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New CEO Appointed at AxoSim as Company Prepares for Major Capital Raising

AxoSim, a New Orleans-based life sciences company, announced on Tuesday that founder Lowry Curley will be stepping down as CEO to make way for a new leader as the company gears up for a significant capital raising later this year.

The new CEO, Alif Saleh, joins the company from Boston-based Scipher Medicine, specializing in immunology technology, where he served as CEO for the past eight years. With previous experience in running divisions for major biotech companies in Asia, Saleh brings a wealth of knowledge and expertise to AxoSim.

With the changing leadership, Curley, who co-founded the firm 10 years ago, will transition to the role of chief scientific officer to focus more on the company’s research and development efforts.

This era of transition at AxoSim signifies a critical juncture for the company as it prepares for growth and expansion opportunities in the life sciences industry.

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Acquisition and Expansion Initiatives

AxoSim’s initial technology, stemming from Curley’s graduate research at Tulane University, has paved the way for the development of innovative products that revolutionize non-animal neurological testing using stem cells in a laboratory setting, known as the “brain-on-a-chip” platform.

In a strategic move to enhance its capabilities, AxoSim recently completed the acquisition of Vyant Bio’s Minneapolis-based StemoniX subsidiary, expanding its drug-testing platform and research facilities. This acquisition aligns with the company’s vision for growth and innovation in the life sciences sector.

With a major funding round on the horizon, the appointment of Alif Saleh as CEO underscores AxoSim’s commitment to scaling its operations and market presence. Saleh’s track record in raising capital and building successful sales organizations positions AxoSim for future growth and strategic partnerships.

As AxoSim diversifies its product development into degenerative neurological diseases beyond Parkinson’s and Alzheimer’s, the company is poised to capitalize on emerging opportunities in areas like epilepsy and seizures.

Embracing the potential for expansion, AxoSim remains at the forefront of the industry, poised to leverage regulatory changes that facilitate non-animal testing for pharmaceutical products and pave the way for future collaborations with leading drug companies.

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