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Affimed Announces Appointment of Uta Kemmerich-Keil to its Supervisory Board

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Affimed N.V. (Nasdaq: AFMD) announced the appointment of Ms. Uta Kemmerich-Keil to its Supervisory Board, effective immediately from June 15, 2021. Approved during the Annual General Meeting, her extensive experience in the life sciences sector, particularly in leading global pharmaceutical companies, positions her to provide significant guidance in advancing Affimed's immuno-oncology pipeline. Kemmerich-Keil previously held senior roles at companies like P&G and Merck KGaA, bringing valuable financial and strategic expertise to Affimed’s growth strategy.

Positive
  • Uta Kemmerich-Keil's extensive executive experience in life sciences, particularly in global pharmaceutical leadership.
  • Potential to enhance Affimed's strategic direction and business performance due to her expertise in finance and M&A.
Negative
  • Concerns regarding continuity in leadership as a new member joins the Supervisory Board.

HEIDELBERG, Germany, June 16, 2021 (GLOBE NEWSWIRE) -- Affimed N.V. (Nasdaq: AFMD), a clinical-stage immuno-oncology company committed to giving patients back their innate ability to fight cancer, today announced the appointment of Ms. Uta Kemmerich-Keil as director on its Supervisory Board effective immediately. The appointment was approved during the Annual General Meeting of Shareholders on June 15, 2021.

“We are pleased to welcome Uta to Affimed’s Supervisory Board,” said Dr. Thomas Hecht, Chairman of the Supervisory Board. “Uta brings unique and very deep and extensive executive experience in the life sciences industry. With over 20 years of leadership roles in driving higher business performance for global pharmaceutical companies, Uta will play a critical role in guiding Affimed as we expand and advance our pipeline of novel immuno-oncology therapies and prepare for the next step in our growth.”

Ms. Kemmerich-Keil brings senior executive, finance and M&A expertise to Affimed and over 20 years of executive experience in the pharmaceutical and chemical industry. Most recently she led the international personal healthcare business of P&G and has over 19 years of experience at Merck KGaA, where she served, inter alia, as CEO of the global OTC- and global Allergy business, EVP Finance, Investor Relations and M&A. Ms. Kemmerich-Keil is a board member of several public and privately held companies like Schott AG, Gothaer Versicherung AG and Röchling S.E. She is a Board Member and member of the Audit Committee of Karo Pharma AB (listed OMX Stockholm). She holds a M.Sc. (Economics) and a M.A. (Roman Philology) from Freiburg University and a Licence from Nouvelle Sorbonne, Paris.

About Affimed N.V.

Affimed (Nasdaq: AFMD) is a clinical-stage immuno-oncology company committed to giving patients back their innate ability to fight cancer by actualizing the untapped potential of the innate immune system. The company’s proprietary ROCK® platform enables a tumor-targeted approach to recognize and kill a range of hematologic and solid tumors, enabling a broad pipeline of wholly-owned and partnered single agent and combination therapy programs. The ROCK® platform predictably generates customized innate cell engager (ICE®) molecules, which use patients’ immune cells to destroy tumor cells. This innovative approach enabled Affimed to become the first company with a clinical-stage ICE®. Headquartered in Heidelberg, Germany, with offices in New York, NY, Affimed is led by an experienced team of biotechnology and pharmaceutical leaders united by a bold vision to stop cancer from ever derailing patients’ lives. For more about the company’s people, pipeline and partners, please visit: www.affimed.com.

Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “goal,” “intend,” “look forward to,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions. Forward-looking statements appear in a number of places throughout this release and include statements regarding our intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, the potential of AFM13, AFM24, and our other product candidates, the value of our ROCK® platform, our ongoing and planned preclinical development and clinical trials, our collaborations and development of our products in combination with other therapies, the timing of and our ability to make regulatory filings and obtain and maintain regulatory approvals for our product candidates, our intellectual property position, our collaboration activities, our ability to develop commercial functions, clinical trial data, our results of operations, cash needs, financial condition, liquidity, prospects, future transactions, growth and strategies, the industry in which we operate, the trends that may affect the industry or us, impacts of the COVID-19 pandemic, the benefits to Affimed of orphan drug designation and the risks, uncertainties and other factors described under the heading “Risk Factors” in Affimed’s filings with the SEC. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements, and we assume no obligation to update these forward-looking statements, even if new information becomes available in the future.

Investor Relations Contact
Alexander Fudukidis
Director, Head of Investor Relations
E-Mail: a.fudukidis@affimed.com
Tel.: +1 (917) 436-8102


FAQ

Who is Uta Kemmerich-Keil and what is her role at Affimed?

Uta Kemmerich-Keil is a newly appointed director on Affimed's Supervisory Board, effective June 15, 2021, bringing over 20 years of leadership experience in the life sciences industry.

What is the significance of Uta Kemmerich-Keil's appointment for Affimed?

Her appointment is expected to enhance Affimed's strategic direction and support the advancement of its immuno-oncology therapies.

When was Uta Kemmerich-Keil's appointment approved?

Her appointment was approved during the Annual General Meeting of Shareholders on June 15, 2021.

What expertise does Uta Kemmerich-Keil bring to Affimed?

She brings significant executive, finance, and M&A expertise from roles at P&G and Merck KGaA, among others.

Affimed N.V.

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