Pieris AG today announced the appointment of Stephen S. Yoder as CEO with immediate effect. Mr. Yoder takes over the position from interim CEO and co-founder Claus Schalper, who will remain CFO. Mr. Yoder joins Pieris from MorphoSys AG, where he was General Counsel and Head of Licensing & IP, responsible for company-wide legal & IP, as well as several areas in business development.

"We are delighted to have Steve on board to help drive the value of Pieris' proprietary Anticalin technology", commented Dr. Hans A. Kuepper, chairman of Pieris' Supervisory Board. "The company is truly moving into a new phase, where the first products are entering the clinic and the Anticalin technology platform is reliably delivering multiple drug candidates against many novel targets. Steve's strategic vision and excellent track record will be important assets in building significant value for Pieris. We look forward to his leadership in ushering in an era of innovation and deal making at the company."