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MedTech Outlook | Monday, March 09, 2020
Dov Elefant has been chosen as Chief Financial Officer at Femasys.
FREMONT, CA: “I am incredibly excited to bring Dov on board, not only because of his established record of success in finance and accounting at public biopharmaceutical companies but also because of his exceptional leadership capabilities," states Kathy Lee-Sepsick, president, chief executive officer and founder of Femasys. Femasys, a biomedical company focused on meeting women's global needs through developing a portfolio of product candidates, including minimally invasive, in-office reproductive health technologies, has hired Dov Elefant as a chief financial officer (CFO), effective February 28, 2022. Mr. Elefant has over 25 years of financial management experience in the biopharmaceutical industry, both public and private.
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“Dov’s experience overseeing fundraising, licensing deals and M&A transactions, as well as positioning companies who have transitioned to the public markets, will be invaluable to Femasys as we continue to evolve,” adds Lee-Sepsick.
Mr. Elefant has a demonstrated track record as a top worldwide financial specialist with financial reporting, fundraising, and mergers & acquisitions skills. He recently served as vice president and chief financial officer of Cellectar Biosciences, a clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing targeted cancer therapies. Mr. Elefant formerly served as Chief Financial Officer of Celsus Therapeutics until the company was acquired by Swiss company Volution Immuno Pharmaceuticals in 2015 and renamed Akari Therapeutics Plc. Mr. Elefant formerly served as Chief Financial Officer at Althera Medical Ltd; a medical device business focused on cancer therapeutics. Earlier in his career, he supervised business operations for various other finance departments at Lev Pharmaceuticals, EpiCept Corporation, Alteon, Inc., and Innapharma, Inc., including directing equity and debt financings and licensing transactions. Mr. Elefant earned a bachelor's degree in accounting from Yeshiva University's Sy Syms School of Business in New York, New York.
"I am thrilled to join Femasys executive team and build upon the company's momentum as it advances its mission of bringing superior first-in-class technologies to underserved areas of women's health. I look forward to furthering the company's strategic direction and growth as it works towards completing the development of its novel biomedical alternatives in infertility and permanent birth control for women worldwide and seeks expansion of its commercial footprint. As value is enhanced in these programs, my goal will be to translate this value to all of Femasys stakeholders," comments Mr. Elefant.
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