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ONWARD Medical Announces the Appointment of Lucas Buchanan to its Board of Directors

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ONWARD Medical (OTCQX: ONWRY), a neurotechnology company focused on restoring movement and function in people with spinal cord injury, has appointed Lucas Buchanan as a non-executive member of its Board of Directors. Buchanan brings over 25 years of expertise in commercialization, operations, and finance.

As former CFO and COO of Silk Road Medical, Buchanan led the company from founding through its IPO in 2019 and subsequent acquisition by Boston Scientific in 2024. His experience includes roles at The Vertical Group, Impax Laboratories, Warburg Pincus, and Medtronic. He currently serves on several medical technology company boards and holds degrees from Duke University and The Wharton School.

ONWARD Medical (OTCQX: ONWRY), un'azienda di neurotecnologia specializzata nel ripristino del movimento e delle funzioni nelle persone con lesioni del midollo spinale, ha nominato Lucas Buchanan come membro non esecutivo del suo Consiglio di Amministrazione. Buchanan vanta oltre 25 anni di esperienza in commercializzazione, operazioni e finanza.

In qualità di ex CFO e COO di Silk Road Medical, Buchanan ha guidato la società dalla sua fondazione fino all'IPO nel 2019 e alla successiva acquisizione da parte di Boston Scientific nel 2024. La sua esperienza comprende ruoli presso The Vertical Group, Impax Laboratories, Warburg Pincus e Medtronic. Attualmente siede in diversi consigli di amministrazione di aziende nel settore della tecnologia medica e possiede titoli di studio conseguiti presso la Duke University e la Wharton School.

ONWARD Medical (OTCQX: ONWRY), una empresa de neurotecnología enfocada en restaurar el movimiento y la función en personas con lesiones de la médula espinal, ha nombrado a Lucas Buchanan como miembro no ejecutivo de su Junta Directiva. Buchanan aporta más de 25 años de experiencia en comercialización, operaciones y finanzas.

Como ex CFO y COO de Silk Road Medical, Buchanan lideró la compañía desde su fundación hasta su oferta pública inicial en 2019 y la posterior adquisición por Boston Scientific en 2024. Su experiencia incluye roles en The Vertical Group, Impax Laboratories, Warburg Pincus y Medtronic. Actualmente forma parte de varias juntas directivas de empresas de tecnología médica y posee títulos de la Universidad Duke y de The Wharton School.

ONWARD Medical (OTCQX: ONWRY)� 척수 손상 환자� 움직임� 기능 회복� 주력하는 신경기술 회사�, 루카� 부캐넌(Lucas Buchanan)� 비상� 이사� 임명했습니다. 붶캐넌읶 상업�, 운영 � 재무 분야에서 25� 이상� 경험� 보유하고 있습니다.

붶캐넌읶 Silk Road Medical� � CFO � COO로서, 2019� 기업공개(IPO)부� 2024� 보스� 사이언티픽에 인수� 때까지 회사� 이끌었습니다. 그의 경력에는 The Vertical Group, Impax Laboratories, Warburg Pincus, Medtronic에서� 역할� 포함됩니�. 현재 여러 의료기술 회사� 이사회에 참여하고 있으� 듀� 대학교와 와� 스쿨에서 학위� 받았습니�.

ONWARD Medical (OTCQX : ONWRY), une entreprise de neurotechnologie spécialisée dans la restauration du mouvement et des fonctions chez les personnes atteintes de lésions de la moelle épinière, a nommé Lucas Buchanan membre non exécutif de son conseil d'administration. Buchanan apporte plus de 25 ans d'expertise en commercialisation, opérations et finance.

Ancien CFO et COO de Silk Road Medical, Buchanan a dirigé l'entreprise depuis sa création jusqu'à son introduction en bourse en 2019, puis sa rachat par Boston Scientific en 2024. Son expérience inclut des postes chez The Vertical Group, Impax Laboratories, Warburg Pincus et Medtronic. Il siège actuellement dans plusieurs conseils d'administration d'entreprises de technologie médicale et est diplômé de l'université Duke et de la Wharton School.

ONWARD Medical (OTCQX: ONWRY), ein Neurotechnologieunternehmen, das sich auf die Wiederherstellung von Bewegung und Funktion bei Menschen mit Rückenmarksverletzungen spezialisiert hat, hat Lucas Buchanan als nicht-exekutives Mitglied in seinen Vorstand berufen. Buchanan bringt über 25 Jahre Erfahrung in den Bereichen Kommerzialisierung, Betrieb und Finanzen mit.

Als ehemaliger CFO und COO von Silk Road Medical führte Buchanan das Unternehmen von der Gründung bis zum Börsengang 2019 und der anschließenden Übernahme durch Boston Scientific im Jahr 2024. Seine Erfahrung umfasst Positionen bei The Vertical Group, Impax Laboratories, Warburg Pincus und Medtronic. Derzeit ist er in mehreren Vorständen von Medizintechnikunternehmen tätig und hat Abschlüsse von der Duke University und der Wharton School.

Positive
  • Appointment of seasoned executive with successful track record of scaling and exiting medical device companies
  • Addition of board member with extensive NASDAQ listing and IPO experience
  • Strategic expertise in commercialization and operations from leadership roles at major healthcare companies
Negative
  • None.
  • Buchanan is former CFO and COO of Silk Road Medical, where he successfully scaled a growth-stage medical device company, leading to an acquisition by Boston Scientific.
  • Buchanan, formerly a venture capitalist with the Vertical Group, is also an active investor, advisor, and board member for several innovative medical device companies and healthcare investment funds.

EINDHOVEN, The Netherlands, Aug. 06, 2025 (GLOBE NEWSWIRE) -- ONWARD Medical N.V. (Euronext: ONWD and US OTCQX: ONWRY), the leading neurotechnology company pioneering therapies to restore movement, function, and independence in people with spinal cord injury (SCI) and other movement disabilities, today announces the appointment of Lucas Buchanan as a non-executive member of its Board of Directors.

“We are delighted to welcome Lucas Buchanan to our Board of Directors,� said Dave Marver, CEO of ONWARD Medical. “Lucas has a unique and valuable set of experiences as an operator, investor, and leader. He has also successfully NASDAQ-listed, scaled, and exited a medical technology company. He is ideally qualified to join our Board as we grow our business and pursue our mission.�

“ONWARD is a truly unique company powered by an inspiring vision and breathtaking technology. The Company is delivering hope to people with spinal cord injury and other movement disabilities,� said Buchanan. “I look forward to helping Dave and the team pursue its ambitions for the benefit of millions of people around the globe.�

Buchanan brings over 25 years of expertise in commercialization, operations, business development, investing, and finance. As the Chief Operating Officer and Chief Financial Officer at Silk Road Medical, he helped lead the company from its founding through to its IPO in 2019 and ultimate sale to Boston Scientific in 2024. Buchanan previously held roles at The Vertical Group, Impax Laboratories, Warburg Pincus, Medtronic, and Ernst & Young.

Buchanan is an active investor who currently serves on the Boards of Directors for several medical technology companies, including Element Science, Aerin Medical, Route 92 Medical, Procyrion, and Endologix. He holds a BA in Economics from Duke University and an MBA in Health Care Management from The Wharton School at the University of Pennsylvania.

About ONWARD Medical

ONWARD Medical is the leading neurotechnology company pioneering therapies to restore movement, function, and independence in people with spinal cord injuries (SCI) and other movement disabilities. Building on more than a decade of scientific discovery, preclinical research, and clinical studies conducted at leading hospitals, rehabilitation clinics, and neuroscience laboratories, the Company has developed ARC Therapy, which has been awarded ten Breakthrough Device Designations from the US Food and Drug Administration (FDA). The Company’s ARC-EX System is cleared for commercial sale in the US. In addition, the Company is developing an investigational implantable system called ARC-IM with and without an implanted brain-computer interface (BCI).

Headquartered in the Netherlands, the Company has a Science and Engineering Center in Switzerland and a US office in Boston, Massachusetts. The Company is listed on Euronext Paris, Brussels, and Amsterdam (ticker: ONWD) and its US ADRs can be traded on OTCQX (ticker: ONWRY).

To learn more about ONWARD Medical’s commitment to partnering with the spinal cord injury community to develop innovative solutions for restoring movement, function, and independence, please visit .

To be kept informed about the Company’s technologies, research studies, and the availability of therapies in your area, please .

For Media Inquiries:
Sébastien Cros, VP Communications

For Investor Inquiries:

Disclaimer

Certain statements, beliefs, and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors� current expectations and projections about future events. By their nature, forward-looking statements involve several risks, uncertainties, and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. A multitude of factors including, but not limited to, delays in regulatory approvals, changes in demand, competition, and technology, can cause actual events, performance, or results to differ significantly from any anticipated development. Forward-looking statements contained in this press release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions, or circumstances on which these forward-looking statements are based. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.


FAQ

Who is Lucas Buchanan and what is his role at ONWARD Medical (ONWRY)?

Lucas Buchanan has been appointed as a non-executive member of ONWARD Medical's Board of Directors. He is the former CFO and COO of Silk Road Medical with over 25 years of expertise in healthcare operations and finance.

What experience does Lucas Buchanan bring to ONWARD Medical's board?

Buchanan brings 25 years of expertise in commercialization, operations, and finance, including leading Silk Road Medical from founding through IPO and acquisition by Boston Scientific. He has also held roles at The Vertical Group, Impax Laboratories, and Medtronic.

What was Lucas Buchanan's role in Silk Road Medical's exit to Boston Scientific?

As Chief Operating Officer and Chief Financial Officer at Silk Road Medical, Buchanan helped lead the company from its founding through its IPO in 2019 and ultimate sale to Boston Scientific in 2024.

What other board positions does Lucas Buchanan currently hold?

Buchanan currently serves on the Boards of Directors for several medical technology companies, including Element Science, Aerin Medical, Route 92 Medical, Procyrion, and Endologix.
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Eindhoven