Palisade Bio Appoints New CMO and CSO
Ticker: PALI · Form: 8-K · Filed: May 10, 2024 · CIK: 1357459
| Field | Detail |
|---|---|
| Company | Palisade Bio, Inc. (PALI) |
| Form Type | 8-K |
| Filed Date | May 10, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $7.90 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-appointment
TL;DR
Palisade Bio just hired a new CMO ($400k salary) and CSO ($375k salary) - big moves for their R&D!
AI Summary
Palisade Bio, Inc. announced on May 7, 2024, the appointment of Dr. Robert E. Smith as Chief Medical Officer and Dr. Jonathan M. Roth as Chief Scientific Officer. The company also disclosed that Dr. Smith will receive an annual base salary of $400,000 and Dr. Roth will receive an annual base salary of $375,000. Both appointments are effective immediately.
Why It Matters
The appointment of key scientific and medical officers signals a potential shift in the company's research and development strategy, which could impact its future drug pipeline and clinical trial progress.
Risk Assessment
Risk Level: medium — The appointment of new senior leadership in critical roles like Chief Medical Officer and Chief Scientific Officer can introduce uncertainty regarding strategic direction and execution, especially in the biopharmaceutical sector.
Key Numbers
- $400,000 — CMO Salary (Annual base salary for new Chief Medical Officer, Dr. Robert E. Smith.)
- $375,000 — CSO Salary (Annual base salary for new Chief Scientific Officer, Dr. Jonathan M. Roth.)
Key Players & Entities
- Palisade Bio, Inc. (company) — Registrant
- Dr. Robert E. Smith (person) — Appointed Chief Medical Officer
- $400,000 (dollar_amount) — Annual base salary for Dr. Robert E. Smith
- Dr. Jonathan M. Roth (person) — Appointed Chief Scientific Officer
- $375,000 (dollar_amount) — Annual base salary for Dr. Jonathan M. Roth
- May 7, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Medical Officer?
Dr. Robert E. Smith has been appointed as the new Chief Medical Officer.
What is the annual base salary for the new Chief Medical Officer?
The annual base salary for Dr. Robert E. Smith is $400,000.
Who has been appointed as the new Chief Scientific Officer?
Dr. Jonathan M. Roth has been appointed as the new Chief Scientific Officer.
What is the annual base salary for the new Chief Scientific Officer?
The annual base salary for Dr. Jonathan M. Roth is $375,000.
When were these appointments effective?
The appointments were effective immediately as of May 7, 2024.
Filing Stats: 752 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-05-10 16:52:30
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share PALI Nasdaq Capital Mark
- $7.90 — of ten (10) years, an exercise price of $7.90 per share, and vests in equal quarterly
Filing Documents
- form8-k.htm (8-K) — 41KB
- ex99-01.htm (EX-99.01) — 14KB
- ex99-01_001.jpg (GRAPHIC) — 2KB
- ex99-01_002.jpg (GRAPHIC) — 29KB
- 0001493152-24-018687.txt ( ) — 273KB
- pali-20240510.xsd (EX-101.SCH) — 3KB
- pali-20240510_lab.xml (EX-101.LAB) — 33KB
- pali-20240510_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 10, 2024 Palisade Bio, Inc. /s/ J.D. Finley By: J.D. Finley Chief Executive Officer