.com .
Contact: Phio Pharmaceuticals Corp. ir@phiopharma.com
PR Contact Michael Adams Bridge View Media adams@bridgeviewmedia.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218434

Frequently Asked Questions

Who is the new CFO of Phio Pharmaceuticals?

Robert M. Infarinato has been appointed as the new CFO.

When does Robert Infarinato start his role?

He will start as CFO effective August 1, 2024.

What is Robert Infarinato's experience?

He has over 20 years of financial leadership experience in healthcare.

What technology does Phio Pharmaceuticals focus on?

Phio specializes in INTASYL™ siRNA gene silencing technology for immuno-oncology.

Last updated: Aug 1, 2024