Purple Biotech Appoints Dr. Yael Margolin to its Board of Directors

Dr. Margolin brings 35 years of expertise in biotechnology, pharma, and venture capital

Purple Biotech also announces the resignation of Mr. Fabien Sebille, who served as the Company’s Chief Business Officer

REHOVOT, Israel, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Purple Biotech Ltd. ("Purple Biotech" or "the Company") (NASDAQ/TASE: PPBT), a clinical-stage company developing first-in-class therapies that harness the power of the tumor microenvironment to overcome tumor immune evasion and drug resistance, today announced the appointment of Dr. Yael Margolin as an independent member of the Company’s Board of Directors.

Dr. Yael Margolin has more than 35 years of experience as senior manager, chief executive officer and board member in venture capital and in the pharmaceutical and biotech industries, leading strategic and business planning, financing, team building, product development and corporate partnerships. Since 2019, Dr. Margolin has served as a board member to several public and private companies in the healthtech industry, including: Point Biopharma Global (NASDAQ: PNT), Scinai Immunotherapeutics (NASDAQ: SCNI), Quris AI, MakeSense, Neovac, Welltech Ventures, Ramot at Tel Aviv University and TAU Ventures by Tel Aviv University.  Dr. Margolin is a founder of mentoring@8400, a boutique voluntary mentoring program for young CEOs in Israel. From 2005 to 2019, she served as President, Chief Executive Officer and director of Gamida Cell Ltd. (NASDAQ: GMDA), a clinical stage biopharmaceutical company, leading the company from preclinical development through phase 3 international registration studies. Prior to that, Dr. Margolin served as Vice President of Denali Ventures LLC, a venture capital firm focused on healthcare, and a program manager at Teva Pharmaceuticals. Dr. Margolin holds a B.Sc. degree in biology and a M.Sc. degree Cum Laude both from Tel Aviv University in Israel, a Ph.D. from the Weitzman Institute of Science in Israel and was a post-doctoral associate at the Yale University School of Medicine.

Dr. Margolin commented, “Purple’s pipeline of oncologic drugs that focus on harnessing the tumor microenvironment have strong potential. I’m pleased to join this excellent group of executives, researchers, and board members to help advance much needed treatments for patients in need.”

“We are pleased and honored to have Dr. Margolin join our board. She has worked on both the science and business aspects to support a large number of healthtech companies, and we look forward to benefitting from her industry expertise and guidance” stated Gil Efron, CEO of Purple Biotech “Moving into 2024, Purple Biotech is expecting multiple readouts from its clinical trials and I’m looking forward to working with management and the board in this exciting year”.