Geneva, Switzerland (PressExposure) June 16, 2009 -- Anavex Life Sciences Corp., (âANAVEXâ) (OTCBB: AVXL) today announced the immediate appointment of HervÃ© de Kergrohen, MD, MBA, as its Chief Executive Officer (CEO) and director. Dr. de Kergrohen is an accomplished senior executive who has successfully founded and developed numerous life sciences companies throughout his career.
With more than 25 years in senior and executive management positions, Dr. de Kergrohen has extensive experience in building and transforming organizations. He played a key role in building the life sciences portfolio with CDC Innovation, an international venture capital firm with over 415-million Euros under its management.
âI am excited to join ANAVEX as the company prepares to enter Phase 1 clinical trials with ANAVEX 2-73, its lead compound for the treatment of Alzheimerâs disease,â said Dr. de Kergrohen. âWith promising results from pre-clinical studies, ANAVEX 2-73, a sigma ligand, shows potential to alter the course of Alzheimerâs disease through novel synergies of sigma and other receptors involved in neuroprotection, mnesic mechanisms and apoptosis. This new approach, backed by leading scientists, has given ANAVEX a large pipeline through its productive drug discovery platform, not only in CNS, but also in cancer therapy. I look forward to steering the company through its next phase of growth.â
Dr. de Kergrohen has held CEO, chairman or director roles with more than 12 companies in the United States and Europe. During his tenure as CEO of Praxim, Dr. de Kergrohen led the company beyond R&D to become an innovative orthopedic provider and a leader in robotic-assisted surgery.
In 2000, Dr. de Kergrohen co-founded Global Biomedical Partners, the asset management firm of International Biomedicine Holdings (âIBMHâ), a $400-million fund based in Basel, Switzerland. Under his guidance IBMH became the lead investor in several emerging biotech companies in the U.S. before they became NASDAQ listed.
âANAVEX is pleased and privileged to welcome an executive of Dr. de Kergrohenâs caliber to the company,â said Harvey Lalach, President of ANAVEX. âWe look forward to his contributions and leadership as we work towards proving the safety and efficacy of our compounds in clinical trials and confirm the excellent results achieved to date in animal models.â
Dr. de Kergrohenâs background includes work as a fund manager with public equity funds such as DH LifeSciences, which he founded while working as the head analyst at Darier Hentsch & Cie in Geneva. He also led the worldwide healthcare team of UBS Asset Management, advising the management of $1 trillion in assets.
From 1989 to 1995, Dr. de Kergrohen worked in the U.S. pharmaceutical industry at Sandoz Pharmaceuticals and GD Searle, holding various positions in drug development and marketing.
Dr. de Kergrohen currently serves as an advisor to various public organizations such as Eclosion, a Geneva-based biotech incubator that he helped create, the Handicap Agency in Paris and the United Nations Development Program. He is the founder of BioData, a biotech conference held annually in Geneva.
Dr. de Kergrohen holds a Medical Degree from UniversitÃ© Louis Pasteur in Strasbourg and a MBA from INSEAD (Fontainebleau, France). He has contributed more than 100 articles to various journals around the world.
Forward-Looking Statements Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in any of such statements due to various factors, including the risks and uncertainties inherent in drug discovery and development, which include, without limitation, the potential failure of development candidates to advance through preclinical studies or demonstrate safety and efficacy in clinical testing and the ability to file an IND or commence clinical studies. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are qualified in their entirety by this cautionary statement and Anavex Life Sciences Corp. undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
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