Trailhead Biosystems Announces David Llewellyn, PhD, MBA, as Chief Executive Officer
BEACHWOOD, Ohio, May 20, 2025 /CNW/ -- Trailhead Biosystems Inc. (TrailBio.com), a biotechnology company pioneering the creation of iPSC-derived human cells at scale for drug discovery and cell therapy, is pleased to announce the appointment of David Llewellyn, PhD, MBA as its new Chief Executive Officer, and as a member of its Board of Directors. Dr. Llewellyn succeeds Jan Jensen, PhD, who has led the company as Chief Executive Officer and Chief Scientific Officer since its founding. Dr. Jensen will continue with Trailhead Biosystems as Chief Scientific Officer and Board member.
"We are pleased to welcome Dr. Llewellyn to the company," said Michael Kaufman, Chairman of the Board of Trailhead Biosystems. "David brings with him over 20 years of experience commercializing life science products. His strong scientific and business acumen will be invaluable as Trailhead continues to innovate and expand."
Dr. Jensen reflected on the transition, stating, "Trailhead Biosystems has reached an exciting inflection point, and bringing David Llewellyn on to the executive team marks the start of an ambitious new chapter. His expertise in life sciences and business strategy makes him the right leader to propel us onward, and I look forward to working alongside him to accelerate the commercialization of our groundbreaking technologies."
Dr. Llewellyn began his career at MethylGene Inc. as a Medicinal Chemist where he developed a wide range of novel DNA methyltransferase inhibitors to treat cancer. He later joined Aquinox Pharmaceuticals, where he was involved in a variety of different activities including business development, financing and operations. Most recently, Dr. Llewellyn worked with STEMCELL Technologies Inc., where he held several top executive roles including Senior Vice President of Business Operations, Chief Commercial Officer, and Chief Strategy Officer. David holds a BSc in Chemistry from the University of Northern British Columbia, a PhD in Organic Chemistry from McGill University, and an MBA in Strategic Management from the University of British Columbia.
"I am honored to step into the role of CEO and join the Board of Trailhead Biosystems," said Dr. Llewellyn. "Trailhead's proprietary High-Dimensional Design-of-Experiments Technology (HD-DoE ®) is a groundbreaking approach for making differentiated induced pluripotent stem cells, and there is no question that it's going to play an important role advancing stem cell research."
Trailhead Biosystems is dedicated to revolutionizing medical research and the field of regenerative medicine by developing specialized, high-quality iPSC-derived human cells for drug discovery and cell-based therapies. Under Dr. Llewellyn's leadership, Trailhead plans to expand on its mission of advancing healthcare through scientific innovation with a strong commitment to commercial and scientific excellence.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
SIGNIFICANT GOLD ASSAYS REPORTED IN ROCK SAMPLES FROM BARRANCO GOLD'S KING PROJECT
VANCOUVER, BC, June 9, 2025 /CNW/ - Barranco Gold Mining Corp. ("Barranco" or the "Company") (CSE: BAR) is pleased to report results from its initial rock sampling program conducted at the 100%-owned King Property, located approximately 50 km south of Merritt, British Columbia, in the Quesnel Terrane. The King Property consists of nine contiguous mineral claims covering 3,456 hectares. The Company's field team collected a total of 31 rock samples (grab and chip) from outcrops, float material, and altered zones across structurally controlled targets identified within the Main and Central Grid areas. Assays have returned encouraging gold values, with the highest result at 1.83 g/t gold, indicating a promising mineralized system. Rock Sampling Highlights • 31 rock samples collected Sample 906575 (grab): 1.83 g/t Au, 97 ppm cu, 131 ppm Zn Sample 440683 (70 cm chip): 1.39 g/t Au, 118 ppm Cu Additional samples showed elevated arsenic, antimony, zinc, and lead Coordinates were recorded using handheld GPS units and archived in the GIS database Assays performed at Activation Laboratories (ActLabs), Ancaster, Ontario, using fire assay (FA-AA) and ICP-OES Geological Context The King Property is underlain by multi-phase intrusive rocks of the Osprey Lake and Pennask Batholiths, intersected by quartz-feldspar porphyry dykes of the Otter Intrusion. Mineralization occurs along NE- and NW-trending fault zones and is interpreted to reflect a porphyry-epithermal hybrid system similar to other known deposits in southern British Columbia, such as Copper Mountain and Brenda Mine. Quality Assurance and Quality Control (QA/QC) Barranco followed a robust QA/QC protocol. Sample batches included blanks, field duplicates, and certified reference materials. All data was reviewed internally to verify laboratory accuracy. Sampling was conducted under supervision of experienced geological staff. Qualified Person The technical content of this press release has been reviewed and approved by Derrick Strickland, a Qualified Person as defined under NI 43-101. Mr. Strickland is independent of the Company and authored the NI 43-101 Technical Report on the King Property dated November 23, 2023. Cautionary Statements Grab samples are selective and may not be representative of the overall mineralization on the property. Geochemical and geophysical surveys are preliminary and do not confirm the presence of economically recoverable mineral resources Next Steps Barranco is currently integrating sampling results into a 3D geological model to prioritize targets for Phase 2 exploration. Upcoming activities are expected to include: Expansion of soil grids • IP geophysics Detailed structural mapping and trenching Drill targeting in late 2025 The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release. Forward-Looking Statement: This news release may contain statements that constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding, among other things, expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations of the Company's management, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. This forward- looking information may be affected by risks and uncertainties in the business of the Company and market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward- looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Cision Canada
2 hours ago
- Cision Canada
STAR DIAMOND CORPORATION ANNOUNCES DATE OF SPECIAL MEETING OF SHAREHOLDERS AND CONVERSION OF PROMISSORY NOTES
SASKATOON, SK, June 9, 2025 /CNW/ - Star Diamond Corporation (the "Company") (TSX: DIAM) is pleased to announce that, further to the Company's press release issued on May 16, 2025, a special meeting of the Company's shareholders will be held on July 29, 2025 (the "Meeting"). Only persons registered as holders of common shares of the Company ("Common Shares") as of the close of business on June 13, 2025 are entitled to receive notice of and to vote at the Meeting. The Meeting is being held in connection with the previously announced proposed private placement of units of the Company to Spirit Resources s.a.r.l. ("Spirit") for gross proceeds of Cdn. $4,000,000 (the "Private Placement"). At the Meeting, holders of Common Shares will be asked to, among other things, approve: (i) the waiver of the application of the Company's Amended and Restated Shareholder Rights plan dated May 30, 2023 (the "Shareholder Rights Plan") to the Private Placement and the termination of the Shareholder Rights Plan; (ii) the issuance of Common Shares and Common Share purchase warrants on the terms of the Private Placement, including the Private Placement materially affecting control of the Company; (iii) the election of two individuals nominated by Spirit to the board of directors of the Company in connection with the completion of the Private Placement; and (iv) any such other matters as may be agreed by the Company and Spirit. The Company also announces that it has issued an aggregate of 3,399,817 Common Shares (the "Conversion Shares") at a price of $0.045 per Conversion Share upon the voluntary conversion of existing convertible promissory notes of the Company issued on February 27, 2025 (the "Promissory Notes"). The issuance is in full satisfaction of principal and interest in the aggregate amount of Cdn. $152,991.78 due under the Promissory Notes. The Conversion Shares are subject to a statutory hold period expiring on June 28, 2025. Unless voluntarily converted prior to the completion of the Private Placement, the completion of the Private Placement would trigger the automatic conversion of the balance of the principal and interest then due under the Promissory Notes in accordance with the terms of the Promissory Notes. The offer and sale of the securities offered in the Offering has not been and will not be registered under the US Securities Act of 1933, as amended, or any state securities laws, and such securities may not be offered or sold in the United States absent registration or applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction in which the offer, sale or solicitation would be unlawful. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United States unless an exemption from such registration is available. About Star Diamond Corporation The Company is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the Toronto Stock Exchange under the trading symbol "DIAM". The Company's most significant asset is its interest in the Fort à la Corne property in central Saskatchewan. These diamondiferous kimberlites are located in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. CAUTION REGARDING FORWARD-LOOKING INFORMATION This press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. The use of any of the words "anticipate", "plan", "aim", "target", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential", "possible", "capable" and similar expressions are intended to identify "forward-looking statements. Forward-looking statements in this press release include, but are not limited to, expectations regarding the completion of the Private Placement, including with respect to obtaining shareholder and regulatory approvals in connection therewith, and the resulting automatic conversion of the Promissory Notes. These forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the receipt of applicable shareholder and regulatory approvals, availability of financing, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings and the additional risks described the Company's most recently filed Annual Information Form, and annual and interim MD&A. Although management of the Company considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to the Company, those assumptions may prove to be incorrect. When making decisions with respect to the Company, investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk.
Cision Canada
3 hours ago
- Cision Canada
CT REIT Completes Offering of $200M 4.292% Series J Senior Unsecured Debentures due June 9, 2030 Français
TORONTO, June 9, 2025 /CNW/ - CT Real Estate Investment Trust ("CT REIT") (TSX: announced today that it has completed its previously announced issuance, on a private placement basis in certain of the provinces of Canada (the " Debenture Offering"), of $200 million aggregate principal amount of series J senior unsecured debentures with a 5-year term and a coupon of 4.292% per annum (the " Series J Debentures"). CT REIT intends to use the net proceeds of the Debenture Offering for the repayment of existing indebtedness. The Series J Debentures have been rated "BBB" with a stable trend by Morningstar DBRS. The Series J Debentures are direct senior unsecured obligations of CT REIT. The Debenture Offering was led by CIBC Capital Markets, BMO Capital Markets and RBC Capital Markets. The Series J Debentures offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Series J Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful. About CT Real Estate Investment Trust CT REIT is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totaling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties located across Canada. Canadian Tire Corporation, Limited is CT REIT's most significant tenant. For more information, visit Forward–Looking Statements This press release contains statements and other information that constitute "forward-looking information" or "forward-looking statements" under applicable securities legislation (collectively, "forward-looking statements") that reflect CT REIT's current expectations relating to future events, including but not limited to the use of proceeds of the Debenture Offering. By its very nature, forward-looking information requires the use of estimates and assumptions and is subject to inherent risks and uncertainties. It is possible that CT REIT's assumptions, estimates, analyses, beliefs, and opinions are not correct, and that CT REIT's expectations and plans will not be achieved. For more information on the risks, uncertainties, factors and assumptions that could cause CT REIT's actual results to differ from current expectations, refer to section 5 "Risk Factors" of CT REIT's Annual Information Form for fiscal 2024, and to sections 12.0 "Enterprise Risk Management" and 14.0 "Forward-looking Information" of CT REIT's MD&A for Q1 2025 and fiscal 2024, as well as CT REIT's other public filings, all of which are available at and at CT REIT does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws. SOURCE CT Real Estate Investment Trust (CT REIT)
