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Stoke Therapeutics Appoints Ian Smith to its Board of Directors Mr. Smith brings significant experience in the successful development and commercialization of medicines for rare genetic diseases

Key Takeaway: Stoke Therapeutics has appointed Ian Smith to its Board of Directors as of September 19, 2023. Smith brings over two decades of experience in the life sciences sector, having successfully developed various treatments for rare genetic diseases. His strategic and operational expertise is expected to be valuable as the company advances its STK-001 program for Dravet syndrome into a Phase 3 clinical trial. The appointment reflects Stoke's commitment to developing innovative therapies addressing severe health challenges.
Price reaction · baseline $4.76 (2023-09-19 close) · hit after-hours · clean, no other STOK news in the window
day 0 close
-6.7%
day 1
-12.8%
day 3 · peak
-18.7%

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of Ian Smith brings extensive experience to Stoke Therapeutics.
  • Smith's background includes successful development of rare genetic medicines.
  • His expertise is expected to aid in advancing STK-001 for Dravet syndrome.
  • Stoke's approach targets severe diseases, potentially leading to groundbreaking treatments.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+22%
120-day peak, hindsight
Typical move
2.3%
average across 2 past catalysts
Cash runway
~18 mo
Low dilution risk
Lead asset
Milrinone
Phase 2 · Valvular Stenosis

Full Press Release Details

Stoke Therapeutics Appoints Ian Smith to its Board of Directors
Mr. Smith brings significant experience in the successful development and
commercialization of
medicines for rare genetic diseases
BEDFORD, Mass., September 20, 2023 Stoke Therapeutics, Inc. (Nasdaq: STOK), a biotechnology company dedicated to
addressing the underlying cause of severe diseases by upregulating protein expression with RNA-based medicines, today announced the appointment of Ian Smith to its Board of Directors effective September 19.
Ian brings more than two decades of significant executive management experience in the life sciences industry, with a strong track record of
successfully building valuable biotech businesses, said Edward M. Kaye, M.D., Chief Executive Officer of Stoke Therapeutics. His diverse experience in developing disease-modifying medicines for severe genetic diseases along with his deep
strategic, operating and financial expertise will make him an integral resource for the Stoke team, especially as we work to advance STK-001 for Dravet syndrome into a Phase 3 program and build a global
Stoke s approach to targeting the underlying cause of severe diseases by upregulating protein expression represents a
unique opportunity to develop first-in-class disease-modifying new medicines for many diseases that have been challenging to treat with existing approaches, said
Mr. Smith. I am pleased to join Stoke s Board of Directors and look forward to working with the team to help them achieve their goals. Together, I believe we have the opportunity to fundamentally change the way certain diseases are
treated, starting with Dravet syndrome.
Ian F. Smith is a director of Stoke Therapeutics. He serves as a Senior Advisor to Bain Capital Life
Sciences since January 2021. Mr. Smith also serves as Executive Chair of the Board of Directors of Solid Biosciences (Nasdaq: SLDB), as a director of Foghorn Therapeutics (Nasdaq: FHTX), Alkeus Pharmaceuticals and iVexSol Inc, and formerly as a
director and Executive Chair of the board of ViaCyte, Inc. (acquired September 2022). Between 2001 and 2019, Mr. Smith served as Executive Vice President and Chief Operating Officer, and Chief Financial Officer at Vertex Pharmaceuticals. He holds a
B.A. with honors in accounting and finance from Manchester Metropolitan University (UK).
About Stoke Therapeutics
Stoke Therapeutics (Nasdaq: STOK), is a biotechnology company dedicated to addressing the underlying cause of severe
diseases by upregulating protein expression with RNA-based medicines. Using Stoke s proprietary TANGO (Targeted Augmentation of Nuclear Gene Output) approach, Stoke is developing
antisense oligonucleotides (ASOs) to selectively restore protein levels. Stoke s first compound, STK-001, is in clinical testing for the treatment of Dravet syndrome, a severe and
progressive genetic epilepsy. Dravet syndrome is one of many diseases caused by a haploinsufficiency, in which a loss of ~50% of normal protein levels leads to disease. Stoke is pursuing the development of STK-002 for the treatment of autosomal dominant optic atrophy (ADOA), the most common inherited optic nerve disorder. Stoke s initial focus is haploinsufficiencies and diseases of the
central nervous system and the eye, although proof of concept has been demonstrated in other organs, tissues, and systems, supporting its belief in the broad potential for its proprietary approach. Stoke is headquartered
in Bedford, Massachusetts with offices in Cambridge, Massachusetts. For more information, visit https://www.stoketherapeutics.com/ or follow Stoke on X @StokeTx.
Stoke Media & Investor Contacts:

Frequently Asked Questions

Who has been appointed to Stoke Therapeutics' Board of Directors?

Ian Smith has joined the Board of Directors at Stoke Therapeutics.

What is Ian Smith's professional background?

Ian Smith has over 20 years of experience in the life sciences sector.

What is Stoke Therapeutics' primary focus?

Stoke Therapeutics focuses on treating severe diseases by upregulating protein expression.

What is STK-001's purpose?

STK-001 is under clinical testing for Dravet syndrome, a severe genetic epilepsy.

What approach does Stoke use for medicine development?

Stoke uses the TANGO method to develop antisense oligonucleotides for protein restoration.

Last updated: Sep 20, 2023