On December 2, 2024, Wuhan Neurophth Biotechnology Limited Company announced the appointment of Dr. Zhengbin Li as Chief Executive Officer. Dr. Zhengbin Li will be fully responsible for Neurophth's daily operations, including corporate operations, production operations, commercial operations, financial management, and human resources management. Dr. Zhengbin Li will focus on leading the company to establish a strong presence in Wuhan, achieve stable development, rapidly advance clinical research, and better serve global ophthalmic patients amidst a challenging external environment.Dr. Zhengbin Li, CEO of NeurophthDr. Li Zhengbin joined Neurophth in 2021 as the Vice President of Commercial. Over the past three years, he has successively taken on roles such as Head of Business Development and Strategic Alliances, Head of Pipeline Strategy, Deputy General Manager of Neurophth's Shanghai Subsidiary, Head of Government Affairs, Deputy General Manager of Neurophth's Suzhou Subsidiary, Assistant to the CEO, and Head of Operations, consistently demonstrating exceptional leadership.Dr. Li Zhengbin has over 15 years of extensive experience in the pharmaceutical industry, focusing on the commercialization of innovative products. Before joining Dr. Li, he held leadership positions in commercial, strategic, business development, and strategic alliance roles at multinational pharmaceutical companies such as Bristol-Myers Squibb, Sanofi, Bayer, Novartis, and Johnson & Johnson. At Novartis, he was a key member of the Lucentis launch commercial team and also a member of the Global Ophthalmology Management Team. At Bayer, he was part of the Global Ophthalmology Management Core Team, successfully leading the commercial launch of Eylea in China, establishing an ophthalmology commercial team, and guiding the product's successful inclusion in the national medical insurance system. Dr. Li holds a Master of Business Administration degree from the Olin Business School at Washington University, a Ph.D. from Peking Union Medical College, and completed his postdoctoral research at the Yale University School of Medicine.Professor Bin Li, Founder and Chairman of NeurophthStated: "We are very pleased to appoint Dr. Li Zhengbin as the Chief Executive Officer of the company, fully responsible for the daily operations. Over the more than three years since joining Neurophth, Dr. Li Zhengbin has consistently demonstrated rapid learning ability and strong resilience, quickly delivering business results in every challenging role, earning unanimous recognition from both management and the board. In the current internal and external environment, Neurophth will further focus on the clinical research of NFS-01 and cost reduction and efficiency improvement. We believe that Dr. Li Zhengbin taking on the role of CEO will support the implementation of the company’s future strategy. Dr. Li Zhengbin will be based in Wuhan, continuing to strengthen Wuhan's position as the headquarters of Neurophth. Personally, I will focus on clinical work in the future, committed to completing the clinical research and commercialization of NFS-01 as soon as possible, bringing hope to LHON patients in China and overseas — a long-cherished wish of mine."Dr. Zhengbin Li, CEO of NeurophthSaid: Neurophth is my first job in a domestically innovative biopharmaceutical company. The past three years have brought me the value and joy of innovation that I had not experienced in multinational pharmaceutical companies before, as well as a deeper understanding of the challenges faced by innovation, especially under the current macro environment. I have worked in ophthalmology for many years and have developed a deep affection for it. I firmly believe that gene therapy represents the greatest hope for patients with more than 900 currently untreatable rare eye diseases. Under the leadership of Professor Bin Li, the founder and chairman of the company, I will work with all employees of Neurophth to overcome difficulties, adhere to our original aspirations, and achieve the company's long-term strategic goals.About NeurophthNeurophth is a leader in the in vivo gene therapy industry for ophthalmic diseases in China. We are committed to developing gene therapies for hereditary diseases for patients worldwide. Our core productNR082Has obtained the United StatesFDAAnd the European Medicines Agency (EMA) Granted Orphan Drug Designation (ODD), and has been approved for clinical trials in China and the United States. Neurophth will continue to expand our pipeline and initiate internal production capacity expansion to support future commercial needs.
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