Personalis Grows Leadership Team with Appointment of Christopher Hall as Senior Vice President and Head, Diagnostics Business
October 31 2022 - 04:16PM
Business Wire
Personalis, Inc. (Nasdaq: PSNL), a leader in advanced genomics
for cancer, today announced the appointment of Christopher Hall as
SVP and Head, Diagnostics Business. As part of the executive
leadership team, Hall will drive the vision and strategy for
commercializing Personalis’ diagnostic product offerings.
“We are excited to welcome Chris given his immense experience in
successfully scaling diagnostics businesses,” said John West, CEO
of Personalis. “He is a great fit for Personalis as we expand into
the clinical market. His track record is impressive – from CEO of a
health technology start-up focused on multi-omics, to prior roles
including leading Veracyte’s commercial organization, launching its
products, and growing the business to nearly $100 million in
diagnostic revenue.”
Hall brings over 20 years of experience in general management
and product development within the diagnostics industry, most
recently as CEO of Naring Health, Inc. Previously, he served as
President, COO, and Chief Commercial Officer at Veracyte, Inc.,
where he led the company’s commercial entry into endocrinology and
pulmonology and scaled its operational groups. Hall also served as
SVP and Chief Business Officer at Berkeley HeartLab, Inc. (part of
Celera Corporation), where he helped a new product launch and
restructured operations to improve profitability and streamline
delivery of services.
Hall holds BA in political science and economics from DePauw
University and an MBA from Harvard Business School.
Inducement Awards
Effective on October 31, 2022, the Compensation Committee of
Personalis' Board of Directors granted non-qualified stock options
to purchase an aggregate of 275,000 shares of its common stock and
restricted stock units (RSUs) covering an aggregate of 225,000
shares of its common stock to Hall under Personalis’ 2020
Inducement Plan. The inducement awards were granted to Hall as an
inducement material to his entering into employment with
Personalis, pursuant to Rule 5635(c)(4) of the Nasdaq Listing
Rules. The inducement stock options have an exercise price of $2.67
per share, which is equal to the closing price of Personalis’
common stock on October 31, 2022, and will vest over four years,
with 25% of the shares vesting on the first anniversary of the
grant date and 1/36th of the remaining shares vesting monthly
thereafter, subject to continued service through each applicable
vesting date. The RSUs will vest over four years, with 25% of the
shares vesting on the first anniversary of the grant date and an
additional 25% of the shares vesting annually thereafter, subject
to continued service through each applicable vesting date.
About Personalis
Personalis, Inc. is a leader in advanced cancer genomics,
enabling the next generation of precision cancer therapies and
diagnostics. The Personalis NeXT Platform® is designed to adapt to
the complex and evolving understanding of cancer, providing its
biopharmaceutical customers and clinicians with information on all
of the approximately 20,000 human genes, together with the immune
system, from a single sample. To enable cancer sequencing,
Personalis' Clinical Laboratory was built with a focus on clinical
accuracy, quality, big data, scale, and efficiency. The laboratory
is GxP-aligned as well as Clinical Laboratory Improvement
Amendments of 1988-certified and College of American
Pathologists-accredited. For more information, visit the Personalis
website and News Center follow Personalis on LinkedIn and
Twitter.
Forward-Looking Statements
All statements in this press release that are not historical are
“forward-looking statements” within the meaning of U.S. securities
laws, including statements relating to attributes or advantages of
the NeXT Platform, Personalis’ business opportunities, leadership,
plans, or expectations, or other future events. Such
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from any
anticipated results or expectations expressed or implied by such
statements. Factors that could materially affect actual results can
be found in Personalis’ filings with the U.S. Securities and
Exchange Commission, including Personalis’ most recent reports on
Forms 8-K, 10-K and 10-Q, and include those listed under the
caption “Risk Factors.” Personalis disclaims any obligation to
update such forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20221031005594/en/
Investor Relations Contact for Personalis: Caroline
Corner investors@personalis.com www.westwicke.com 415-202-5678
Media Contact for Personalis: Jennifer Temple
pr@personalis.com www.personalis.com 650-752-1300
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