Immunic appoints Sanjay S. Patel as CFO

Immunic, Inc., a clinical-stage biopharmaceutical company focused on developing potentially best-in-class, oral therapies for the treatment of chronic inflammatory and autoimmune diseases, today announced the appointment of Sanjay S. Patel, CFA, as Chief Financial Officer, effective July 15, 2019. Mr. Patel replaces Tamara A. Seymour, who has served as the company’s Interim Chief Financial Officer since April 26, 2019.

From 2014 to 2016, Mr. Patel served as Chief Financial Officer of Pernix Therapeutics Holdings, Inc., a holding company that owned several specialty pharmaceutical subsidiaries. He assumed responsibility for mergers and acquisitions, business development, corporate finance, investor relations, finance/accounting and information technology. While at Pernix, Mr. Patel was instrumental in sourcing and executing acquisitions in excess of $600 million, and raising more than $460 million in various financing transactions.

“We welcome Sanjay to the Immunic team. With a deep well of C-Suite and investment banking experience, Sanjay’s proven track record, strong knowledge base and established industry relationships will be especially important as we continue to move our pipeline, including our lead compound, IMU-838, through the clinic and prepare for a number of value-creating milestones in the coming year and beyond,” stated Daniel Vitt, Ph.D., Chief Executive Officer and President of Immunic. “I also want to extend the company’s collective thanks to Tamara, a seasoned industry veteran who seamlessly took the helm as Interim Chief Financial Officer after the close of our transaction with Vital Therapies.”