Immix Biopharma Subsidiary Nexcella Appoints Mary Sue Coleman, former Johnson & Johnson Independent Director, to Board of Directors

• Dr. Coleman joins the Nexcella, Inc. Board of Directors with over a decade of experience as an Independent Director of Johnson & Johnson from 2003-2016
• Dr. Coleman is President Emerita of the University of Michigan where she was named one of “10 Best College Presidents” by TIME Magazine and served as President of the University of Michigan Health System; former President of the University of Iowa; Trustee Emerita of the Mayo Clinic; Trustee Emerita of the Gerald R. Ford Foundation

LOS ANGELES, June 16, 2023 (GLOBE NEWSWIRE) -- Nexcella, Inc., a subsidiary of Immix Biopharma, Inc.  (“Nexcella”, “Company”, “We” or “Us”), announced that effective today, Mary Sue Coleman, former Independent Director of Johnson & Johnson (“J&J”), has been appointed to the Company’s Board of Directors. Ms. Coleman brings deep experience as a former Independent Director of Johnson & Johnson for over a decade from 2003-2016, chairing the J&J Audit Committee; as a member of the Audit Committee and a member of the J&J Technology/Science/R&D Committee.

After joining the University of Michigan in 2002, Dr. Coleman was President of the University of Michigan from 2002 until her retirement in 2014, where she was named one of “10 Best College Presidents” by TIME Magazine and served as President of the University of Michigan Health System. Dr. Coleman led "The Michigan Difference," a campaign to raise $2.5 billion. At its conclusion in 2008, the campaign finale stood at $3.2 billion – the most ever raised by a public university at the time. Prior, Dr. Coleman was President of the University of Iowa from 1995-2002.

“We are honored to have Dr. Coleman join our Board of Directors. She is an experienced former Johnson & Johnson board member and a proven leader of large research-focused institutions with a global footprint, having successfully built and raised capital for world-class biomedical research ecosystems,” said Ilya Rachman, MD, Ph.D., Chief Executive Officer of Immix Biopharma.  Gabriel Morris, ImmixBio Chief Financial Officer, added: “Dr. Coleman has deep experience in healthcare as the former President of the University of Michigan Health System and a trustee of the Mayo Clinic. Dr. Coleman’s leadership and skills in our industry, as well as Dr. Coleman’s contributions to national and international scientific endeavors, are internationally recognized. We look forward to her valued insights as we progress NXC-201, what we believe is the world’s first outpatient CAR-T cell therapy, through clinical development in AL amyloidosis and multiple myeloma.”