PhaseBio Pharmaceuticals, Inc. announced the expansion of its leadership team. Clay Thorp, general partner at Hatteras Venture Partners, has been named Executive Chairman of the board of directors, Jonathan P. Mow has assumed the role of Chief Executive Officer, and James Ballance, Ph.D., has been appointed Vice President, Research and Scientific Affairs. Mr. Thorp is a general partner with Hatteras Venture Partners and brings many years of experience in starting and building biotechnology companies.

Mr. Mow is a life sciences executive with more than 25 years of experience in biotech management. He previously served as Chief Business Officer of PhaseBio. Dr. Ballance has more than 25 years of experience in the biotech industry, within both small biotech and large pharma, specializing in early stage research, product development, cGMP manufacturing, technology transfer and the management of intellectual property.