Ambrx Appoints Stephen Glover as Chairman of its Board of Directors

SAN DIEGO, May 18, 2023 (GLOBE NEWSWIRE) -- Ambrx Biopharma Inc., or Ambrx (NASDAQ: AMAM), today announced that Stephen Glover has joined the Company’s Board of Directors as Chairman. Mr. Glover has extensive experience building successful biopharmaceutical companies, with a focus on pharmaceutical business strategy, corporate development, product development, commercialization, and business optimization. The Company’s former Chair, Katrin Rupalla, Ph.D., has resigned from Ambrx’s Board of Directors to pursue another opportunity, which precludes her ability to serve on any boards of directors.  

Stephen Glover’s experience spans Fortune 100, start-up and entrepreneurial environments and his transaction experience covers over 25 transactions. His strategic and operational experience, which covers most therapeutic classes of biopharmaceuticals, includes strategic planning, corporate development, operations management, product development, and clinical and regulatory oversight.

“Steve’s corporate leadership experience and seasoned oversight of Ambrx’s strategic direction will be an invaluable asset to both the Company and its shareholders,” said Daniel J. O’Connor, Chief Executive Officer of Ambrx. “Having co-founded and led multiple successful biotechnology companies and drug development initiatives spanning the breadth of biotech’s most prominent therapeutic areas, Steve’s skillset is perfectly aligned to lead the next phase of Ambrx’s growth and clinical development. We warmly welcome Steve to the Ambrx team and look forward to his contributions as Chairman of the Board.”

Mr. O’Connor continued: “We would like to thank Katrin for serving on our board for the last two years and as Chair of Ambrx since August 2022. Her contributions and strategic guidance have been critical for Ambrx’s growth since her appointment, and we wish her success in all her future endeavors.”

Stephen Glover added: “I am grateful for the opportunity to be joining Ambrx and am looking forward to contributing to the Company's continued success.”

Mr. Glover has over 32 years of biopharmaceutical and life sciences experience. Currently he is the Co-Founder, Chairman, Chief Executive Officer, and President of ZyVersa Therapeutics, which he took public in December 2022. ZyVersa is a clinical stage biopharmaceutical Company advancing a dynamic pipeline of drug candidates with multiple programs built around two proprietary technologies – Cholesterol Efflux Mediator VAR 200 in development to ameliorate renal lipid accumulation that damages the kidneys' filtration system in patients with glomerular kidney diseases, and Inflammasome ASC Inhibitor IC 100, targeting damaging inflammation associated with numerous CNS and other inflammatory diseases. Mr. Glover is Chairman of the Board of Directors of PDS Biotechnology and a Board member of the Coulter Foundation at the University of Miami U Innovation Center. Previously, Mr. Glover was Co-Founder and Chief Business Officer of Coherus BioSciences, a commercial biologics platform Company focused on delivering biosimilar therapeutics and novel immuno-oncology products which went public in 2014. Prior to Coherus, he was President of Insmed Therapeutic Proteins and Executive Vice President and Chief Business Officer of Insmed Incorporated, where he was responsible for the creation of its biosimilar business unit and sale of that business to Merck. He led the strategic review process that resulted in the merger of Insmed and Transave. Before joining Insmed, Mr. Glover held senior-level positions in sales, marketing and operations at Andrx Corporation, Roche Laboratories, Amgen and IMS Health.