Chris Cabell
About Chris Cabell
Chris Cabell, M.D., M.H.S., F.A.C.C. is President and Head of Research & Development at Inhibikase Therapeutics (IKT) since February 21, 2025; he is a cardiologist with 30+ years in biopharma, previously CMO at Arena Pharmaceuticals, Emergent BioSolutions, and Zura Bio, and CEO of CorHepta prior to its acquisition by IKT; age 56; Fellow of the ACC; >100 peer-reviewed publications; degrees from Penn State and Duke (MD, MHS) . Key corporate performance metrics (TSR, revenue, EBITDA) for his tenure are not disclosed in filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| CorHepta Pharmaceuticals, Inc. | Chief Executive Officer | Aug 2024 – Feb 2025 | Led PAH-focused R&D; CorHepta acquired by IKT on Feb 21, 2025 . |
| Zura Bio Limited | Chief Medical Officer, EVP | Jan 2023 – Jan 2024 | Directed clinical strategy and programs . |
| Emergent BioSolutions Inc. | Chief Medical Officer; Head of Clinical Development | Feb 2021 – Jan 2023 | Led clinical development at a global life sciences company . |
| Arena Pharmaceuticals, Inc. | SVP Head of Clinical Development; CMO; EVP Head of R&D | Oct 2017 – Jun 2020 | PAH clinical efforts on ralinepag critical to successful license to United Therapeutics . |
| Quintiles/QuintilesIMS | Chief Medical & Scientific Officer; Global Head roles | ~10 years (prior to Duke/Arena) | Global leadership across medical/project management and business development . |
| Duke University School of Medicine | Associate Professor of Medicine (Cardiology) | Prior to industry | Academic cardiology; >100 peer-reviewed publications . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Pulmatrix Inc. | Director | Since Jul 2020 | Public company board experience . |
| HD Consulting Services, LLC | Founder | Since Dec 2020 | Consulting and BD leadership . |
Fixed Compensation
| Component | Value | Notes |
|---|---|---|
| Base Salary | $500,000 | Per Employment Agreement signed Feb 21, 2025 . |
| Target Bonus % | Up to 45% of base | Initial annual performance-based cash incentive . |
| Actual Bonus Paid | Not disclosed | No disclosure of payouts to date . |
Performance Compensation
Annual Cash Incentive
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Performance metrics (corporate/clinical) | Not disclosed | Up to 45% of base | Not disclosed | Not disclosed | Cash; annual . |
Stock Options – Hire Option
| Grant | Shares | Exercise/Strike | Vesting | Expiration | Notes |
|---|---|---|---|---|---|
| Hire Option | 1,100,705 | Not disclosed | Vests in 3 equal installments on 2nd, 3rd, 4th anniversaries of hire | Not disclosed | Granted Feb 21, 2025 . |
Stock Options – Warrant Adjustment Option (WAO)
| Grant | Shares | Exercise/Strike | Vesting | Exercisability Linkage | Notes |
|---|---|---|---|---|---|
| Warrant Adjustment Option | 1,709,295 | Not disclosed | Vests in 3 equal installments on 2nd, 3rd, 4th anniversaries of hire | Becomes exercisable only in proportion to actual exercises of Company Series A‑1 and Series B‑1 Warrants | Granted Feb 21, 2025 . |
Equity Ownership & Alignment
- Initial equity grants: 2,810,000 stock options in total (1,100,705 Hire Option + 1,709,295 WAO) with multi‑year vesting and WAO exercisability tied to warrant exercises .
- Beneficial ownership position (shares owned or exercisable within 60 days) for Dr. Cabell is not separately disclosed in the May 1, 2025 beneficial ownership table; executive officers and directors as a group held 5,587,156 shares (7.3%) at May 1, 2025, but individual data for Dr. Cabell is not listed .
- Hedging and pledging of Company stock are prohibited under IKT’s insider trading policy; Rule 10b5‑1 plan usage permitted if set while not in possession of MNPI .
- Company maintains a compensation clawback policy consistent with SEC/Nasdaq rules (recovery of incentive compensation upon required restatements) .
Employment Terms
| Provision | Economics / Terms | Triggers/Conditions |
|---|---|---|
| Employment Agreement effective | Feb 21, 2025 | Signed upon appointment as President & Head of R&D . |
| Severance – Non‑CIC | Cash equal to 9 months base salary; monthly health contribution payments up to 9 months; earned prior‑year bonus; pro‑rated current‑year bonus; accelerated vesting of a prorated portion of Options per formula (subject to 12+ months service and release) | Termination by Company without Cause or by executive for Good Reason outside the Change‑in‑Control period; release and compliance required; WAO only exercisable per its terms (proportional to warrant exercises) . |
| Severance – CIC period | Not disclosed | CIC period defined in Employment Agreement; specific CIC severance economics for Dr. Cabell not detailed in the 8‑K . |
| Accrued Obligations | Base salary through termination date; unpaid expense reimbursements; vested benefits under Company plans | Payable on any termination . |
| Indemnification | Standard IKT indemnification agreement executed | Filed S‑1 Exhibit 10.9 reference . |
Investment Implications
- Multi‑year vesting with a two‑year initial cliff aligns retention: both options vest in equal tranches at the 2nd, 3rd, and 4th anniversaries, limiting near‑term selling pressure before 2027 .
- WAO exercisability tied to warrant exercises ties executive equity realization to external capital structure actions, potentially delaying liquidity and aligning incentives to financing outcomes .
- Governance guardrails (hedging/pledging ban; Rule 10b5‑1 policy; SEC/Nasdaq clawback) support alignment and reduce hedging/pledging red flags .
- Severance outside CIC (9 months base + health + bonus components + prorated vesting) suggests moderate retention cost if departure; CIC details for Cabell not disclosed, but broader corporate practice includes option repricing (Oct 2024) for other insiders, a potential compensation risk signal to monitor for future award modifications .
- Track record in PAH (ralinepag licensing success at Arena) and cardiology expertise strengthen execution prospects for IKT’s PAH program (IkT‑001) under his R&D leadership .