Cogent Biosciences Appoints Cole Pinnow as Chief Commercial Officer
Cogent BiosciencesCogent Biosciences(US:COGT) Newsfilter·2024-05-23 21:05

Core Insights - Cogent Biosciences, Inc. has appointed Cole Pinnow as Chief Commercial Officer to lead the commercialization efforts for bezuclastinib, targeting systemic mastocytosis and gastrointestinal stromal tumors [1][2] - Pinnow brings 25 years of commercial experience in the biopharmaceutical industry, including significant roles at Pfizer, where he managed a $5 billion cancer portfolio [2][3] - The company is focused on transitioning from a research and development entity to a fully integrated commercial organization [2] Company Overview - Cogent Biosciences specializes in developing precision therapies for genetically defined diseases, with bezuclastinib being the most advanced clinical program [5] - Bezuclastinib is a selective tyrosine kinase inhibitor aimed at treating systemic mastocytosis and advanced gastrointestinal stromal tumors, driven by the KIT D816V mutation [5] - The company is also developing a portfolio of targeted therapies addressing mutations in FGFR2, ErbB2, and PI3Kα [5] Leadership and Strategy - Cole Pinnow's role will involve building a commercial team responsible for sales, marketing, access, and operations, with a focus on the potential launch of bezuclastinib [1][2] - The company aims to establish bezuclastinib as a standard of care treatment for its target patient populations [2] - Pinnow expressed enthusiasm for the company's progress and the opportunity to contribute to its first potential product launch [2] Inducement Equity Award - As part of Pinnow's appointment, Cogent is granting him inducement equity awards, including options to purchase 525,000 shares and up to 214,000 performance-based restricted stock units [4] - The options have a 10-year term with a four-year vesting schedule, while the performance-based units are contingent on achieving specific stock price and R&D milestones [4]