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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

Pascal Biosciences names Carl Weissman acting President

April 1, 2019

VANCOUVER, BRITISH COLUMBIA, and SEATTLE, April 01, 2019 (GLOBE NEWSWIRE) -- Pascal Biosciences Inc. (TSX.V:PAS) (“Pascal” or the “Company”), a drug discovery and development company, today announced that Carl Weissman has joined the company in the role of acting President. Weissman is a veteran of the biotechnology industry, with more than two decades of experience that spans investing, founding, and managing emerging biotech companies. Dr. Patrick Gray will continue in his role as CEO and director of the Company.

Weissman most recently served as a biotech investment advisor for Lightspeed Venture Partners, a venture capital firm focused on accelerating innovations and trends in enterprise and consumer sectors. Prior to that, he served as consulting CEO of OSS Healthcare, a joint venture of MPM Capital and Novartis Oncology. In 2003 he co-founded Accelerator Corporation (now known as Accelerator Life Science Partners), a joint investment vehicle backed by a syndicate of venture capital firms. From 2003 to 2014 he served as CEO and chairman at Accelerator as well as all 10 companies invested in and managed by Accelerator. Weissman was also previously a venture partner at MPM Capital. While at MPM, he served as President and CEO of Centagenetix, a human genetics company in Cambridge, MA. Prior to joining MPM, he spent six years at Prolinx, Inc., where he held a number of positions, culminating as the head of both Finance and Business Development.

“Carl’s vast experience in directing and funding innovative companies in the biotechnology sector is invaluable and will serve Pascal well as we continue to advance our leading therapeutic product candidates and build shareholder value,” said Dr. Patrick Gray, CEO of Pascal.

“Pascal Biosciences has an exciting and promising product pipeline that includes ground breaking molecules specifically for brain cancers and, more broadly, enhancing checkpoint inhibitors,” said Weissman. “It’s rewarding to be involved in helping to further advance these opportunities to a point where they may substantially improve patient outcomes.”

About Pascal Biosciences Inc.

Pascal Biosciences is a biotechnology company focused on advancing innovative approaches for the treatment of cancer including cannabinoid-based therapeutics and targeted therapies. The company’s leading portfolio comprises a small molecule therapeutic, PAS-403, that is advancing into clinical trials for the treatment of glioblastoma, and PAS-393, an immuno-stimulatory cannabinoid to be used in combination with checkpoint inhibitor therapy. In addition, Pascal Biosciences is developing a B-cell targeted antibody for acute lymphoblastic leukemia. For more information, visit www.pascalbiosciences.com.

Investors: invest@pascalbiosciences.com

Media Contact: Julie Rathbun info@pascalbiosciences.com Tel: 206-769-9219

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