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May 29, 2015 10:56 PM ET

Biotechnology

Company Overview of Nivalis Therapeutics, Inc.

Company Overview

Nivalis Therapeutics, Inc., a clinical stage pharmaceutical company, focuses on the discovery, development, and commercialization of product candidates for patients with cystic fibrosis (CF). CF is a life-shortening genetic disease. Its lead product candidate is N91115, a small molecule that is in Phase Ib clinical trial, which addresses a defect in cystic fibrosis transmembrane conductance regulator (CFTR), resulting from mutations in the CFTR gene. The company was formerly known as N30 Pharmaceuticals, Inc. and changed its name to Nivalis Therapeutics, Inc. in February 2015. Nivalis Therapeutics, Inc. was founded in 2007 and is headquartered in Boulder, Colorado.

3122 Sterling Circle

Suite 200

Boulder, CO 80301

United States

Founded in 2007

23 Employees

Phone:

720-945-7700

Key Executives for Nivalis Therapeutics, Inc.

Chief Executive Officer, President and Director
Age: 51
Chief Financial Officer and Secretary
Age: 56
Chief Operating Officer
Age: 56
Vice President of Research & Discovery
Age: 52
Vice President of Clinical Research & Development and Medical Director
Age: 62
Compensation as of Fiscal Year 2014.

Nivalis Therapeutics, Inc. Key Developments

N30 Pharmaceuticals, Inc. has Changed its Name to Nivalis Therapeutics, Inc

N30 Pharmaceuticals, Inc. changed its name to Nivalis Therapeutics, Inc.

Nivalis Therapeutics, Inc. Auditor Raises 'Going Concern' Doubt

Nivalis Therapeutics, Inc. filed its Annual on Feb 13, 2015 for the period ending Dec 31, 2013. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

N30 Pharmaceuticals Appoints R. Michael Carruthers as Chief Financial Officer

N30 Pharmaceuticals, Inc. announced that R. Michael Carruthers has been appointed to the position of chief financial officer (CFO). Mr. Carruthers brings more than 25 years of executive-level financial expertise to N30 Pharma. Most recently, Mr. Carruthers served on Array BioPharma Inc.'s executive team as the CFO, where he executed the company's initial public offering and multiple follow-on equity and debt fund raises. Mr. Carruthers is also experienced in strategic planning and managing organizations through rapid growth, and with transactions and negotiations involving partnering, licensing, drug discovery and clinical development. Prior to joining Array, Mr. Carruthers served as CFO of Sievers Instrument, Inc., and before joining Sievers was the treasurer and controller for the Waukesha division of Dover Corporation. Mr. Carruthers was previously employed as an accountant with Coopers & Lybrand, LLP. Mr. Carruthers received a B.S. in accounting from the University of Colorado and a M.B.A. from the University of Chicago.

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