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BioSenic appoints Yves Sagot as Independent Director | ||
By: GlobeNewswire - 27 Jan 2023 | Back to overview list |
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REGULATED INFORMATION Mont-Saint-Guibert, Belgium, January 27, 2023, 7am CET – BioSenic (Euronext Brussels and Paris: BIOS), the clinical stage company specializing in serious autoimmune / inflammatory diseases and cell repair, today announces the appointment of Yves Sagot as a Member of the Board and Independent Director. Yves Sagot has been appointed to the BioSenic Board for his experience and achievements for Relief Therapeutics SA and a number of specific aspects that mirror recent BioSenic developments. Yves co-founded Relief Therapeutics in 2013 to develop a clinical asset acquired from Merck Serono. In 2016, Relief Therapeutics went public on the Swiss stock exchange (SIX) after a reverse merger with THERAMetrics. Whilst maintaining his activities as Chief Scientific Officer at Relief Therapeutics, Yves created MBS Sagot Consulting in 2018 to provide to the life science market senior expertise covering research and early clinical development. Subsequently, after leaving Relief Therapeutics, he is a private investor in biotechnology via MBS Invest & Consult Sàrl. He is also one of the ambassadors of the Léon Bérard Cancer Center, an internationally recognized research center in Lyon, France. He has authored 25 papers that have been published in international peer-reviewed journals, holds three granted patents and received the Serono CEO Award in 2001 and the Merck Serono Reward and Recognition Award in 2008. Yves Sagot replaces Terry Sadler as an Independent Director and Member of the Board at BioSenic. “BioSenic has now completed the acquisition of the majority participation in Medsenic and is now focused on ongoing clinical development on both platforms. As a result, BioSenic is now building further expertise in its senior teams, with recent appointments of a Chief Medical Officer that is responsible for the development of both of BioSenic’s cell therapy and autoimmune disease platforms, and a Chief Scientific Officer to manage BioSenic’s scientific research and development,” said Prof. François Rieger, President and CEO of BioSenic. “We are additionally focusing on ensuring our board of directors has the optimal composition of expertise. Yves Sadler has highly relevant and complimentary professional experience, specifically as a co-founder of a European biotech that also went public following a merger. His ongoing advice and contributions will be vital as BioSenic continues to demonstrate value to investors through development of our pipeline of therapies developed through our cell therapy and autoimmune disease platforms. I would also like to thank Terry Sadler for his contribution as an Independent Director through the acquisition process.” “The creation of BioSenic has resulted in an intriguing biotech company with multiple targets and platforms. These number of platforms spreads risk, and also will result in increased innovation as the differing expertise of scientific teams share strategies and ideas. As a result, this should be highly attractive for investors,” said Yves Sagot, Independent Director and Member of the Board at BioSenic. “This is a major reason why I have accepted to join the BioSenic board and offer my additional expertise as an Independent Director. The combination now of the experience of the board will provide a significant contribution to the senior team as they develop therapies for patients suffering from a range of high unmet medical needs.” Yves received a Certificate of Advanced Studies in Management of Medtech, Biotech & Pharma Ventures from the Management of Technology EPFL in Lausanne, Switzerland., holds a Ph.D in Neurobiology and a Masters in Pharmacology and Fundamental Toxicology from the Universite? Paul Sabatier (UPS), Toulouse, France. About BioSenic BioSenic is a biotech company focused on (i) the development of innovative products to address high unmet needs in orthopedics and (ii) exploiting the possibilities offered by the therapeutic use of arsenic salts (mainly arsenic trioxide (ATO)) for patients with autoimmune diseases. Key target indications for the platforms include Graft versus Host Disease (GvHD), Systemic lupus erythematosus (SLE), Systemic Sclerosis (SSc) and high-risk tibial fractures. About BioSenic technology platforms BioSenic’s technology is based on: 1) The allogeneic cell and gene therapy platform, developed by BioSenic with differentiated bone marrow sourced Mesenchymal Stromal Cells (MSCs) that can be stored at the point of use in hospitals. Its current investigational medicinal product, ALLOB, represents a unique, proprietary approach to organ repair and specifically to bone regeneration, by turning undifferentiated stromal cells from healthy donors into bone-forming cells on the site of injury after a single local injection. These cells are produced via a BioSenic's scalable manufacturing process. Following the CTA approval by regulatory authorities in Europe, BioSenic has initiated patient recruitment for the Phase IIb clinical trial with ALLOB in patients with difficult tibial fractures, using its optimized production process. ALLOB is currently being evaluated in a randomized, double-blind, placebo-controlled Phase IIb study in patients with high-risk tibial fractures, using its optimized production process. For further information, please contact: BioSenic SA For Belgian Media and Investor Enquiries: For International Media Enquiries: For French Media Enquiries: For French Investor Enquiries: Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company or, as appropriate, the Company directors’ current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. |
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