WALTHAM, Mass., June 18, 2018 (GLOBE NEWSWIRE) — Eloxx Pharmaceuticals, Inc. (“Eloxx”) (Nasdaq:ELOX), a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel therapeutics to treat cystic fibrosis, cystinosis and other diseases caused by nonsense mutations limiting production of functional proteins, today announced that it has appointed Neil Belloff, Executive Vice President, General Counsel and Corporate Secretary of Eloxx. Mr. Belloff joins Eloxx from Celgene Corporation where he served as Senior Corporate Counsel since 2011. Mr. Belloff has more than 30 years of legal and business experience, with significant management and project development responsibilities in business critical areas including risk assessment, strategic planning, regulatory compliance, mergers and acquisitions, capital formation, privacy, pharmaceutical development, and securities matters, and is a corporate governance and compliance expert.
“We are extremely pleased to have attracted someone with Neil’s extensive legal, business, and transactional experience to our leadership team,” said Robert E. Ward, Chairman and CEO of Eloxx. “I believe that Neil’s experiences advising public companies through the full development life-cycle and his knowledge of the global biopharmaceutical industry, as well as his expertise in corporate governance and compliance, will add significant value to the Company as it matures.”
“I am excited to be joining the Eloxx leadership team and look forward to contributing to the rapid growth and success of the Company,” said Mr. Belloff. “I am honored to have the opportunity to be a part of an innovative company with the potential to have a substantial impact on the lives of patients with rare diseases.”
Prior to joining Eloxx and Celgene Corporation, Mr. Belloff was EVP and U.S. Corporate and Securities Counsel at Deutsche Telecom, one of the largest telecommunications companies in the world. Mr. Belloff was affiliated with various New York-based law firms and as a Senior Attorney-Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission in Washington, D.C. Mr. Belloff holds a J.D. from Quinnipiac University School of Law, an M.A. from New York University, a B.A. from Queens College of the City University of New York, and completed post-graduate studies in the LLM Program in Securities Regulation at Georgetown University Law Center.
Eloxx Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing novel RNA-modulating drug candidates (designed to be eukaryotic ribosomal selective glycosides) that are designed to treat rare and ultra-rare premature stop codon diseases. Premature stop codons are point mutations that disrupt protein synthesis from messenger RNA. As a consequence, patients with premature stop codon diseases have reduced or eliminated protein production from the mutation bearing allele accounting for some of the most severe phenotypes in these genetic diseases. These premature stop codons have been identified in over 1,800 rare and ultra-rare diseases. Read-through therapeutic development is focused on extending mRNA half-life and increasing protein synthesis by enabling the cytoplasmic ribosome to read through premature stop codons to produce full-length proteins. Eloxx’s lead investigational product candidate, ELX-02, is a small molecule drug candidate designed to restore production of full-length functional proteins. Eloxx’s preclinical candidate pool consists of a library of novel drug candidates designed to be eukaryotic ribosomal selective glycosides identified based on read-through potential. ELX-02 is in the early stages of clinical development focusing on cystic fibrosis and cystinosis. ELX-02 is an investigational drug that has not been approved by any global regulatory body. Eloxx is headquartered in Waltham, MA, with R&D operations in Rehovot, Israel.
This press release contains forward-looking statements, which are generally statements that are not historical facts. Forward-looking statements can be identified by the words “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plans,” “will,” “outlook” and similar expressions. Forward-looking statements are based on management’s current plans, estimates, assumptions and projections, and speak only as of the date they are made. Celgene undertakes no obligation to update any forward-looking statement in light of new information or future events, except as otherwise required by law. Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and are generally beyond our control. Actual results or outcomes may differ materially from those implied by the forward-looking statements as a result of the impact of a number of factors, many of which are discussed in more detail in the Company’s Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.