– FINLAND, Turku – Faron Pharmaceuticals Oy (LON: FARN | First North: FARON), a clinical-stage biopharmaceutical company focused on tackling difficult-to-treat cancers, today announced the appointment of Tuomo Pätsi to its Board as a Non-Executive Director effective immediately.
“I am pleased to welcome Mr. Pätsi to the Faron Board. He brings extensive experience in the commercialization and launch of new oncology products with leading cancer companies, and his expertise will be valuable as the Company continues the development of bexmarilimab. I’d also like to thank Dr. Brown for his service to the Faron Board,” said Board Chairman, Dr. Frank Armstrong.
The company also announced that Dr. Gregory Brown has stepped down from the Board today.
About Tuomo Pätsi
Mr. Pätsi was the President of the EMEA region and Worldwide Markets for Celgene Corporation, a global pharmaceutical company and currently wholly owned subsidiary of Bristol Myers Squibb, engaged primarily in the discovery, development, and commercialization of therapies for the treatment of cancer. He is an experienced biotech and pharmaceutical executive who was until recently EVP for Seagen Inc., a US-based cancer-focused biotechnology company.
“I am looking forward to joining the Board of Faron at this exciting time,” said Tuomo Pätsi. “Bexmarilimab with its innovative mechanism of action and clinical data so far holds great promise in multiple cancer indications where better treatments are desperately needed.”
Mr. Pätsi has over 30 years of experience working in biotech and pharmaceuticals, with more than 10 years working at Celgene in various senior management roles, including as President of European and International Operations and President of the EMEA region and Worldwide Markets. Before this, he served as VP of Europe for Human Genome Science, a specialty pharma organization in Europe. Earlier in his career, he held roles of increasing responsibility in pharmaceutical companies, including more than ten years at Amgen Inc. Mr. Pätsi began his career as a Biomedical Research Scientist in Finland. He is a registered pharmacist and holds an MSc in pharmacology from the School of Pharmacy, Helsinki University.
About Faron Pharmaceuticals Oy
Faron Pharmaceuticals Oy together with its subsidiaries is a clinical-stage biopharmaceutical group focused on building the future of immunotherapy by harnessing the power of the immune system to tackle cancer and inflammation. Bexmarilimab, a novel anti-CLEVER-1 humanized antibody, is its investigative precision immunotherapy with the potential to provide permanent immune stimulation for difficult-to-treat cancers by targeting myeloid function. Currently in Phase I/II clinical development as a potential therapy for patients with hematological cancers and untreatable solid tumors, bexmarilimab has potential as a single-agent therapy or in combination with other standard treatments including immune checkpoint molecules. In terms of other pipeline assets, Traumakine is an investigational intravenous (IV) interferon beta-1a therapy for the treatment of hyperinflammatory conditions. Faron is headquartered in Turku, Finland.
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