Athersys ATHX Stock News

Athersys, Inc. (NASDAQ: ATHX) is running for the top in the premarket this morning after announcing that it has added a member to its management team. The stock is trading on gains of more than 15% as excitement ensues. Here’s what’s going on:

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ATHX Stock Heads Up On Management Team Addition

In the press release, Athersys said that it brought Ms. Maia Hansen onto its management team. The company said Ms. Hansen is a leader in operations and supply chain management. She will take charge as the Senior Vice President of Operations and Supply Chain.

In the release, the company said that she will help to establish and manage a sustainable supply chain built to enable reliable, cost-effective and best in class commercial manufacturing and product distribution capabilities to support commercial success. Her responsibilities will include supply chain strategy, related operations and capability building.

ATHX said that Ms. Hansen will work closely with Mr. Greg Liposky, SVP and Head of Manufacturing, as well as the executive team to establish a premier product supply organization for large-scale commercialization.

Ms. Hansen has extensive experience in the space. She was a Senior Partner at McKinsey & Company, working to clients around the world in a global management consulting firm. This work included the development of operations and supply chain strategy, capability building, manufacturing optimization, go-to-market effectiveness, and digital and analytics.

In a statement, Dr. Gil Van Bokkelen, Chairman and CEO at ATHX, had the following to offer:

We are very excited to have Maia join the leadership team at Athersys. As we’ve described previously, we are committed to building a world-class organization that is well-positioned to deliver on the promise of our innovative regenerative medicine technology, and to helping advance the boundaries of medicine in areas where there is a substantial unmet medical need. Maia brings tremendous experience and capabilities, and she will play an important role as we move forward.

The above statement was followed up by Ms. Hansen. Here’s what she had to say:

I am excited to join Athersys and look forward to working with the team to establish world-class capabilities, strategy and execution to ensure and optimize the supply of our cell therapy products to patients in need. We have the opportunity to bring a whole new class of therapy to help people with serious medical conditions, and I look forward to helping enable this mission.

Why This News Is So Exciting

Any time a smaller company works to build out its supply chain and operations, it is making a move in the best interest of investors. This is the same case with Athersys. As the company builds out its supply chain, it is building up the potential to generate profits for investors.

For ATHX, a strong supply chain has never been more important. Recently, the company announced that it has a potentially viable treatment for coronavirus under development. Considering the pandemic nature of COVID-19, this development process will likely move quickly. As such, a strong supply chain will be needed in order to properly commercialize the drug.

All in all, ATHX seems to be making the right moves at the right time here!

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