On November 20, 2017 the Board of Directors of XBiotech Inc. elected Sushma Shivawsamy, Ph.D. to serve as the company's Chief Scientific Officer (CSO). Dr. Shivaswamy has previously served as the Company's Vice President of Research and Development since January 2015 and has been with the Company since 2009 holding positions of Director of Research & Development (2011-2015) and Senior Scientist (2009-2011). As CSO, Dr. Shivaswamy will have all scientific and technical operations with respect to research and development and GMP production of antibody reporting to her.