Onxeo Appoints Dr. Shefali Agarwal as President and Chief Executive Officer

Regulatory News:

Onxeo S.A. (Euronext Growth Paris: ALONX, Nasdaq First North Copenhagen: ONXEO), hereafter “Onxeo” or the “Company”, a clinical-stage biotechnology company specializing in the development of innovative drugs targeting tumor DNA Damage Response (DDR), today announced the appointment of Dr. Shefali Agarwal as President and Chief Executive Officer. Dr. Agarwal succeeds Julien Miara, a Principal at Invus SAS, who was named interim CEO in January 2022.

“I have worked side by side with Dr. Agarwal in her capacity as Chairwoman to grow our Company, strengthen our Board and, importantly, advance our pipeline. It became very clear to me and the Board that Dr. Agarwal, who has extensive experience in drug development, was the right choice to fill the CEO role,” said Julien Miara, interim CEO. “She has the expertise to partner with our strong team on expeditiously progressing AsiDNA through the clinic, developing our robust, pre-clinical pipeline and providing Onxeo with international visibility given her exposure among the U.S. investment community.”

Dr. Agarwal is a physician by training, and, until recently, was the Chief Medical and Development Officer at Epizyme, Inc., a biopharmaceutical company developing novel epigenetic therapies for cancer, where she led global clinical development and regulatory strategy. She will remain an advisor to Epizyme in a consultant role while fulfilling her duties at Onxeo.

“I am honored to become the next CEO of Onxeo and look forward to working more closely with this talented team as we continue to grow the business. Given my deep experience in oncology, I’m encouraged by the work we’ve done at Onxeo and by the opportunities our platON platform has generated,” said Dr. Shefali Agarwal. “As we continue to progress our first-in-class DDR inhibitor AsiDNA through the clinic and are conducting pre-clinical proof-of-concept studies on our next generation PARP agonist, OX401 and its follow-on optimized versions, we will be continually looking for ways to drive better clinical outcomes for patients. With an eye on the U.S. market, I’m pleased that we will be refocusing our clinical research efforts from France to the U.S., building out our infrastructure and expanding our team in the growing biotech hub in Massachusetts. The new influx of capital from our top two shareholders, who support our vision, will help us achieve our goals, providing Onxeo runway into Q2 2023.”