Lisata Therapeutics, Inc. announced that Erkki Ruoslahti, M.D., Ph.D., has decided to retire from its Board of Directors effective July 11, 2023. Dr. Ruoslahti will remain associated with the Company, however, in a scientific advisory position. Dr. Ruoslahti stated that his decision reflects, in part, his confidence in both the progress made with the Company’s lead asset, LSTA1, and the strategy that Lisata is taking to exploit the full potential of this asset as well as a desire to reduce his international travel (Dr. Ruoslahti resides in Sweden).

Dr. Ruoslahti, a recent winner of the prestigious Albert Lasker Basic Medical Research Award, is the scientific founder of the CendR Platform® from which the Company’s lead development program, LSTA1, is derived. He has served on the Company’s Board of Directors and as Chair of its Science and Technology Committee since September 2022.