Axovant Sciences Ltd. announced that Chief Executive Officer David Hung, M.D., has resigned to pursue other opportunities and has also resigned from the Company's board of directors. In addition, President and Chief Operating Officer Marion McCourt has also resigned to pursue another opportunity, and directors Kate Falberg, Tony Vernon, and Patrick Machado have resigned as members of the Company's board of directors. Pavan Cheruvu, M.D., has joined Axovant as Chief Executive Officer.

Roger Jeffs, Ph.D., former President and co-CEO of United Therapeutics, and George Bickerstaff, former CFO of Novartis Pharma, have joined the Axovant board of directors. Dr. Hung will continue to serve as a scientific advisor to the Roivant family of companies. Dr. Pavan Cheruvu has held roles of increasing responsibility at Roivant and supporting Axovant since 2015 and was appointed to the Roivant executive leadership team in 2017.

A board-certified physician, Dr. Cheruvu completed his residency in internal medicine at Johns Hopkins Hospital and continued his training in a clinical fellowship in cardiovascular medicine at the University of California, San Francisco. Prior to his medical training, Dr. Cheruvu was a management consultant at McKinsey & Company, where he focused on biopharmaceutical strategy. Dr. Roger Jeffs has over 25 years of experience in the biopharmaceutical industry.

He recently served as President and co-CEO of United Therapeutics, where he led the company through the approval of six rare disease products and managed the company's development, regulatory, and commercial operations. Dr. Jeffs also served as a member of the company's board of directors from 2001 to 2016. Before joining United Therapeutics, he held positions in clinical development at Amgen and Burroughs Wellcome.

He is currently an early-stage investor in the biopharmaceutical industry, and serves on the boards of directors of Albireo Pharma, Axsome Therapeutics, Dova Pharmaceuticals, and Sangamo Therapeutics. George Bickerstaff was Chief Financial Officer of Novartis Pharma AG from 2000 to 2005. Before joining Novartis, Mr. Bickerstaff served as CFO to several other companies and he has served on the boards of directors for multiple public companies in the healthcare industry including ARIAD Pharmaceuticals and Innoviva.

Mr. Bickerstaff is currently a partner and the managing director of M.M. Dillon & Co., a healthcare and technology investment bank that he co-founded in 2005.