Annual General Meeting of Probiodrug AG Election of New Supervisory Board members
Probiodrug Funds Brigham and Women’s Hospital Research
HALLE/SAALE, Germany, 12 June 2015 – Probiodrug AG (Euronext Amsterdam: PBD), a biopharmaceutical company developing novel therapeutic solutions to treat Alzheimer’s disease (AD), announces it has been awarded Best Technology at last night’s 2015 European Mediscience Awards. The awards ceremony held at the Tower of London is the largest annual gathering of private and publicly quoted healthcare, biotech and life science companies in Europe. The awards celebrate the standout technologies, personalities and companies in the mediscience sector.
The Best Technology Award is presented to an innovative technology that is well funded and capable of significant commercial success. The judges believed that Probiodrug was the clear winner in this category, with its innovative and differentiated approach in treating Alzheimer’s disease and the Company’s recent achievements.
Konrad Glund, CEO of Probiodrug, said: “We are extremely pleased that Probiodrug’s differentiated approach is recognised for this prestigious award. The award is a recognition of the hard work and commitment of our team, and comes at a significant year for the Company with our IPO on Euronext Amsterdam and the start of our Phase 2a study for our lead product. This is an exciting time in Alzheimer’s research and we are committed to developing treatments for this unmet indication.”
The Best Technology Award is sponsored by Life Sciences Partners (LSP), one of Europe’s largest and most experienced healthcare investment firms. The other shortlisted companies in this category included Cellectis SA, Mainstay Medical International plc and Nanobiotix.
For further information on the winners of the European Mediscience Award 2015 please visit: http://www.mediscience-event.co.uk/winners/
For more information, please contact:
Dr Konrad Glund, CEO
Mary Clark, Supriya Mathur, Hollie Vile
Tel: +44 (0) 203 440 5653
Notes to Editors:
About Probiodrug AG
Headquartered in Halle, Germany, Probiodrug AG (Euronext Amsterdam: PBD) is a biopharmaceutical company focused on the development of new therapeutic products for the treatment of Alzheimer’s disease.
Founded in 1997, the company successfully developed a novel therapeutic concept for diabetes – the DP4 inhibitors – which provided the basis for a novel class of antidiabetics – the gliptins. Its core capabilities are based on its long-standing expertise in the elucidation of the structure and function of enzymes involved in the modification of proteins and peptides, which play a central role in pathological conditions.
Today Probiodrug’s aim is to become a leading company in the development of Alzheimer’s disease treatments and to thereby provide a better life for Alzheimer’s disease patients. It has identified a new therapeutic concept linked to disease initiation and progression. The development approaches are targeting pyroglutamate-Abeta (pGlu-Abeta) as a therapeutic strategy to fight Alzheimer’s disease. The Company has medical use and composition of matter patents related to the inhibition of Glutaminyl Cyclase (QC) and anti-pGlu-Abeta- specific monoclonal antibodies, providing it, in the Company’s view, with a leading position in this field of research. www.probiodrug.de
About Alzheimer’s disease
Alzheimer’s disease is a neurological disorder, which is the most common form of dementia, and ultimately leads to death. Because Alzheimer’s disease cannot be cured and is degenerative, the affected patients must increasingly rely on others for assistance. Today, 44 million people worldwide currently live with the condition and this number is expected to almost double by 2030 and to more than triple by 2050 to over 132 million. Alzheimer’s also has an estimated, global societal cost of over $600 billion (World Alzheimer Report 2014).
Forward Looking Statements
Information set forth in this press release contains forward-looking statements, which involve a number of risks and uncertainties. The forward-looking statements contained herein represent the judgment of Probiodrug AG as of the date of this press release. Such forward-looking statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from those contemplated in these forward-looking statements. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.