LONDON (Alliance News) - C4X Discovery Holdings PLC said Thursday it has promoted non-executive Chairman Clive Dix to an executive chairman position, as Chief Executive Officer Piers Morgan will step down to pursue opportunities outside of the company.
Dix will take over day-to-day operational responsibilities from Morgan, the company said.
"I am delighted to take up this executive role with C4XD. The company has made excellent progress with the discovery of ground-breaking molecules in recent months, such as small molecules against IL-17 for inflammation and autoimmune diseases, and we are close to entering the clinic with our lead Orexin-1 programme for the treatment of addiction," said Dix in a statement.
Shares in C4X were untraded Thursday morning. The stock last closed at 74.30 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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