ONK Therapeutics Brings in US Financial Experience with the Appointment of Dr. Allan Reine as Independent Non-Executive Director

ONK Therapeutics Brings in US Financial Experience with the Appointment of Dr. Allan Reine as Independent Non-Executive Director

• Allan Reine joins the Board as independent Non-Executive Director
• Brings significant experience as CFO of NASDAQ-listed biotechs, where he helped raise over $700 million
• Over 20 years in the biotechnology industry with relevant experiences as a biotech CFO, portfolio management, sell-side analyst and investment banking

Galway, Ireland and San Diego, USA,  23 March 2022 - ONK Therapeutics, an innovative company dedicated to developing optimally engineered natural killer (NK) cell therapies to cure patients with cancer, today announced that it has appointed Allan Reine as independent Non-Executive Director to its Board.

Dr. Reine brings significant experience to ONK Therapeutics’ Board from both the life sciences industry and in financial services. His experience as Chief Financial Officer (CFO) at NASDAQ-listed biotech companies and as a life science investor will be invaluable to ONK as it executes on its growth ambitions, progressing its portfolio of NK cell therapies towards human clinical trials.

In addition, as part of his role on the Board of ONK Therapeutics, Dr. Reine will serve as Chair of the Audit Committee.

Dr. Reine currently serves as CFO at Foghorn Therapeutics, Inc. (NASDAQ: FHTX) where he helped lead the company’s initial public offering (IPO). Prior to this, Dr. Reine was CFO of Pieris Pharmaceuticals, Inc. (NASDAQ: PIRS). In these positions, Dr. Reine has been involved in over $700 million of equity and collaboration financing. Prior to his CFO roles, he gained over a decade of experience at New York based financial institutions, managing various healthcare portfolios focused on biotechnology and pharmaceutical companies, most recently at Lombard Odier Asset Management. He started his career at CIBC World Markets where he worked in both biotechnology investment banking and biotechnology equity research.

Dr. Reine received his M.D. from the University of Toronto and a Bachelor of Science in statistical sciences from the University of Western Ontario.

Welcoming Dr. Reine to the Board, Chairman of ONK Therapeutics, Hugh O’Dowd said, “ONK Therapeutics has made very significant progress in delivering against its ambition to establish a global leadership position within the off-the-shelf, NK cell therapy area. Following its recent $21.5 million series A funding and its CRISPR/Cas9 licensing agreement with Intellia Therapeutics, the company is both well financed and well equipped to expand its R&D and manufacturing, as it advances its exciting portfolio of pre-clinical assets through IND enabling studies.”

Dr. Allan Reine, Non-Executive Director of ONK Therapeutics said, “I very much look forward to working with the Board and the Executive Team to support the company, and help steer it through its next stages of growth. I have been impressed by ONK’s innovative approach to developing optimally engineered NK cell therapies which I believe have the potential to make a significant contribution to the growing arsenal of cell-based therapies to treat and even to cure cancer, offering new hope for patients.”