CAMBRIDGE, Mass.--(BUSINESS WIRE)--OvaScienceSM (NASDAQ:OVAS), a global fertility company focused on the discovery, development and commercialization of new treatment options, announced today that Ravi Mehrotra, Ph.D., has joined the Company as Chief Corporate Development Officer. Dr. Mehrotra joins OvaScience from Credit Suisse LLC, where he served as Global Head of Biotechnology Equity Research.
"OvaScience is building its operations internationally with the AUGMENT treatment and introducing the OvaPrime treatment, a second groundbreaking treatment, to patients this year. I am committed to helping the Company advance these and other goals, whilst creating new opportunities in the broader fertility domain."
"Ravi brings a unique perspective based on the more than 18 years he spent evaluating a wide range of life sciences companies while analyzing and predicting industry trends," said Michelle Dipp, M.D., Ph.D., Chief Executive Officer at OvaScience. "His understanding of the life sciences landscape, experience building strategic relationships and analytical skills will help us to identify new opportunities for expanding our portfolio of fertility treatments and potential partnerships that can increase the availability of our treatment options internationally."
"I am excited to join OvaScience at such an inflection point within the history of the company. In my nearly two decades of experience analyzing Life Science companies, I have yet to see such a unique combination of science, management and commercial opportunity. OvaScience has the potential to revolutionize the global fertility market by delivering innovative treatments to dramatically improve the treatment of infertility," said Dr. Mehrotra. "OvaScience is building its operations internationally with the AUGMENT treatment and introducing the OvaPrime treatment, a second groundbreaking treatment, to patients this year. I am committed to helping the Company advance these and other goals, whilst creating new opportunities in the broader fertility domain."
Dr. Mehrotra joins from Credit Suisse LLC where he served as Global Head of Biotechnology Equity Research since 2010 based in New York, leading the equity research team that covered more than 40 global biotechnology and life sciences companies. Dr. Mehrotra originally joined Credit Suisse in 2004 in London, U.K., and served as Head of European Biotechnology and EMEA Equity Research, being ranked the number one analyst in both European Institutional Investor and Extel surveys. Prior to that, he held positions of increasing responsibility at SG Cowen in London, including Head of European Biotechnology. Earlier in his career, he worked for Deutsche Bank (Natwest Markets/BT Alex Brown) in London. Dr. Mehrotra holds a Bachelor of Science in Biochemistry and a Ph.D. in Biochemistry and Molecular Biology from Manchester University.
OvaScience (NASDAQ:OVAS) is a global fertility company dedicated to improving treatment options for women around the world. OvaScience is discovering, developing and commercializing new fertility treatments because we believe women deserve more options. Each OvaScience treatment is based on the Company's proprietary technology platform that leverages the breakthrough discovery of egg precursor (EggPCSM) cells – immature egg cells found inside the protective ovarian lining. The AUGMENTSM treatment, a fertility option specifically designed to improve egg health, is available in certain IVF clinics in select international regions outside of the United States. OvaScience is developing the OvaPrimeSM treatment, which could increase a woman's egg reserve, and the OvaTureSM treatment, a potential next-generation IVF treatment that could help a woman produce healthy, young, fertilizable eggs without hormone injections. For more information, please visit www.ovascience.com and connect with us on Twitter and Facebook.
This press release includes forward-looking statements about the Company's plans for the AUGMENT treatment and two fertility treatments in development, including statements relating to the introduction of the OvaPrime treatment in 2015. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including risks related to: the possibility that international IVF clinics that we work with may determine not to begin or continue providing the AUGMENT treatment for commercial or other reasons; our expectation that the AUGMENT treatment and OvaPrime treatment meet the requirements of a class of products exempt from premarket review and approval under applicable regulations in those countries where we have launched or plan to introduce the AUGMENT treatment and plan to introduce the OvaPrime treatment; the commercial ramp up of the AUGMENT treatment, which we expect will depend upon the successful transition of ACE clinics to commercial operations, the addition of new ACE clinics, and the results from ACE clinic experience as they become available; the science underlying our treatment and treatments in development (including the AUGMENT, OvaPrime and OvaTure treatments), which is unproven; our ability to obtain regulatory approval where necessary for our potential treatments; our ability to develop our potential treatments, including the OvaPrime and OvaTure treatments, on the timelines we expect, if at all; our ability to commercialize the AUGMENT treatment and our potential treatments, including the OvaPrime treatment, on the timelines we expect, if at all; as well as those risks more fully discussed in the "Risk Factors" section of our most recently filed Quarterly Report on Form 10-Q and/or Annual Report on Form 10-K. The forward-looking statements contained in this press release reflect our current views with respect to future events. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our view as of any date subsequent to the date hereof.