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InVivo adds Sean Moran as CFO

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InVivo Therapeutics Corp. appointed Sean Moran as its first CFO.

Moran was previously CFO and vice president of business development at Brookline, Mass.-based Orban Biotech.

He also operates I-CFO LLC, a provider of CFO and capital advisory services to the management of start-ups and emerging companies, according to his LinkedIn profile.

Moran’s arrival comes as Cambridge, Mass.-based InVivo is planning to go public through a so-called reverse merger, according to the The Boston Globe. CEO Frank Reynolds told the newspaper he is attempting to raise about $5 million.

The company, which has already raised $5 million from investors, last year won a $500,000 “accelerator” loan from the Mass. Life Sciences Center.

InVivo touted Moran’s finance expertise at both public and private companies in a press release announcing his arrival.

"Moran has successfully raised capital and has extensive experience in corporate finance, mergers and acquisitions, investor and Wall Street relations and SEC reporting," according to a press release. Moran also founded Anika Therapeutics and "helped to take the company public through an IPO," according to InVivo.

That company, which is developing a biopolymer scaffolding device for the treatment of spinal cord injuries, promoted then-director of research & development Christopher Pritchard to the role of chief science officer two weeks ago.

Telephone calls to Reynolds and emails to the company were not returned.

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