Kiromic BioPharma Announces Changes in Management, Board of Directors

Pietro Bersani, Formerly Board Audit Chair, is Appointed as New Interim Chief Executive Officer

Company Director Michael Nagel Appointed as New Chairman of the Board

Company Disclosure Committee Created

Kiromic BioPharma, Inc. (NASDAQ: KRBP) (“Kiromic” or the “Company”), a clinical-stage fully integrated biotherapeutics company using its proprietary DIAMOND^® artificial intelligence (AI) and big data mining platform to discover and develop cell and gene therapies with a therapeutic focus on immuno-oncology and other diseases, today announces changes in management, and in the Company’s Board of Directors. In addition, the Company announces the formation of a Disclosure Committee.

Effective January 27, 2022, Pietro Bersani, Kiromic‘s former Chair of the Audit Committee, was appointed as Interim Chief Executive Officer to succeed Dr. Maurizio Chiriva who departed from his roles as Chief Executive Officer and Chairman of the Company’s Board of Directors as of that date. Effective January 27, 2022, Company Director Michael Nagel was appointed as the Company’s new Chairman of the Board.

“I have been a member of the Kiromic Board of Directors since 2020, and I feel privileged to now lead this Company during this very pivotal year ahead. We have tremendous science, and a very important milestone to reach in the coming months,” stated Interim CEO Bersani. “The Kiromic leadership team is laser focused on realizing our goal of first in-human dosing and initiating clinical trials.”

The Company also announces the formation of a Disclosure Committee, comprised of the Company’s senior leaders, for the purpose of further strengthening the Company’s protocol, process and procedure related to disclosure requirements.

For more information, please see the Company’s recently filed Form 8-K: Inline XBRL Viewer (sec.gov).

About Kiromic BioPharma

Kiromic BioPharma, Inc. is a clinical-stage, fully integrated biotherapeutics company using its proprietary DIAMOND® artificial intelligence (AI) platform to discover and develop cell and gene therapies with a therapeutic focus on immuno-oncology and other diseases. Kiromic is in the process of developing a multi-indication allogeneic CAR-T cell therapy that exploits the natural potency of Gamma Delta T-cells to target solid cancers.

From its heritage as a cancer vaccine development company, Kiromic is focused on discovering, developing, and commercializing novel immuno-oncology applications through its robust product pipeline. The pipeline development is leveraged through the Company’s proprietary target discovery engine called "DIAMOND." Kiromic's DIAMOND is where big data science meets target identification to dramatically compress the man-years and billions of drug development dollars required to develop a live drug. The Company maintains offices in Houston, Texas. To learn more, visit www.kiromic.com and connect with us on Twitter and LinkedIn.

Forward-Looking Statements

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