Annual General Meeting of Kuros Biosciences approves all resolutions
April 17, 2024 at 08:06 am EDT
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Kuros Biosciences AG
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Annual General Meeting of Kuros Biosciences approves all resolutions
17.04.2024 / 14:05 CET/CEST
Schlieren (Zurich), Switzerland, April 17, 2024 – Kuros Biosciences (SIX:KURN), a leader in next generation bone graft technologies, held its Annual General Meeting today.
The Annual General Meeting approved the Annual Report, the Annual Financial Statements, and the Consolidated Financial Statements for the year 2023 and took note of the Reports of the Auditors. Shareholders granted discharge to the Board and the Executive Committee, voted in favor of the proposed appropriation of the Annual Results, and approved the compensation for the members of the Board of Directors and the Executive Committee. Clemens van Blitterswijk was re-elected as Chairman and Joost de Bruijn as well as Oliver Walker were re-elected as members of the Board. Scott Bruder did not stand for re-election. Albert Arp and Chris Fair (CEO) were elected as new members of the Board of Directors. Clemens van Blitterswijk and Oliver Walker were re-elected as members of the Compensation Committee and Albert Arp was elected as a new member of the Compensation Committee. The law firm Keller AG, Zurich, was re-elected as independent Proxy. PricewaterhouseCoopers Ltd, Basel, were re-elected for another one-year term as Kuros' auditor.
The Annual General Meeting further approved, with the required 2/3 majority, adjustments to the articles of association. Adjustments included the introduction of a Capital Band and the increase of the Conditional Share Capital for Employees, Persons of Comparable Positions and Board Members.
The Annual General Meeting took place at JED Events, Zürcherstrasse 39E, 8952 Schlieren (Zurich). 22’284’902 shares or 60.4% of a total of 36,896,008 shares were represented.
For further information, please contact:
Kuros Biosciences AG
Daniel Geiger
Chief Financial Officer
Tel +41 44 733 47 41 daniel.geiger@kurosbio.com
LifeSci Advisors
Sandya von der Weid
Investors
+41 78 680 0538 svonderweid@lifesciadvisors.com
About Kuros Biosciences Kuros Biosciences is on a mission to discover, develop and deliver innovative biologic fusion technologies. With locations in the United States, Switzerland and the Netherlands, the company is listed on the SIX Swiss Exchange. The company’s first commercial product, MagnetOsTM, is a unique advanced biologic that has already been used across three continents in 25,000 fusion surgeries. For more information on the company, its products and pipeline, visit kurosbio.com.
Forward Looking Statements This media release contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. You are urged to consider statements that include the words “will” or “expect” or the negative of those words or other similar words to be uncertain and forward-looking. Factors that may cause actual results to differ materially from any future results expressed or implied by any forward-looking statements include scientific, business, economic and financial factors. Against the background of these uncertainties, readers should not rely on forward-looking statements. The Company assumes no responsibility for updating forward-looking statements or adapting them to future events or developments.
Kuros Biosciences AG is a Switzerland-based biotechnology company engaged in the discovery, development and commercialization of biopharmaceutical products known as Immunodrugs. Immunodrugs are therapeutic vaccines intended for treating and preventing common chronic diseases, such as hypertension, nicotine addiction, allergic diseases, asthma, malignant melanoma and Alzheimer's disease. They are designed to instruct the patient's immune system to produce desired therapeutic antibody or T cell responses that modulate chronic disease processes. The Company has built a pipeline of different Immunodrug candidates, of which five are in clinical development. Its Immunodrug candidates are developed both in-house and together with Novartis, Pfizer and Pfizer Animal Health, among others. The Company has two subsidiaries: a wholly-owned Proteome Therapeutics GmbH and minority owned BioSupport AG.