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Viridian Therapeutics Appoints Jeff Ajer to its Board of Directors - Mr. Ajer was most recently Chief Commercial Officer at BioMarin - Waltham, Mass.

Key Takeaway: Viridian Therapeutics has appointed Jeff Ajer to its Board of Directors, bringing over 25 years of experience in commercialization for rare diseases and specialty medicines. Ajer's expertise includes leadership roles at BioMarin Pharmaceutical, where he played a crucial role in launching five brands. The company is currently advancing its promising treatment veligrotug towards BLA submission and has reported positive results from its global phase 3 clinical trials. Additionally, Viridian is focused on enhancing its operations and pipeline through the induction of new personnel.
Price reaction · baseline $11.99 (2025-04-04 close) · clean, no other VRDN news in the window
day 0 close
-1.8%

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of Jeff Ajer brings extensive experience in commercialization of rare diseases.
  • Viridian is advancing veligrotug toward BLA submission, indicating progress in development.
  • Positive topline data from global phase 3 trials for current treatments, showcasing potential success.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+77%
120-day peak, hindsight
Typical move
3.7%
average across 5 past catalysts
Cash runway
~28 mo
Minimal dilution risk
Lead asset
Veligrotug
Phase 3 · Thyroid Eye Disease

Full Press Release Details

Viridian Therapeutics Appoints Jeff Ajer to its Board of Directors
- Mr. Ajer was most recently Chief Commercial Officer at BioMarin -
Waltham, Mass., April 7, 2025 Viridian Therapeutics, Inc. (Nasdaq: VRDN), a biopharmaceutical company focused on discovering and developing
potential best-in-class medicines for serious and rare diseases, today announced the appointment of Jeff Ajer to its Board of Directors.
Mr. Ajer has more than 25 years of experience driving commercialization for rare diseases and specialty medicines, including leading commercial planning
for late-stage pipeline programs, product marketing, reimbursement, and sales operations. He most recently served as the Executive Vice President and Chief Commercial Officer (CCO) at BioMarin Pharmaceutical, where he joined in 2005 as one of the
first sales and marketing employees and subsequently held roles of increasing responsibility that helped to establish BioMarin s commercial infrastructure and global footprint. Mr. Ajer had direct responsibility for the launch of 5 brands
during his time as CCO. Prior to BioMarin, Mr. Ajer served as Vice President, Global Transplant Operations at Genzyme Corporation and held positions in sales, marketing, and operations at SangStat Medical Corporation and ICN Pharmaceuticals. He
received his B.S. degree in chemistry and M.B.A. from the University of California, Irvine.
We are pleased to welcome Jeff to our Board of
Directors at an exciting time for Viridian as we advance veligrotug, which we believe has a clinically differentiated profile, to BLA submission and, if approved, commercial launch, said Steve Mahoney, President and Chief Executive Officer of
Viridian Therapeutics. Jeff s extensive experience and expertise in commercial strategy and execution is a great addition to our Board as we continue to develop Viridian s potential best-in-class assets across our thyroid eye disease and FcRn portfolios.
Notice of Inducement Grants
Today, Viridian announced that a majority of the independent directors serving on the Compensation Committee of the company s Board of
Directors approved the grant of non-qualified stock options to purchase an aggregate of 220,750 shares of the company s common stock to 14 new employees (the
Inducement Grants ) on April 1, 2025 (the Grant Date ). The Inducement Grants have been granted outside of the company s
Amended and Restated 2016 Equity Incentive Plan (the Plan ) but remain subject to the terms and conditions of such Plan. The Inducement Grants were granted as an inducement material to these individuals entering into employment with
Viridian in accordance with Nasdaq Listing Rule 5635(c)(4).
The Inducement Grants have an exercise price per share that is equal to the closing price of
Viridian s common stock on the Grant Date. The Inducement Grants will vest over a four-year period, with 25% of the shares vesting on the one-year anniversary of the employee s start date, and
thereafter the remainder of the shares vest in 36 equal monthly installments, subject to each employee s continued employment with Viridian through the applicable vesting dates.
About Viridian Therapeutics
biopharmaceutical company focused on discovering, developing and commercializing potential best-in-class medicines for patients with serious and rare diseases.
Viridian s expertise in antibody discovery and protein engineering enables the development of differentiated therapeutic candidates for previously validated drug targets in commercially established disease areas.
Viridian is advancing multiple candidates in the clinic for the treatment of patients with thyroid eye disease (TED). The
company is conducting a pivotal program for veligrotug (VRDN-001), including two global phase 3 clinical trials (THRIVE and THRIVE-2), to evaluate its efficacy and
safety in patients with active and chronic TED. Both THRIVE and THRIVE-2 reported positive topline data, meeting all the primary and secondary endpoints of each study. Viridian is also advancing VRDN-003 as a potential best-in-class subcutaneous therapy for the treatment of TED, including two ongoing global phase 3 pivotal
clinical trials, REVEAL-1 and REVEAL-2, to evaluate the efficacy and safety of VRDN-003 in patients with active and chronic TED.
In addition to its TED portfolio, Viridian is advancing a novel portfolio of neonatal Fc receptor (FcRn) inhibitors, including VRDN-006 and VRDN-008, which has the potential to be developed in multiple autoimmune diseases.
Viridian is based in Waltham, Massachusetts. For more information, please visit www.viridiantherapeutics.com. Follow Viridian on LinkedIn and
Forward-Looking Statement
release may contain forward-looking statements and information within the meaning of The Private Securities Litigation Reform Act of 1995 and other federal securities laws. The use of words such as may, will,
could , should, expects, intends, plans, anticipates, believes, estimates, predicts, projects, seeks,
endeavor, potential, continue or the negative of such words or other similar expressions can be used to identify forward-looking statements. The express or implied forward-looking statements included in this press
release are only predictions and are subject to a number of risks, uncertainties and assumptions, including, without limitation the risks described from time to time in the Risk Factors section of our filings with the Securities and
Exchange Commission (SEC), including those described in our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as applicable, and supplemented from
time to time by our Current Reports on Form 8-K. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual
results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although Viridian believes that the expectations
reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Any
forward-looking statement speaks only as of the date on which it was made. Neither Viridian, nor its affiliates, advisors, or representatives, undertake any obligation to publicly update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing Viridian s views as of any date subsequent to the date hereof.
Source: Viridian Therapeutics, Inc.

Frequently Asked Questions

Who is Jeff Ajer in relation to Viridian Therapeutics?

Jeff Ajer has been appointed to the Board of Directors at Viridian Therapeutics.

What was Jeff Ajer's role before joining Viridian?

He served as the Chief Commercial Officer at BioMarin Pharmaceutical.

What is veligrotug developed for?

Veligrotug is being developed to treat thyroid eye disease.

What are the names of the ongoing trials for VRDN-003?

The ongoing trials for VRDN-003 are REVEAL-1 and REVEAL-2.

What is the focus of Viridian Therapeutics?

Viridian focuses on developing medicines for serious and rare diseases.

Last updated: Apr 7, 2025