On October 24, 2022 Sutro Biopharma, Inc. (Sutro or the Company) (NASDAQ: STRO), a clinical-stage oncology company pioneering site-specific and novel-format antibody drug conjugates (ADCs), reported that Chief Medical Officer, Arturo Molina, M.D., M.S., F.A.C.P. will be leaving the company to pursue other opportunities, effective November 4, 2022 (Press release, Sutro Biopharma, OCT 24, 2022, View Source [SID1234622308]). Sutro will continue its executive search for a new CMO. In the interim, Bill Newell CEO, with support from Sutro’s senior clinical development team, will oversee all clinical activities and related functions.

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"We thank Arturo for his many contributions to the Company and wish him well as he pursues his future endeavors," said Bill Newell, Sutro’s Chief Executive Officer. "We are at an exciting time in our company’s growth, with our platform yielding six next-generation, clinical-stage product candidates. I am confident in our team’s ability to execute on our clinical objectives for STRO-002, including the plans for a registrational directed trial in advanced ovarian cancer. Our experienced clinical and regulatory teams, together with our external clinical advisors—which I will directly oversee—remain fully engaged on our development of STRO-002."