– UK, Long Hanborough – e-Therapeutics plc (AIM: ETX), the drug discovery and development company, is pleased to announce the appointment of Iain Ross to the Board of Directors as Non-Executive Chairman.
Iain Ross will join the Company on 6 January 2016. At this time, Professor Malcolm Young will step down as acting Chairman and continue his role as Chief Executive Officer.
Iain Ross has over 35 years’ experience in the international life sciences and technology sectors where he has completed multiple financing transactions. He has spent more than 25 years in cross-border management as a Chairman and CEO. Iain has led and participated in five Initial Public Offerings, and has direct experience of M&A transactions in Europe, USA and Pacific Rim.
He is currently Non-Executive Chairman of Premier Veterinary Group plc, Non-Executive Chairman of Biomer Technology Ltd and a Non-Executive Director of Anatara LifeSciences Ltd, Benitec Biopharma Ltd. and Novogen Ltd. He is a qualified Chartered Director, and Vice Chairman of the Council of Royal Holloway, London University.
Previously, Iain held significant roles in multi-national companies including Sandoz, Hoffman La Roche and Celltech Group plc where as Chief Executive Officer of Celltech Biologics plc, he moved the company from a loss-making position to reporting a net profit. As Chairman and Chief Executive Officer at Allergy Therapeutics, he re-structured the Company Balance Sheet to position Allergy Therapeutics as a virtually debt free cash generative company prior to its subsequent IPO. As Executive Chairman at Silence Therapeutics plc (formerly SR Pharma plc), Iain turned the business around through M&A and establishing collaborations with Pfizer, Astra Zeneca and Dainippon Sumitomo before completing a merger with Intradigm Inc.
Commenting on the appointment, Professor Malcolm Young, CEO of e-Therapeutics, said: “We welcome Iain to the Board at e-Therapeutics. His extensive experience further strengthens the Company and will be invaluable as we move towards realising the potential of our discovery and development programmes.”
About e-Therapeutics plc
e-Therapeutics (AIM: ETX) is a drug discovery and development company with a proprietary discovery platform based on advances in network pharmacology and chemical biology.
The Company is applying its platform to the discovery of new drug candidates. The therapeutic focus of the Company’s discovery activity is in immuno-oncology and addressing drug resistance in targeted cancer therapies. The platform is yielding multiple, highly potent, selective and diverse molecules at much higher yields than is reported for conventional drug discovery.
e-Therapeutics is also advancing its most promising programmes through clinical trials. There is a phase IIb clinical stage drug candidate for major depressive disorder, ETS6103; and a phase Ib clinical stage candidate in hepatocellular and pancreatic cancer, ETS2101. The Company also has a variety of preclinical stage assets, including ETX1153c, a functionally resistance-less antibiotic; ETS2300, telomerase inhibition in anti-cancer; ETS3100, small molecule anti-TNFα; ETS2400 and Hedgehog pathway inhibition.
The Company is fully funded to advance its existing development programmes in cancer and depression and a further programme from its discovery platform. It is based at sites in Oxford and Newcastle, UK.
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