Celyad Announces Board of Directors Evolution with New Appointment

Regulatory News:

Celyad (Brussels:CYAD) (Paris:CYAD) (NASDAQ:CYAD), a clinical-stage biopharmaceutical company focused on the development of CAR-T cell therapies, today announced that Filippo Petti, CEO of Celyad, is joining the Celyad Board of Directors and succeeds Celyad co-founder and former CEO Christian Homsy, M.D. who has resigned from Celyad’s Board of Directors.

“I am proud of and thankful to the Celyad team for what they have accomplished over the years. I wish them and Filippo the best for the future” said Dr. Homsy.

“I’d like to thank Christian for his guidance and support during the past few months as I’ve transitioned into the role of CEO” said Filippo Petti, CEO of Celyad. “I am honored to accept this appointment to Celyad’s Board of Directors and I look forward to continuing to work closely with the Board to execute on the Company’s strategic vision.”

Michel Lussier, Chairman of Celyad, noted “We thank Christian for all his leadership and dedication since his co-founding of Celyad. His impact on the Company has been tremendous. Though he is leaving our Board, we know he will remain intensely interested in the Company’s future progress towards becoming a leader in the field of CAR-T cell therapy. We are also very pleased to welcome Filippo on the Board”

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About Celyad
Celyad is a clinical-stage biopharmaceutical company focused on the development of specialized CAR-T cell-based product candidates and utilizes its expertise in cell engineering to target cancer. Celyad’s CAR-T cell platform has the potential to treat a broad range of solid and hematologic tumors. The company’s lead clinical candidate, CYAD-01, an autologous NKG2D-based CAR-T therapy, is currently being evaluated in several Phase 1 clinical trials to assess safety and clinical activity for the treatment of hematological malignancies, such as acute myeloid leukemia, and solid cancers, such as metastatic colorectal cancer. Celyad is also developing CYAD-101, an investigational, non-gene edited, allogeneic (donor derived) NKG2D-based CAR-T therapy, which is currently being evaluated in a Phase 1 trial for the treatment of patients with metastatic colorectal cancer. Celyad was founded in 2007 and is based in Mont-Saint-Guibert, Belgium, and New York, NY. Celyad’s ordinary shares are listed on the Euronext Brussels and Euronext Paris exchanges, and its American Depository Shares are listed on the Nasdaq Global Market, all under the ticker symbol CYAD. Celyad has received funding from the Walloon Region (Belgium) to support the advancement of the Company’s autologous and allogeneic CAR-T cell therapy programs.