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Alcresta Therapeutics Expands Leadership Team to Fuel Future Growth

In a significant move to support its rapid growth trajectory, Alcresta Therapeutics, Inc. has announced an expansion of its leadership team, introducing key changes that aim to bolster the company's strategic initiatives. Founded with a focus on developing and commercializing unique enzyme-based products, Alcresta has been making waves in the medical community, particularly with its groundbreaking product, RELiZORB.

New Leadership Roles

As part of this transition, Jason Weiner has stepped into the role of Chief Strategy and Business Development Officer, transitioning from his previous position as Chief Commercial Officer. Weiner has been instrumental in steering Alcresta’s commercial strategies since 2020, overseeing a myriad of areas that span from patient access to strategic planning. In his current capacity, he is set to outline business strategies and identify new commercial opportunities for Alcresta.

Moreover, Chris Arnold has been appointed as Chief Commercial Officer after having a successful stint as Senior Vice President of Sales. Arnold played a pivotal role in the launch of RELiZORB, helping to expand the sales team and pushing the product's market entry specifically tailored for patients with short bowel syndrome and related malabsorptive conditions. His leadership is expected to continue generating momentum for Alcresta’s sales objectives.

Industry Expertise

Additionally, Alcresta welcomes Dr. Michael Yeh as Senior Vice President of Medical Affairs. With over two decades of expertise in medical affairs from various prestigious organizations, Dr. Yeh's role will enhance Alcresta's initiatives as it supports ongoing research and trials, particularly concerning its innovative digestive technologies. His academic credentials and industry experience will serve as a strong foundation for the company's continued clinical pursuits.

Strategic Growth Initiatives

Daniel Orlando, Alcresta's CEO, expressed confidence in these appointments, emphasizing the importance of fostering a leadership team capable of navigating the company through its next phase of growth. He noted, “After a remarkable year in 2024, we anticipate continued acceleration in our commercial strategy and are implementing the necessary changes in our senior team to maximize RELiZORB's growth potential.”

The leadership changes align with Alcresta’s recent achievements, particularly the FDA’s clearance for expanded use of RELiZORB in pediatric populations, highlighting its adaptability and commitment to addressing various medical needs. Since the product’s launch in May 2024, Alcresta has reported significant growth—including a 33% surge in net sales and adjusted EBITDA revenues, underlining the positive market response and effectiveness of their innovative solutions.

About RELiZORB

RELiZORB, a first-of-its-kind digestive enzyme cartridge, addresses the needs of pediatric and adult patients requiring assistance in fat digestion via enteral formulas. Using Alcresta’s proprietary technology, RELiZORB is designed to mimic pancreatic lipase, thereby enhancing nutrient absorption for patients who face digestive challenges.

The product not only indicates efficacy for adults but has seen expanded indications for children, showcasing Alcresta's dedication to catering to even the youngest patients facing digestive disorders. The innovative design allows for easy integration with enteral feeding systems, providing a seamless experience for users.

The Road Ahead

With such strategic appointments and a focus on innovative solutions for gastrointestinal disorders, Alcresta Therapeutics is well-positioned for a bright future. As the company continues to support clinical studies and expand its market presence, the focus on growth through leadership excellence will undeniably play a pivotal role in advancing patient care. The expansion of the leadership team is not merely a structural adjustment; it signals Alcresta’s unwavering commitment to addressing challenges faced by patients and ensuring that innovative solutions are effectively brought to market.