NeonMind Biosciences Inc. announced that Rob Tessarolo, a director on the NeonMind Board of Directors, was appointed Chief Executive Officer on December 7, 2022. Mr. Tessarolo replaces Penny White, who has resigned as Chief Executive Officer as of December 7, 2022, but continues to serve as a director of the Company. Rob joined the Company in January 2021 and is an experienced executive who brings over 25 years of experience in management.

The CEO and Board of Directors are currently reviewing new opportunities and are seeking a buyer for the Company's drug development program.