– CANADA, Quebec City – Devonian Health Group Inc. (TSX: GSD | OTC: DVHGF), a clinical-stage botanical pharmaceutical corporation, today announced the appointment of Pierre Montanaro as President and CEO, replacing Dr. André Boulet who steps to the role of CSO, while Sybil Dahan takes the role of Chair of the Board of Directors.
“Ms. Dahan has been with us for more than 4 years. In her role as Chairman of the Board of Directors, she will provide leadership in the management of the Board’s affairs and will ensure the Board fulfills its legislated mandate and responsibilities with full transparency and the application of sound governance practices. With respect to Mr. Pierre Montanaro, our new President & CEO, he has a long track record of success in large and mid-sized pharmaceutical companies covering brand and generic pharmaceuticals as well as over-the-counter products. His contribution will be invaluable in guiding Devonian through its next phase,” said Dr Boulet.
“I feel very privileged to take on this role at such an exciting time at Devonian. I have worked alongside André for a few years now and have been impressed by Devonian’s resilience and dedication to the development of botanical drugs. This appointment brings with it the opportunity to further build on the work achieved to date. As Devonian embarks on its next growth phase, I look forward to working with the board and management team as we forge a path to sustained success,” said Sybil Dahan.
About Pierre Montanaro
With a Bachelor of Commerce degree from Concordia University, Pierre has over 40 years of experience in the pharmaceutical and consumer product industries during which he has held various executive positions in marketing, sales and General Management.
Since December 2014, Pierre has been President of his own consulting firm TriumPharma Inc., which works with local and non-domestic clients to acquire and market pharmaceutical products in the Canadian marketplace. Previously, he held the position of President and Chief Executive Officer of Pharmetics, a company specializing in the development and sale of pharmaceutical and natural health products.
Before, Mr. Montanaro held various senior management positions for Pharmascience (2003-2011), Pharmacia (2001-2003), Marion Merrell Dow/Hoechst Marion Roussel/Aventis (1994-2001) and Burroughs Wellcome (1988-1994). During his long career in the pharmaceutical industry, Mr. Montanaro has always been recognized as a goal driven leader with an entrepreneurial spirit and a strong sense of urgency. His skills and multiple accomplishments earned him an induction into the Pharmaceutical Industry Marketing Hall of Fame in 2006.
Mr. Montanaro served for more than a decade on the Board of Directors of the Canadian Non-Prescription Drug Industry Association. In addition, he also sat on the board of directors of Collège Gérald Godin for more than three years.
“I am excited to join Devonian at this critical stage of its development. André and I have worked together in the past on a series of successful projects at Marion Merrell Dow. Beginning in January 2022, I have assisted Dr. Boulet on several strategic projects related to Devonian namely financing activities, strategic planning, contract reviews, and other initiatives linked to various business development projects in progress. I am looking forward to working with Dr. Boulet and the team on staffing and restructuring the company for success while exploring partnership & licensing opportunities to maximize, for Devonian shareholders, the value of the company’s product pipeline with a clear focus on Thykamine™️ the company’s flagship product which shows enormous potential in Atopic Dermatitis and other inflammatory and immunomodulatory diseases,” said Mr. Montanaro.
About Devonian
Devonian Health Group Inc. is a late-stage botanical pharmaceutical corporation with novel therapeutic approaches to targeting unmet medical needs. Devonian’s core strategy is to develop prescription botanical drugs from plant materials and algae for the treatment of inflammatory-autoimmune diseases including but not limited to ulcerative colitis and atopic dermatitis. Based on a foundation of over 15 years of research, Devonian’s focus is further supported by a US-FDA set of regulatory guidelines favouring a more efficient drug development pathway for prescription botanical drug products over those of traditional prescription medicines. Devonian is also involved in the development of high-value cosmeceutical products leveraging the same proprietary approach employed with their pharmaceutical offerings. Devonian Health Group Inc. was incorporated in 2013 and is headquartered in Québec, Canada where it owns a state-of-the art extraction facility with full traceability ‘from the seed to the pill’. Acquired in 2018, Altius Healthcare Inc., its commercialization partner, brings opportunities for further diversification and growth potential.
For more information: https://groupedevonian.com/
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