Erin Borger Named CEO at ExThera Medical

MARTINEZ, Calif. – ExThera Medical Corporation is pleased to announce Erin Borger has assumed the role of CEO of ExThera. Erin has been in finance for the last 20 years at both UBS and Morgan Stanley and brings with him a wealth of knowledge in the healthcare space. Robert Ward, Chairman, President, and Founder will continue in those roles while focusing on Research, Product Development/IP and Manufacturing Scale Up.

Erin most recently held the role of Managing Director and Director of Strategic Growth at UBS Financial Services Inc. Most notably he held the title of Market Head for Northern California where he oversaw 17 locations, and hundreds of employees. While at UBS he received the three most prestigious awards a manager could achieve including Branch Manager of the Year, Market Head of the Year, and in 2022 the Ed Connolly Award, the highest and most coveted award a field leader can earn at UBS. He also served as Executive Sponsor for the Young Professionals Network and was a Global Volunteer Award winner.

“I am honored to have the once in a lifetime opportunity to lead ExThera’s mission to save lives and I have an obligation to myself, my family, and the world to make sure ExThera succeeds.  Having reviewed companies all over the planet, ExThera has the opportunity to change the way we think about infectious disease and oncology. Our forward-looking vision for ExThera is clear, that we accelerate the availability of our life-saving technologies to the world through building a team, global commercialization, clinical trials and partnering with government entities,” said Erin Borger, CEO at ExThera.

Erin has been recognized for stabilizing and growing businesses while attracting top talent. Erin recruited Financial Advisors from Morgan Stanley, Bank of America/ML, J.P. Morgan, Wells Fargo, Janney Montgomery, First Republic, RW Baird, RBC, and elsewhere. 

“We are excited to have Erin build out the team. His ability to seek out and recruit top professionals will take ExThera to the next level, focusing on advancing ExThera technologies, in areas of oncology, sepsis, and COVID-19, some of which received breakthrough designation.” said Robert Ward, Chairman, President, and Founder of ExThera. “After 52 years in senior positions within the MedTech field, I am happy to turn over CEO duties to Erin while continuing to apply my core strengths and interests to device and biomaterials R&D/Manufacturing.”

Erin has been involved in the healthcare space for many years. He recently sat on the Board of Directors for the stem cell company Longeveron (NASD: LGVN) and is currently a Board Member of the Sepsis Alliance, the Applebaum Foundation, and ExThera Medical. Previously, Erin served as a Board Member of the National Parkinson’s Foundation, Easter Seals South Florida, F.I.N. Sea Foundation, Queen for a Day, and the Crockett Foundation. He also held roles on Avon Old Farm School’s National Council, Chris Evert Children’s Hospital Foundation Advisory Board, Cystic Fibrosis South Florida’s Advisory Board, Palisades Medical Center’s Foundation Board, and University of Miami – Miller School of Medicine’s Visiting Committee and Neurology Committee.

# # #

About ExThera Medical Corporation
ExThera Medical Corporation develops and commercializes extracorporeal blood filtration devices, including the Seraph^® 100 Microbind^® Affinity Blood Filter (Seraph 100) for removing a broad range of pathogens from the bloodstream of patients. Seraph 100 can be used in hospitals, clinics, on battlefields and in other austere environments to address nosocomial and community-acquired infections as well as those caused by battlefield wounds, pandemics, and biological warfare agents. ExThera Medical’s extracorporeal products have demonstrated life-saving capabilities in a wide range of critically ill patients suffering from sepsis, COVID-19, and many other severe bloodstream infections. With a growing body of outcome and health economic evidence from independent clinical studies, success in the DARPA Dialysis-Like Therapeutics program, and from successful clinical use in the U.S., the EU, and the Middle East, the company is well positioned to serve healthcare professionals and patients alike. 

The Seraph 100 Microbind Affinity Blood Filter (Seraph 100) attained CE Mark in 2019 and is commercially available in the EU for the treatment of blood stream infections. The Seraph 100 device has neither been cleared nor approved by the U.S. Food and Drug Administration (FDA) for any indication. The Seraph 100 has been authorized by FDA under an Emergency Use Authorization (EUA) to treat patients with COVID-19 infection. The Seraph 100 is authorized only for the duration of the declaration that circumstances exist justifying the authorization of the emergency use of the Seraph 100 device under section 564(b)(1) of the Act, 21 U.S.C. § 360bbb-3(b)(1), unless the authorization is terminated or revoked sooner.

For more information, visit the company’s website at http://www.extheramedical.com/.

About Seraph 100 and the ONCObind Procedure
As a patient’s blood flows through the Seraph^® 100 Microbind^® Affinity Filter (Seraph 100), it passes through a bed of small beads with receptors that mimic the receptors on human cells that pathogens target when they invade the body. Many harmful substances are quickly captured and adsorbed onto the surface of the beads and are thereby subtracted from the bloodstream. Seraph 100 adds nothing to the bloodstream. It targets the pathogens that cause the infection, while it also binds and removes harmful substances generated by the pathogen and by the body’s response to the infection. Seraph’s proprietary adsorption media (the beads) constitute a flexible platform that uses immobilized (chemically bonded) heparin for its well-established blood compatibility and its unique ability to bind circulating tumor cells, bacteria, viruses, fungi, and important sepsis mediators reported to contribute to organ failure during sepsis.

ExThera Medical is currently developing the ONCObind Procedure Hemoperfusion Filter (ONCObind) to support cancer treatment. ONCObind is part of the same platform technology as Seraph 100.

For more news stories on Seraph 100 and ONCObind, click here.

Disclaimer
All information contained in this news release derives from plausible, reliable sources, however they have not been independently examined or verified. There is no representation, warranty, or guarantee provided herein. Except as otherwise required by appliable law, all liability for any direct or indirect claims, damages or losses are hereby disclaimed whether or not foreseeable. This communication includes forward-looking statements regarding events, trends and business prospects that may affect our future operating results and financial position. Such statements are subject to risks and uncertainties that could cause our actual results and financial position to differ materially. Accordingly, the investment and/or the revenues that arise from it can rise or fall or fail entirely. We assume no responsibility to update or revise any statements contained in this news release, including forward-looking, to reflect events, trends, or circumstances that might arise after the date of this news release. Results from case studies (reviews) may not be predictive of future results.

MM0044 Rev A