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Innovate Biopharmaceuticals names director

Innovate Biopharmaceuticals Inc. appointed Saira Ramasastry as a board member.

Ramasastry's appointment follows the resignation of Anna Kazanchyan, who plans to spend more time on her business ventures. Ramasastry has served as managing partner of Life Sciences Advisory LLC, a consulting firm, since 2009.

Raleigh, N.C.-based Innovate Biopharmaceuticals is a clinical-stage biopharmaceutical company, which develops medicines for autoimmune and inflammatory diseases.