Athenex, Inc. appointed Nick Campbell as Chief Restructuring Officer. In this role, Mr. Campbell will support the Company's ongoing review of strategic alternatives to best position the Company to serve and create value for its stakeholders, building on recent actions to advance its focus on its NKT cell therapy platform and to monetize non-core assets. Mr. Campbell has served as a founder and Managing Partner of Meru, LLC (“MERU”) since it was formed in January 2017 and specializes in assisting companies across a variety of industries in identifying and addressing operational, organizational and financial matters.

MERU is also serving as a financial advisor to the Company. The services of Mr. Campbell and other MERU personnel are being provided pursuant to engagement letters between the Company and MERU. Mr. Campbell will not receive any compensation directly from the Company.