BRUSSELS--(BUSINESS WIRE)--Regulatory News:
ASIT biotech (Paris:ASIT) (BSE:ASIT) (ASIT - BE0974289218), a Belgian clinical-stage biopharmaceutical company focused on the research, development and future commercialization of breakthrough immunotherapy products for the treatment of allergies, announces the appointment of Gerd Zettlmeissl as its new Chairman of the Board, Béatrice De Vos having stood down to focus on new projects.
Gerd Zettlmeissl, an independent director of ASIT biotech since 2011, was, until that same year, the CEO of Austrian company Intercell AG, an innovative vaccine company that merged with French company Vivalis in 2013 to create Valneva, the European leader in vaccines and antibodies. Mr. Zettlmeissl successfully accompanied Intercell’s international development, and in particular the global registration of a vaccine against Japanese encephalitis and the signing of strategic partnerships with prominent pharmaceutical companies. He holds a doctoral degree in biochemistry from the University of Regensburg, Germany, and did a post-doctoral fellowship in virology at the Institut Pasteur in Paris. Since 1985, Mr. Zettlmeissl has held various R&D and managerial positions at a number of international pharmaceutical companies, and was notably Managing Director of Chiron Behring, a commercial leader in the field of vaccines in Germany.
Gerd Zettlmeissl, says: “I am particularly enthusiastic about being able to continue contributing, as Chairman, to the development and future marketing of the next generation of immunotherapy products in order to meet the needs of patients who are seeking significantly less restrictive treatments. I would also like to thank all of the Board’s members, and the ASIT biotech teams, for the trust they have put in me. I firmly believe in the Company’s prospects, and pledge to make the most of my substantial experience in the global development of new therapeutic solutions.”
Thierry Legon, CEO of ASIT biotech, adds: “We would like to thank Béatrice De Vos for her remarkable contribution to ASIT biotech’s clinical progress since 2013, the year she was appointed Chairwoman. Her availability and her considerable expertise in terms of the clinical development of drug candidates have been valuable assets for the Company and the success of its IPO in May 2016. We respect her decision, and wish her every success and fulfillment in her future professional and personal projects. Gerd Zettlmeissl’s arrival as Chairman will ensure continuity in the excellence of our governance and the pertinence of ASIT biotech’s strategy, which I firmly believe will enable us to successfully meet the many challenges that await us in 2017 on which we are actively working.”
About ASIT biotech
ASIT biotech is a Belgian clinical stage biopharmaceutical company focused on the development and future commercialisation of a range of breakthrough immunotherapy products for the treatment of allergies. Thanks to its innovative ASIT+™ technology platform, ASIT biotech is currently the only developer of AIT product candidates consisting of a unique mixture of highly purified natural allergen fragments in an optimal size selection. This innovation results in a short treatment, expected to improve patient compliance and real-life effectiveness. ASIT biotech’s product pipeline entails two novel ASIT+™ product candidates targeting respiratory allergy with the highest prevalence (i.e. grass pollen: gp-ASIT+™ and house dust mite: hdm-ASIT+™), that could significantly expand the current immunotherapy market. The Company believes that its innovative ASIT+™ platform is flexible and would be applicable across a range of allergies.
ASIT biotech has a headcount of 22 staff members, at its headquarters in Brussels and a laboratory in Liège, Belgium.
Further information can be found at: www.asitbiotech.com.
Forward Looking Statements
All statements in this announcement that do not relate to historical facts and events are “forward-looking statements”. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will,” “plans,” “continue,” “ongoing,” “potential,” “predict,” “project,” “target,” “seek” or “should” or, in each case, their negative or other variations or comparable terminology or by discussions of strategies, plans, objectives, targets, goals, future events or intentions. Forward-looking statements include statements regarding the Company’s intentions, beliefs or current expectations. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results. Any forward-looking statements are made only as of the date of this announcement and, without prejudice to the Company’s obligations under applicable law in relation to disclosure and ongoing information, the Company does not intend, and does not assume any obligation, to update the forward-looking statements set forth in this announcement.
Important Legal Notice
This announcement does not constitute, or form part of, an offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for shares of ASIT biotech SA (the “Company” and the “Shares”). Any purchase of, subscription for or application for, Shares to be issued in connection with the intended offering should only be made on the basis of information contained in the prospectus and any supplements thereto, as the case may be. This announcement does not constitute a prospectus and the information contained herein is for information purposes only and does not purport to be full or complete. Investors should not subscribe for any Shares except on the basis of the information contained in the prospectus that the Company expects to publish after its approval by the Belgian Financial Services and Markets Authority, and which can then be obtained at the Company’s registered office and on www.asitbiotech.com.
This announcement is not for distribution, directly or indirectly, in or into the United States or to any U.S. person within the meaning of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Shares have not been and will not be registered under the Securities Act and may not be offered or sold in the United States, except pursuant to an exemption from the registration requirements of the Securities Act. The Company has not registered, and does not intend to register, any portion of the intended offering of Shares in the United States, and does not intend to conduct a public offering of Shares in the United States.
This announcement and the information contained herein are not for publication, distribution or release in or into the United States, Australia, Canada, Japan or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
The Company is responsible for the information contained in this press release.