Open Orphan PLC Appointment of Group Chief Financial Officer (8240C)
13 Febbraio 2020 - 8:01AM
UK Regulatory
TIDMORPH
RNS Number : 8240C
Open Orphan PLC
13 February 2020
13 February 2020
Open Orphan plc
("Open Orphan", or the "Company")
Appointment of Group Chief Financial Officer
Open Orphan, the rapidly growing specialist CRO pharmaceutical
services company which has a focus on orphan drugs and is a world
leader in the provision of virology and vaccine challenge study
services, and has Europe's only 24 bedroom quarantine clinic with
onsite virology lab in Queen Mary's Hospital London, is pleased to
announce the appointment of Leo Toole to the role of Group Chief
Financial Officer with immediate effect. Leo was previously Interim
Chief Financial Officer of Open Orphan plc and Finance Director of
the Open Orphan division following the merger with hVIVO.
It is Open Orphan's intention that Leo be appointed to the Board
of Open Orphan as soon as possible, subject to the satisfactory
completion of regulatory due diligence checks.
Leo Toole brings over 20 years' experience in senior finance
roles in Pharmaceuticals, Medical Technology and FMCG sectors. He
has held senior finance positions at Procter and Gamble, ResMed and
Sublimity Therapeutics. Through positions in multinational
companies across Europe and in the venture capital space in the UK
and Ireland, he has extensive experience in building finance teams,
corporate development, equity and debt financing, public markets,
and mergers and acquisitions. Leo is a Business graduate of Trinity
College Dublin, Ireland and HEC Liège, Belgium. He also holds an
MBA with Distinction from INSEAD in France and Singapore.
Commenting on the appointment, Trevor Phillips, CEO of Open
Orphan said:
"We are pleased to confirm Leo as the permanent CFO of Open
Orphan. Leo brings relevant industry experience and public market
experience to the Company and we look forward to him joining the
PLC board upon the completion of his regulatory due diligence
checks."
Cathal Friel, Executive Chairman of Open Orphan said:
"I am delighted that we have appointed Leo as CFO. He has worked
with Open Orphan for the past year and is therefore well placed to
assist with the rapid integration of hVIVO, deliver on our
synergies programme and target profitability in the near term. We
feel he is an important addition the executive team as we target
the rapidly growing CRO pharmaceutical services sector."
For further information please contact:
+353 (0)1 644
Open Orphan plc 0007
Cathal Friel, Executive Chairman +44 (0)20 7347
Trevor Phillips, Chief Executive Officer 5350
Arden Partners plc (Nominated Adviser and Joint
Broker) +44 (0)20 7614
John Llewellyn-Lloyd / Benjamin Cryer 5900
Davy (Euronext Growth Adviser and Joint Broker) +353 (0)1 679
Anthony Farrell 6363
Camarco (Financial PR)
+44 (0)20 3757
Tom Huddart / Daniel Sherwen 4980
Notes to Editors:
Open Orphan is a rapidly growing specialist CRO pharmaceutical
services company which has a focus on orphan drugs and is a world
leader in the provision of virology and vaccine challenge study
services and viral laboratory services. It has Europe's only
24-bedroom quarantine clinic with onsite virology lab in Queen
Mary's Hospital London. hVivo supports product development for
customers developing antivirals, vaccines and respiratory
therapeutics, all particularly relevant and topical in the
environment of heightened awareness of the Corona virus in 2020.
The company also has a leading portfolio of 8 viral challenge study
models which are: 2 FLU, 2 RSV, 1 HRV, 1 Asthma, 1 cough and 1
Chronic Constructive Pulmonary Disease viral challenge models. No
other company in the world has such a portfolio, with a Belgian
company having 1 and one with the west coast of America also having
1 challenge study model. Open Orphan comprises of two commercial
specialist CRO services businesses (Venn and hVIVO) and is
developing an early stage orphan drug genomics data platform
business capturing valuable genetic data from patient populations
with specific diseases with designated orphan drug status and
incorporating AI tools. In June 2019, Open Orphan acquired
AIM-listed Venn Life Sciences Holdings plc in a reverse take-over
and in January 2020 it completed the Merger with hVIVO plc. Venn,
as an integrated drug development consultancy, offers CMC
(chemistry, manufacturing and controls) , preclinical, phase I
& II clinical trials design and execution., The Merger with
hVIVO created a European full pharma services company broadening
the Company's customer base and with complementary specialist CRO
services, widened the range of the Company's service offerings.
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END
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