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Werewolf Therapeutics , Inc. (NASDAQ:HOWL), a biopharmaceutical company specializing in pharmaceutical preparations with a market capitalization of approximately $63 million, announced changes to its board of directors, as detailed in their latest SEC filing. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 10.1, though it faces near-term profitability challenges. On February 19, 2025, Dr. Derek DiRocco resigned from the board, effective at the company’s annual stockholders’ meeting in 2025. His departure was not due to any disagreements with the company.
Simultaneously, Werewolf Therapeutics welcomed Dr. Anil Singhal, an experienced biopharmaceutical professional, to its board. Dr. Singhal has been appointed as a Class I director and will also serve on the company’s Audit Committee. His extensive background includes over three decades of research and development in the industry, with leadership roles at Trishula Therapeutics, Inc., Adicet Bio, Inc., and AbbVie Inc (NYSE:ABBV). Additionally, Dr. Singhal has served on the board of the publicly traded biotechnology company TriSalus Inc. Despite the stock’s 81% decline over the past year, analysts maintain a Strong Buy consensus on HOWL, suggesting potential turnaround opportunities. Get deeper insights into Werewolf Therapeutics’ financial health and growth prospects with a comprehensive InvestingPro subscription.
Dr. Singhal’s academic credentials include a B.Sc Honours degree in Biochemistry, an MBA from the University of Washington, and a Ph.D. in Biochemistry from Rutgers University. He is also a member of the American Association of Cancer Research and the American Society of Clinical Oncology.
As part of his compensation, Dr. Singhal will receive an annual cash fee and reimbursement for expenses related to his board services. He was also granted an option to purchase 45,000 shares of Werewolf Therapeutics’ common stock at an exercise price of $1.40 per share, which will vest over three years, contingent on his continued service on the board. The company holds more cash than debt on its balance sheet and is scheduled to report its next earnings on March 20, 2025.
The information in this article is based on a press release statement from Werewolf Therapeutics, Inc.
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