MOLECULAR PARTNERS AG MEDIA RELEASE
Bill Burns nominated for election to Molecular Partners' Board of Directors as Vice-Chairman with nomination to Chairman in 2018
CEO and Co-founder Patrick Amstutz also to stand for election to Board at extraordinary general meeting on October 31, 2017
Zurich-Schlieren, October 3, 2017. Molecular Partners AG (SIX: MOLN), a clinical-stage biopharmaceutical company developing a new class of drugs known as DARPin® therapies*, today announced that its Board of Directors has nominated William (Bill) Burns, former CEO of Roche Pharmaceuticals, for election to the Board of Directors. An extraordinary general meeting will take place on October 31, 2017, after which the Board of Directors plans to appoint Bill Burns Vice-Chairman. At the annual general meeting 2018, he will be nominated for election to Chairman of the Board of Directors.
"We are delighted to have attracted Bill as a Board member and future Chairman of Molecular Partners," commented Jörn Aldag, current Chairman of the Molecular Partners Board of Directors. "The Company is rapidly evolving from a technology platform-based enterprise to a fully integrated, oncology-focused biopharmaceutical company. Bill has an extremely deep understanding of the biotechnology and pharmaceutical industries, with a focus on oncology, an outstanding reputation, and strong leadership skills. He is the ideal person to guide the next phase of growth as Molecular Partners seeks to become a key player in oncology."
"It is a pleasure to join the Molecular Partners team," said Bill Burns. "With an ongoing pivotal trial in ophthalmology and the company's ambitious plans to create high patient value in oncology, the timing is perfect. I look forward to working with Patrick and the team to make DARPin®-based drugs a landmark therapeutic approach."
At the forthcoming extraordinary general meeting on October 31, 2017, Molecular Partners Chief Executive Officer and Co-founder Patrick Amstutz will also stand for election to the Board of Directors, along with Bill Burns. As announced previously, the Board had nominated Patrick Amstutz for election in May 2017.
"I am honored to join the Board of Directors and I look forward to working closely with Bill to continue Molecular Partners' successful development," commented Patrick Amstutz. "Bill's expertise and skills will be invaluable to our continued success."
Bill Burns brings to Molecular Partners vast experience in the development and commercialization of drugs, particularly in oncology, and extensive knowledge of pharmaceutical industry operations. He held various executive positions at Roche for 28 years, culminating in his nomination to the position of CEO of Roche Pharmaceuticals and board seats at Roche, Genentech and Chugai Pharmaceuticals. Since 2010, he has been a Senior Independent Non-Executive Director of Shire Pharmaceuticals plc, a post from which hewill step down in April 2018. Bill Burns has also been Vice-Chairman of Mesoblast since 2016. Additionally, he is a Trustee of the Institute of Cancer Research in London, and a member of the Scientific Advisory Board of the Center for Integrated Oncology of the University of Cologne/Bonn.
Financial Calendar
October 26, 2017 | Q3 2017 Management Statement |
October 31, 2017 | Extraordinary General Meeting |
November 9, 2017 | R&D Day in New York |
February 8, 2018 | Publication of Full-year Results 2017 (unaudited) |
March 16, 2018 | Expected Publication of 2017 Annual Report |
April 18, 2018 | Annual General Meeting |
http://investors.molecularpartners.com/financial-calendar-and-events/
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