Vivoryon Therapeutics N.V. Reports Q1 2022 Financial Results and Highlights Operational Progress
Vivoryon Therapeutics N.V. Reports Positive Independent Data Safety Monitoring Board Recommendation for Phase 2b Study of Varoglutamstat in AD
- All proposed resolutions approved
- All existing members re-appointed
- Board strengthened and diversified
HALLE (SAALE) / MUNICH, GERMANY, June 22, 2022 – Vivoryon Therapeutics N.V. (Euronext Amsterdam: VVY; NL00150002Q7) (Vivoryon), a clinical stage company focused on discovery and development of small molecule medicines to modulate the activity and stability of pathologically altered proteins, today announced the appointment of Dr. Claudia Riedl and Samir Shah, MD, to its Non-Executive Board of Directors. Both appointments were approved during Vivoryon’s Annual General Meeting which took place today. All voting items, including the re-appointment of Charlotte Lohmann, Dr. Erich Platzer, Dr. Dinnies von der Osten and Jörg Neermann as members of the Company’s Non-Executive Board, were approved with a large majority.
“We are delighted to welcome Claudia Riedl and Samir Shah, both highly experienced professionals, to Vivoryon’s Board of Directors,” said Dr. Erich Platzer, Chairman of Vivoryon’s Board of Directors. “Beyond his current position as Head of Investor Relations at Novartis’ headquarters in Basel, Samir is a seasoned expert in the pharmaceutical industry who has held numerous leadership positions in the area of business development, commercial development and finance. He brings to Vivoryon profound expertise in leading several global franchises, including neurology/CNS, demonstrating his ability to successfully drive business performance for global pharmaceutical companies. Claudia is an accomplished leader in financial communications and investor relations with a wealth of senior executive experience and a proven track record of executing on corporate transformation strategies. Both new Board members are very well suited to help craft and implement value-creating strategies for the Company as we continue our efforts in bringing new treatment options to patients suffering from Alzheimer’s disease. On behalf of Vivoryon and the Board of Directors, I warmly welcome Claudia and Samir and look forward to working with them.”
Samir Shah, MD, brings extensive senior executive, investor relations, business development, commercial and financial expertise to Vivoryon. In addition to his current role as Head of Investor Relations for Novartis, a company he has been with since 2004, he is a member of several executive groups and committees within the organization, including Finance Leadership Team, Innovation Management Board and Trust & Reputation Committee. Prior to Novartis, Dr. Shah spent more than 12 years at Merck Serono, where he led several global franchises, including neurology. He graduated as a physician from University of Sheffield, England and joined the pharmaceutical industry after completing his postgraduate medical training (MRCP). Dr. Shah also holds an MBA from the University of Warwick, England.
Dr. Claudia Riedl’s broad expertise includes senior advisory roles in a number of IPOs and financings in various geographies. During her more than 15‑year tenure as Head of Corporate Communications and Investor Relations at the German biotech MorphoSys until 2016, she supported the company’s transformation and growth from a technology-focused antibody discovery and development enterprise into a fully integrated biopharmaceutical company. Subsequently, in a senior advisor capacity, she was instrumental in the company’s successful secondary listing on Nasdaq in 2018. Following an apprenticeship at Deutsche Bank AG, Dr. Riedl studied biology and earned a PhD at Technical University, Munich, Germany.
Further information on the Company’s AGM, including the voting results on all agenda items, can be found on Vivoryon’s website: https://www.vivoryon.com/ordinary-general-meeting-of-shareholders-2022/
About Vivoryon Therapeutics N.V.
Vivoryon is a clinical-stage biotechnology company focused on developing innovative small molecule-based medicines. Driven by our passion for ground-breaking science and innovation, we strive to change the lives of patients in need suffering from severe diseases. We leverage our in-depth expertise in understanding post-translational modifications to develop medicines that modulate the activity and stability of proteins which are altered in disease settings. Beyond our lead program, varoglutamstat, which is in Phase 2 clinical development to treat Alzheimer‘s disease, we have established a solid pipeline of orally available small molecule inhibitors for various indications including cancer, inflammatory diseases and fibrosis. www.vivoryon.com
Vivoryon Forward Looking Statements
This press release includes forward-looking statements, including, without limitation, those regarding the business strategy, management plans and objectives for future operations of the Vivoryon Therapeutics N.V. (the “Company”), estimates and projections with respect to the market for the Company’s products and forecasts and statements as to when the Company’s products may be available. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to the Company are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance; rather they are based on the Management’s current expectations and assumptions about future events and trends, the economy and other future conditions. The forward-looking statements involve a number of known and unknown risks and uncertainties. These risks and uncertainties and other factors could materially adversely affect the outcome and financial effects of the plans and events described herein. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements and from expectations. As a result, no undue reliance should be placed on such forward-looking statements. This press release does not contain risk factors. Certain risk factors that may affect the Company’s future financial results are discussed in the published annual financial statements of the Company. This press release, including any forward-looking statements, speaks only as of the date of this press release. The Company does not assume any obligation to update any information or forward-looking statements contained herein, save for any information required to be disclosed by law.
For more information, please contact:
Vivoryon Therapeutics N.V.
Dr. Manuela Bader, Director IR & Communication
Tel: +49 (0)345 555 99 30
Tel: +49 175 8041816