Alcobra CEO Yaron Daniely to Step Down

Alcobra said Monday that Dr. Yaron Daniely will be stepping down on May 31, as president and CEO to become the CEO of Yissum, the technology transfer company of the Hebrew University in Jerusalem, Israel. David Baker, currently Alcobra’s Chief Commercial Officer, will assume the position of interim CEO.

Alcobra added it continues an established process to explore options for creating shareholder value. The company is currently exploring strategic alternatives, which may include partnership or monetization opportunities for the company’s proprietary product candidates, as well as partnering, licensing, M&A opportunities or other transactions to further develop the company’s pipeline and drug-development capabilities for the benefit of increasing shareholder value.

Leave A Reply

Your email address will not be published.