Purple Biotech Ltd. (“Purple Biotech”, or the “Company”) (NASDAQ/TASE: PPBT), a clinical-stage company developing first-in-class, effective and durable therapies by harnessing the power of the tumor microenvironment to overcome tumor immune evasion and drug resistance, today announced the appointment of Lior Fhima, CPA, MBA, as Chief Financial Officer of the Company. Mr. Fhima brings deep expertise in financial management in the pharmaceutical industry and strong managerial capabilities.
“We are honored to welcome Lior Fhima to the executive management team,” said Gil Efron, Chief Executive Officer of Purple Biotech. “Lior has shown consistent success in his previous leadership positions, and I am confident in his ability to drive growth for Purple. His previous experience combined with his work ethic, leadership, and financial expertise make him a valuable addition to our team as we focus on the continued execution of our clinical programs.”
Mr. Fhima joins Purple Biotech as CFO at an important time, with the Company in a strong financial position with a cash runway through the end of 2024. Before joining Purple, Mr. Fhima was the CFO of Negev Ecology Ltd. He also was the Director of Finance at Kamada Ltd., a plasma-derived protein therapeutics company. Prior to that, he served as Chief Accounting Officer of G City, Ltd. (formerly Gazit Globe Ltd.). Mr. Fhima holds an MBA and graduated Magna Cum Laude with a BA in Accounting and Business/Management, both from the College of Management Academic Studies in Rishon LeZion, Israel. Mr. Fhima was granted a certified public accountant’s license in Israel in 2008.
“I am thrilled to join Purple Biotech and to work with Gil and the team on advancing our corporate strategy and clinical development programs,” said Lior Fhima, Chief Financial Officer of Purple Biotech. “I am looking forward to supporting the Company through a strong period of growth and development, working with the team to maintain and expand Purple’s relationship with the investment community.”
