PETAH TIKVA, Israel – December 21, 2017 — PolyPid Ltd., a clinical-stage pharmaceutical company with an initial focus on the prevention and treatment of post-surgical site infections, today announced that Jacob Harel, a seasoned business development executive with more than 30 years of experience in the global pharmaceutical industry, has been appointed as Chairman of the Company’s Board of Directors, following his recent election as a director by the Company’s shareholders.

Mr. Harel is the founder and president of the Harel Group, a business development Advisory firm supporting international transactions in the global pharmaceutical industry. Prior to founding the Harel Group, Mr. Harel spent more than 27 years at Merck & Co., Inc. in leadership roles in sales, marketing and business development, most recently as Executive Director and Head of Corporate Business Development, leading and overseeing the negotiation and execution of key enterprise transactions, including joint ventures, divestitures, commercial collaborations, and licensing and distribution agreements.

“Jacob has worked in more than 50 countries and negotiated over 100 transactions in various cross-cultural environments,” said Amir Weisberg, Chief Executive Officer of PolyPid. “As we advance our D-PLEX into Phase III clinical development, and begin to establish a sales and marketing presence in the United States, having someone with Jacob’s experience and expertise as Chairman will be critical in supporting the development of our commercialization strategy. Additionally, Jacob’s broad global network of pharmaceutical industry contacts will also be invaluable to PolyPid to support the growth of our business.”

“I am pleased to be appointed Chairman of PolyPid’s Board at such an exciting time in the Company’s development,” stated Mr. Harel. “With a Phase III trial anticipated to begin shortly, now is the appropriate time to begin putting into place the appropriate sales and marketing activities. I’m looking forward to working with the other Board members and PolyPid’s management team to advance D-PLEX into Phase III and, following regulatory approval, through commercialization.”