Investing.com -- Zura Bio Ltd (NASDAQ:ZURA) stock rose 5.4% on Wednesday after the clinical-stage biotechnology company announced the appointment of Sandeep Kulkarni, M.D. as Chief Executive Officer, effective January 21, 2026.
Dr. Kulkarni, who will continue serving as a Director of Zura, succeeds Kim Davis, J.D., who has been serving as Interim CEO since October 2025. Davis stepped in following a medical leave of absence by CEO Robert Lisicki, who is now resigning from his position and board seat.
The new CEO brings over two decades of experience in biotechnology, investment, entrepreneurship, and medicine. Most recently, he co-founded and served as CEO of Tourmaline Bio until its acquisition by Novartis, which closed in October 2025.
"I’ve been a part of the Zura journey since Day One, and I’m thrilled to be expanding my role and leading Zura through this exciting and critical period," said Dr. Kulkarni.
Dr. Kulkarni has been a member of Zura’s Board of Directors since the company’s Nasdaq listing in March 2023 and previously served as a director of Zura’s predecessor company since its inception in March 2022.
Zura Bio is developing tibulizumab, described as the first- and only-in-class bispecific antibody blocking the IL-17 and BAFF pathways for treating autoimmune diseases. According to the company, it expects two potentially transformative readouts over the next 18 months.
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