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Fate Therapeutics Taps Successful Biotech CEOs Paul Grayson and John Mendlein for Leadership Team
Date:5/14/2008

es to build momentum as a global scientific force and will soon emerge as a coordinated commercial effort to develop innovative therapies for patients afflicted with diseases from genetic maladies to cancer to neuromuscular and metabolic disorders," said Grayson, Fate's new president and CEO. "The opportunity to build an entirely new model for a biotechnology company is tremendously exciting, and we have the people, vision and backing to do it."

"At Fate we see a new field of medicines emerging with our proprietary therapeutic engine - renewal therapies," said Dr. Mendlein, executive chairman of Fate Therapeutics. "We aim to leverage our strong scientific foundation to accelerate our fundamental understanding of cellular fate in multiple disease and physiological settings to generate innovative therapeutics for those in need. We are in the throes of making revolutionary connections between the molecular basis of cell fate, human medical conditions and important medicines of the future. Our fresh insights into cell fate give us optimism that our drugs will potentially interact with human physiology in a better, safer fashion."

Paul Grayson was previously managing director of Sanderling Ventures. Over the last ten years he has completed both private and public capital fundraising, delivering over $200 million for emerging companies. Transactions completed under Grayson's watch produced over $150 million in recognizable revenue with an announceable value in excess of $1 billion dollars, and included agreements with BMS, Lilly, Warner Lambert, Merck, F. Hoffmann La Roche, Pharmacia Upjohn, Kraft Foods, Campbell's Soup, Nestle and the Coca Cola Company. Grayson was a founding member of the management team of Aurora Biosciences and the founding chairman, CEO and president of Senomyx, Inc. He was previously chairman of the board of directors for Naviscan PET Systems and CalciMedica, and active on the board of directors for Taligen Therapeutics and REN Pharmac
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SOURCE Fate Therapeutics
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