Entera Bio Ltd. announced that Dr. Phillip Schwartz, the Company's President of Research & Development and Founder, will resign from his current role effective July 21, 2022 to pursue other opportunities. Dr. Schwartz also stepped down from the Company's Board of Directors, effective June 15, 2022. Dr. Schwartz's resignation was not a result of any disagreement with the Company and Dr. Schwartz will remain as a consultant to the Company.

Bringing in his expertise from various development and commercialization roles at Merck KGaA-Serono and Endo Pharmaceuticals, Dr. Schwartz was a co-founder of Entera Bio in 2009 and led the Company as Chief Executive Officer through 2019 and its IPO in 2018.