RE: No opinion - just questions6 Jan 2023 09:43
Looks like Mr Ross is shuffling his priorities around at the expense /relief (depending on your view) of Bivictrix:
BIVICTRIX THERAPEUTICS PLC
("BiVictriX" or the "Company" or the "Group")
Board Change
Dr. Michael Kauffman, M.D., Ph.D. appointed as Non-Executive Chairman
Iain Ross to remain a Board member
Alderley Park, 6 January 2023 - BiVictriX Therapeutics plc (AIM: BVX), an emerging biotechnology company applying a novel approach to develop next generation cancer therapies using insights derived from frontline clinical experience, announces that Dr. Michael Kauffman, M.D., Ph.D. has been appointed as Non-Executive Chairman. Dr Kauffman takes over from Iain Ross, who will continue as a Non-Executive Director on the BiVictriX Board, but steps down as Chairman due to other work commitments.
Prior to becoming Non-Executive Chairman, Dr. Kauffman was appointed as Non-Executive Director of BiVictriX in January 2022. He is a highly experienced cancer drug developer, having been instrumental in the approval of several oncology therapeutics over twenty years of working across preclinical research, clinical development, regulatory strategy and commercialisation. As Non-Executive Chairman, he will draw upon his previous experience as Co-Founder and Chief Executive Officer of oncology company Karyopharm Therapeutics Inc., which he guided from a discovery stage biotechnology company to a commercial stage organisation, with global approvals of XPOVIO®. He also led the Kyprolis® development programme at Proteolix and then Onyx Pharmaceuticals, the Velcade® development programme at Millennium Pharmaceuticals, and has held a number of senior positions at Millennium Predictive Medicine and Biogen. Dr Kauffman currently holds other Non-Executive Board positions at Verastem Oncology, Adicet Bio and Kezar Life Sciences.
Tiffany Thorn, Chief Executive Officer of BiVictriX Therapeutics plc, commented: "With the recent identification of our lead candidate, the transition of Michael Kauffman to Non-Executive Chairman of the Board comes at a pivotal time in BiVictriX's development. I am delighted to welcome Michael to his new role; no doubt his wealth of expertise across oncology drug development will continue to prove invaluable during the next stage of our progression. I would like to also express gratitude on behalf of the whole Company to Iain for his excellent support, taking us through from IPO to candidate identification and look forward to continuing to work alongside him as a valued member of our Board."