David Happel Appointed New CEO at Chrono Therapeutics Replacing Dr. Alan Levy, Ph.D.

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Outgoing CEO Dr. Alan Levy, Ph.D. commented, “I’m very pleased with the progress we have made over the last four years, including the excellent clinical results in our smoking cessation application as well as the progress we have made on our Parkinson’s disease and opioid-tapering programs that target important unmet clinical needs,” said Dr. Levy.  “With David’s background and experience in both the biotech and pharmaceutical industries, and his focus on commercialization, he is the ideal person to take the company through its next chapter.”

In responding to Dr. Levy, Mr. Happel said, “It is an honor to succeed Alan, and I am very excited to build on the foundation that has been created at Chrono Therapeutics as the company continues to advance its proprietary SmartDermal therapeutics and technology platform into the later stages of clinical development and commercialization.”

Mr. Happel joins Chrono Therapeutics from Horizon Pharma, PLC where he was executive vice president of commercial development and strategy. During his tenure at Horizon, Mr. Happel was responsible for the commercialization of Horizon’s five marketed orphan disease products and the development of Horizon’s rare disease pipeline portfolio. Prior to Horizon Pharma, he was the chief commercial officer of Raptor Pharmaceuticals where he had worldwide responsibility for the commercialization of Raptor’s two marketed orphan disease products and the development of Raptor’s pipeline portfolio. Previously, Mr. Happel held senior management positions at Allergen Research Corporation, Dynavax Technologies, Dr. Reddy’s Laboratories, Chiron Corporation and Intermune. Mr. Happel received his B.A. in chemistry from Indiana University and his M.B.A in marketing from Indiana State University.

“On behalf of the entire board, we thank Alan for his endless dedication and commitment to the company over the last four years. Under his leadership Chrono Therapeutics has built a rich pipeline of product candidates to address unmet needs in addictions and central nervous systems disorders with a vision to improve patient outcomes and lives,” said James Young, chairman of Chrono’s board of directors.