CORRECTING and REPLACING Former FDA and NIH Leader Dr. Vicki Seyfert-Margolis Joins Penrose TherapeuTx Scientific Advisory Board

Please replace the release with the following corrected version due to multiple revisions in the first and third paragraphs, as well as correcting all instances of "MyOwnMed" to "My Own Med, Inc." in the release text and image caption.

The corrected release reads:

FORMER FDA AND NIH LEADER DR. VICKI SEYFERT-MARGOLIS JOINS PENROSE THERAPEUTX SCIENTIFIC ADVISORY BOARD

Penrose scientific advisory board includes prominent research and regulatory experts in oncology, immunology and mitochondrial science

Penrose TherapeuTx, a pharmaceutical company focused on developing innovative small-molecule therapies for the treatment of advanced cancers, today welcomed Dr. Vicki Seyfert-Margolis, Chief Executive Officer and Founder of My Own Med, Inc. to our scientific advisory board. My Own Med, Inc. uses its easily configurable enterprise digital platform supporting diverse decentralized clinical trials and COVID-19 solutions to streamline clinical research and provide a broader real-world view of clinical research participants. A prominent strategic advisor in regulatory science, Dr. Seyfert-Margolis has nearly two decades of past experience in innovative clinical trials, biomarker discovery, digital technology, and science policy from positions held in U.S. Food and Drug Administration (FDA), the Immune Tolerance Network (ITN) and in the Director's Office of the National Institute of Allergy and Infectious Diseases (NIAID). Dr. Seyfert-Margolis is the latest addition to world-class scientific advisory board with experts who have contributed to the Nobel Prize and led groundbreaking oncology and mitochondrial research efforts.

"We are thrilled to welcome Dr. Seyfert-Margolis as the latest world-renowned expert to join our high-caliber team of scientific advisors," said Mark de Souza, Chief Executive Officer at Penrose TherapeuTx. "Dr. Seyfert-Margolis is a respected regulatory and research expert, and her insights will be vital as we move forward in the next phase of development for our novel mitochondrial research platform."

Dr. Seyfert-Margolis served as a Senior Advisor for Science Innovation and Policy in the Office of the Commissioner of the FDA for 6 years of the Obama Administration. She also served as the Director of the Office of Innovative Scientific Research Technologies at the NIAID, where she worked to integrate emerging technologies into existing immunology and infectious disease programs. Additionally, Dr. Seyfert-Margolis worked as the Chief Scientific Officer at the ITN, an international, nonprofit research consortium seeking new treatments for diseases of the immune system, which is supported by the NIAID and the National Institute of Diabetes and Digestive and Kidney Diseases, of the NIH, and the Juvenile Diabetes Research Foundation International.

Dr. Seyfert-Margolis joins an established advisory board of leading experts in oncology, immunology and mitochondrial science, including Navdeep Chandel, Ph.D., Professor of Medicine, Biochemistry and Molecular Genetics at the Northwestern University Feinberg School of Medicine, Mircea Ivan, Ph.D., M.D., Associate Professor of Medicine at the University of Indiana School of Medicine, David Rubin, M.D., Joseph B. Kirsner Professor Chair, Chief of the Section of Gastroenterology, Hepatology and Nutrition and Co-Director, Digestive Diseases Center at the University of Chicago Medicine, Patrick Farmer, Ph.D., Professor and Chair of the Department of Chemistry and Biochemistry at Baylor University and James Stankiewicz, M.D., Professor of Otolaryngology at the Loyola University Medical Center.

"I am excited to join Penrose's scientific advisory board as the company moves ahead with a truly novel approach to fighting cancer," said Dr. Vicki Seyfert-Margolis. "The mitochondrial approach to oncology therapy is one that is completely distinct from other therapies and incredibly promising."

Dr. Seyfert-Margolis founded My Own Med, Inc., a clinical medical research organization focused on using real-world evidence to drive healthcare innovation, in 2013 as a way to optimize therapies for patients using a patient-centric technology-driven clinical research approach. She completed her Ph.D. in immunology at the University of Pennsylvania's School of Medicine and her post-doctoral fellowship work at Harvard University and the National Cancer Institute.

About Penrose TherapeuTx

Penrose TherapeuTx is a U.S.-based pharmaceutical company focused on developing innovative small-molecule therapies for the treatment of advanced cancers. Penrose has pioneered the development of a novel Mitochondrial Modifying Agent (MMA) therapeutic platform designed to generate therapies for difficult to treat cancers through a unique cooperative mechanism of action. Our approach has potential broad applicability across both hematologic and solid tumors. Learn more at https://penrosetherapeutx.com.