Corbus Pharmaceuticals Appoints George Golumbeski, Ph.D., to Board of Directors

• Dr. Golumbeski formerly led corporate and business development at Celgene and Novartis
• Appointment adds unique skill set to Corbus Board ahead of several key data readouts this summer

Norwood, MA, July 08, 2020 (GLOBE NEWSWIRE) -- Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) (“Corbus” or the “Company”), a clinical-stage drug development company pioneering transformative medicines that target the endocannabinoid system (ECS), today announced the appointment of George Golumbeski, Ph.D., to its Board of Directors.

During his corporate career, Dr. Golumbeski held senior leadership positions in business development at Celgene, Novartis, Elan Pharmaceuticals and Schwarz Pharma. In these roles, he drove business strategies that created value, fostered internal and external collaboration, and built creative deal structures and teams to grow those businesses. At Celgene, he served as Executive Vice President and was responsible for the entire array of business development activities (R&D collaborations, Licensing Agreements, M&A and Alliance Management). During his nine years at the Company, he and his colleagues established Celgene as “Partner of Choice” in the biotechnology industry. Dr. Golumbeski currently serves as a Director on the Boards of Enanta Pharmaceuticals, MorphoSys, Sage Therapeutics as well as several privately held companies.

Dr. Golumbeski commented, “I am really pleased to join the team at Corbus. Philosophically, I am highly aligned with Corbus’ focus on non-incremental scientific innovation directed at the highest degree of unmet medical needs. Lenabasum is a first-in-class molecule, and systemic sclerosis, as well as dermatomyositis, currently have no approved therapies for the overall treatment of disease. This makes the work underway at Corbus both very exciting and very important. I look forward to working with the Board and the Executive Team as Corbus approaches many strategic and corporate development milestones.”

“The breadth, depth and sustained excellence of George’s experience and accomplishments make him an ideal Board member at this pivotal time for the Company. We are honored he has chosen to join us,” said Alan Holmer, Chairman of Corbus’ Board of Directors.

“George’s decades of experience growing companies and advancing innovation will be a significant asset to Corbus as we transition from a pre-commercial R&D organization to a commercial company with a deep pipeline of novel drug candidates, all targeting the ECS,” stated Yuval Cohen, Ph.D., Chief Executive Officer of Corbus. “With George’s addition to the board, the potential for what we can do with our ECS platform is greatly enhanced.”