iOnctura Names New CFO and COO to Strengthen Leadership

Company - People | Feb 06, 2025 | Syncona

iOnctura Names New CFO and COO to Strengthen Leadership

iOnctura, a clinical-stage biopharmaceutical company focused on tackling neglected and challenging cancers, has made key additions to its leadership team by appointing Steven Sciuto as Chief Financial Officer (CFO) and Michelle Tsai as Chief Operating Officer (COO). These appointments are aligned with the company's strategic moves for further development and market penetration, following the initiation of Phase II studies for their lead asset, roginolisib. Steven Sciuto brings extensive experience in scaling finance operations and fundraising across the life sciences sector, highlighting a strong track record in securing over $400 million in financings. He previously worked at Neurogene Inc. Michelle Tsai joins with a robust background in oncology and pharmaceutical commercialization, having led successful global launches for Novartis. Her expertise in strategy and lifecycle planning is expected to play a pivotal role in advancing iOnctura's pipeline. iOnctura's main drug, roginolisib, is being developed as a promising PI3K inhibitor for treating cancers with historically difficult treatment profiles due to its unique allosteric modulation mechanism. The company is supported by institutional investors including Syncona, M Ventures, Inkef Capital, and others. Based in Geneva and Amsterdam, iOnctura is positioning itself for transformative growth and aims to create life-changing therapies.

Sectors

  • Biopharmaceuticals
  • Private Equity
  • Oncology

Geography

  • Switzerland – iOnctura has a subsidiary in Geneva, Switzerland, which is central to its operations and reflects its European focus.
  • Netherlands – iOnctura is headquartered in Amsterdam, The Netherlands, indicating its strategic placement within Europe for scientific and business development.

Industry

  • Biopharmaceuticals – The article discusses iOnctura, a biopharmaceutical company involved in developing treatments for neglected and hard-to-treat cancers.
  • Private Equity – Syncona, a private equity firm, backs iOnctura, highlighting the dynamic role of investment firms in funding biotech advancements.
  • Oncology – iOnctura's focus is specifically on oncology, developing drugs for cancers through innovative pathways.

Financials

  • Over $400 million – Funds raised by Steven Sciuto in previous roles through private and public financings.

Participants

NameRoleTypeDescription
iOncturaTarget CompanyCompanyA clinical-stage biopharmaceutical company focused on developing treatments for neglected and hard-to-treat cancers.
SynconaInvestorCompanyA specialist institutional investor supporting iOnctura's development and growth.
Steven SciutoChief Financial OfficerPersonAppointed CFO of iOnctura with a background in finance leadership and capital markets in the life sciences industry.
Michelle TsaiChief Operating OfficerPersonAppointed COO of iOnctura, with experience in oncology and pharmaceutical commercialization.
Catherine PickeringChief Executive OfficerPersonCEO and co-founder of iOnctura, leading the company towards its strategic growth phase.
Optimum Strategic CommunicationsPR FirmCompanyHandling corporate communications and press relations for iOnctura.