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Minerva Neurosciences Appoints Dr. Inderjit Kaul to the Company's Board of Directors

  • Minerva Neurosciences appointed Dr. Inderjit Kaul, currently Chief Medical Officer of Draig Therapeutics, to its board of directors.
  • Dr. Kaul will also serve as a consultant for the future clinical development of roluperidone.
  • The appointment follows a recent private placement raising up to $200 million to fund a confirmatory Phase 3 trial for roluperidone.
  • The funding supports the resubmission of a New Drug Application & preparation for a US commercial launch if approved.
  • Dr. Kaul previously led the development of Cobenfy at Bristol Myers Squibb & Karuna Therapeutics, resulting in FDA approval for schizophrenia.
  • Dr. Kaul holds an M.D. & an MPH from Harvard University & has expertise in neurology, oncology, & immunology.
  • The company aims to address the unmet medical need for treating primary negative symptoms in schizophrenia, which lack FDA-approved therapies.
  • Forward-looking statements regarding trial outcomes, funding sufficiency, & regulatory approvals are subject to risks & uncertainties.