Beam Therapeutics Appoints New CFO, Shares Rise 7.8%

By Bobby Samwell • Friday, December 06 10:27 • Permanent Link

Beam Therapeutics Inc. (NASDAQ: BEAM) has announced the appointment of Sravan K. Emany as its new Chief Financial Officer, effective December 19, 2024. Emany joins Beam with a wealth of experience, having most recently served as CFO and Chief Operating Officer at Ironwood Pharmaceuticals, Inc.

Beam Therapeutics Inc. is a biotechnology company dedicated to developing precision genetic medicines through base editing. The company's suite of gene editing technologies is centered around base editing, a proprietary technology designed to enable precise, predictable, and efficient single base changes at targeted genomic sequences without making double-stranded breaks in the DNA.

Emany's appointment comes at a time when Beam has been making significant progress in advancing its clinical pipeline across its hematology and genetic disease portfolio. The company is focused on creating a lasting impact for patients and is committed to providing life-long cures to individuals suffering from serious diseases.

Prior to joining Ironwood, Emany served in various roles at Integra Lifesciences Holdings Corporation, Bank of America, and BofA Securities, culminating in his role as Managing Director in the mergers and acquisitions group at Bank of America. He also held positions at Goldman Sachs Group and Morgan Stanley.

Emany's extensive financial experience and track record in the healthcare sector position him well to lead Beam's capital formation and allocation strategy as the company continues to advance its pioneering clinical pipeline and differentiated base editing platform.

With Emany's appointment, Beam Therapeutics Inc. aims to leverage its strong financial foundation and seize the significant opportunities ahead to drive meaningful progress in the development of life-changing therapies for patients worldwide.

Investors and industry stakeholders will be closely watching how Beam Therapeutics Inc. under the leadership of Emany will utilize its resources to deliver on its mission of transforming the treatment of genetic diseases with precision medicines. The market has reacted to these announcements by moving the company's shares 7.8% to a price of $27.29. Check out the company's full 8-K submission here.

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