Innovent Biologics, Inc. ("Innovent") announced the appointment of Dr. Samuel Zhang as its Global Chief Business Officer (CBO). In this role, Dr. Zhang will be responsible for Innovent's global strategy and business development, and his reporting line is Dr. Michael Yu, founder, Chairman and CEO of Innovent. Dr. Zhang brings over 20 years of industry experience across the entire drug research, development and commercialization spectrum.

He has a strong track record of success in identifying emerging industry trends and promising assets at an early stage, enabling major R&D decisions at large biopharmaceutical and small biotech companies, designing science-based fast to market development strategies to address large unmet medical needs, realizing commercial value in competitive markets, and facilitating large strategic transactions. Prior to joining Innovent, Dr. Zhang served as CBO at Gracell Biotechnologies and NeoImmuneTech. Most recently, Dr. Zhang led Gracell's global partnership discussions, which resulted in a $1.2B acquisition by AstraZeneca.

He has also held positions of increasing responsibility at Eli Lilly, Pfizer, Bristol-Myers Squibb, Novartis, and Merus. Dr. Zhang has a Ph.D. in Molecular Biology from Columbia University, an M.B.A. from the Wharton School of the University of Pennsylvania, and a B.S. in Biology from Peking University.