CAMBRIDGE, Mass. & BRISBANE, Australia– Vaxxas, a clinical-stage biotechnology company commercializing a novel vaccination platform, today announced another key addition to its executive leadership team with the appointment of Doug Cubbin as Chief Financial Officer. Doug joins Vaxxas as the company experiences significant growth and advances toward commercialization of its high-density microarray patch (HD-MAP) vaccine delivery technology.
A highly qualified executive leader, Doug has more than 30 years’ experience in finance, M&A, and business development. Most recently, Doug was the Group Chief Financial Officer at Telix Pharmaceuticals Limited, a global ASX 200 biopharmaceutical company focused on the development and commercialization of diagnostic and therapeutic products.
During his tenure at Telix, Doug helped grow the market capitalization of the business to AU$2.3 billion (US$1.6 billion) and built a global finance team. He was also a key member of the team who successfully completed the Telix IPO, and subsequent capital raises, with a total of AU$270 million (US$180 million) raised. During Doug’s time with Telix, the company made four acquisitions.
Prior to Telix, Doug held roles of Chief Financial Officer and Chief Operating Officer at ANSTO, Executive Chairman of ANSTO Nuclear Medicine, and Chief Financial Officer at DHL Oceania and South Pacific.
“It’s been an incredible period of growth for Vaxxas and we are pleased to be strengthening our team with the appointment of Doug Cubbin as Chief Financial Officer,” Vaxxas Chief Executive Officer David Hoey said. “Doug’s extensive experience spans wide geographical regions, diverse market sectors, and complex regulatory environments, which brings tremendous value as we commercialize our vaccination technology platform.”
Vaxxas Chief Financial Officer Doug Cubbin added, “The opportunity Vaxxas has to introduce a novel solution to traditional vaccination methods is incredibly exciting. I’m thrilled to be joining the business at this critical juncture and look forward to seeing the company continue to grow as we work towards bringing our first vaccination patch to market.”
Doug’s appointment follows the recruitment to Vaxxas of Scott Fry as Chief Operating Officer and Daniel Devine as Chief Business Officer and General Counsel, earlier this year. Scott and Daniel joined Vaxxas from Ellume Limited and Mesoblast Limited, respectively.
Vaxxas continues to experience significant growth and currently employs over 110 people. To support this growth, Vaxxas will move into a state-of-the-art manufacturing facility being built by the Queensland Government in Brisbane in early 2023.
