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Serina Therapeutics (NYSE American: SER) has appointed Dr. Srini Tenjarla as the new Senior Vice President of CMC and Formulation. Dr. Tenjarla brings over 20 years of experience in drug development, joining from Takeda Pharmaceuticals where he was Vice President and Head of Drug Product Development and Process Chemistry Development/Outsourcing. He previously held leadership roles at Shire Pharmaceuticals.
Dr. Tenjarla's expertise spans formulation development across multiple modalities, including solid oral, injectables, controlled release, and ophthalmic formulations. He has a proven track record in advancing programs through clinical phases to NDA/BLA submission and approval. Dr. Tenjarla holds a Ph.D. in Pharmaceutical Sciences from the University of Houston and is recognized as a subject matter expert in formulation.
Serina Therapeutics reported its Q1 2024 financial results, highlighting significant developments. The company is advancing its lead drug candidate, SER-252, for advanced Parkinson’s Disease, with plans to submit an IND application in 2025. Serina completed its merger with AgeX Therapeutics and appointed Dr. Simba Gill as Executive Chairman. Financially, Serina increased its line of credit by $2.4 million and received an additional $525,000 in May 2024. Cash and equivalents totaled $8.8 million, with a net loss of $9.4 million for Q1 2024. Revenues were $5,000, and operating expenses increased to $2.3 million from $1 million in the same period in 2023. The company expressed concerns about its ability to meet financial obligations over the next year.
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