Pulmatrix, Inc. (NASDAQ: PULM), a pharmaceutical company developing innovative inhaled drugs, announced today that the company has appointed Matthew L. Sherman, M.D., Executive Vice President and Chief Medical Officer of Acceleron Pharma, Inc., a clinical stage biopharmaceutical company as a new member to its Board of Directors.

Dr. Sherman has extensive experience in drug development. Before joining Acceleron in 2006, he was head of clinical research and regulatory affairs at Synta Pharmaceuticals (now Madrigal Pharmaceuticals, Inc.), and leader of clinical development in both oncology and hematology at Wyeth. Previously, he also held leadership positions at Genetics Institute.

"In the pharmaceutical industry, one of our main goals is to make a difference in the lives of patients," said Dr. Sherman. "Being on the Board of Pulmatrix, with its ground-breaking dry powder drug delivery technology, offers me another great opportunity to realize that goal."

"Dr. Sherman will offer invaluable help as we bring our drugs for COPD, for fighting fungal infections in cystic fibrosis patients, and for idiopathic pulmonary fibrosis to market," said Pulmatrix Chief Executive Officer Robert W. Clarke, Ph.D. "His special knowledge of oncology and hematology drugs will also enable us to move more quickly to develop inhaled drugs in other therapeutic areas, perhaps including cancer, using our technology platform."

Dr. Sherman is board certified in Medical Oncology and Internal Medicine and held various clinical positions atHarvard Medical School with corresponding hospital appointments at the Dana-Farber Cancer Institute and Brigham and Women's Hospital.

About Pulmatrix 

Pulmatrix is a clinical stage biopharmaceutical company developing innovative inhaled therapies to address serious pulmonary disease using its patented iSPERSE™ technology. The Company's proprietary product pipeline is focused on advancing treatments for lung diseases, including opportunities in major pulmonary diseases through collaborations, like PUR0200, a branded generic in clinical development for chronic obstructive pulmonary disease (COPD) and PUR1900, an inhaled antifungal that could benefit severe asthmatics and patients with rare disease like cystic fibrosis. Pulmatrix's product candidates are based on iSPERSE™, its proprietary dry powder delivery platform, which seeks to improve therapeutic delivery to the lungs by maximizing local concentrations and reducing systemic side effects to improve patient outcomes.