Algernon Pharmaceuticals Announces New Chief Financial Officer

Rhea-AI Summary

Algernon Pharmaceuticals has appointed James Kinley as the new Chief Financial Officer (CFO), effective December 1, 2021. Kinley, a Certified Professional Accountant with over 15 years of experience, previously served as CFO for Medicure Inc. for nearly a decade. The CEO, Christopher J. Moreau, expressed confidence in Kinley’s expertise to help execute the company's ambitious business plan amid a growing pipeline of research programs. The company also acknowledged departing CFO Mike Sadhra for his contributions.

Positive

• Appointment of James Kinley as CFO is expected to bolster financial management.
• Kinley brings over 15 years of experience in corporate finance and capital markets.

Negative

• None.

VANCOUVER, British Columbia, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Algernon Pharmaceuticals Inc. (the “Company” or “Algernon”) (CSE: AGN) (FRANKFURT: AGW) (OTCQB: AGNPD) a clinical stage pharmaceutical development company is pleased to announce that it has appointed Mr. James Kinley as the Company’s Chief Financial Officer (“CFO”), effective December 1, 2021. Mr. Kinley will report to Algernon’s Chief Executive Officer (“CEO”) Mr. Christopher J. Moreau.

Mr. Kinley is a Certified Professional Accountant (“CPA, CA”) with over 15 years of experience in building, leading, and advising corporations through their daily operations as well as on complex restructurings, mergers, acquisitions, and capital markets transactions. He is also accomplished in structuring and negotiating favorable terms with commercial and investment banks. He was previously the CFO for Medicure Inc. (TSX-V: MPH), another Canadian publicly traded pharmaceutical company, a position he held for nearly 10 years.

“James Kinley brings significant functional expertise and technical knowledge to the Company in all aspects of corporate finance, financial planning and accounting,” said Christopher J. Moreau CEO of Algernon Pharmaceuticals Inc. “We have been developing a significant pipeline of research programs and we look forward to James joining the team as we work to aggressively execute our exciting business plan.”

The Company would like to thank departing CFO Mike Sadhra for his many years of service and wishes him the best in his future pursuits.

About Algernon Pharmaceuticals Inc. 

Algernon is a drug re-purposing company that investigates safe, already approved drugs, including naturally occurring compounds, for new disease applications, moving them efficiently and safely into new human trials, developing new formulations and seeking new regulatory approvals in global markets. Algernon specifically investigates compounds that have never been approved in the U.S. or Europe to avoid off label prescription writing.

CONTACT INFORMATION

Christopher J. Moreau
CEO
Algernon Pharmaceuticals Inc.
604.398.4175 ext 701

info@algernonpharmaceuticals.com
investors@algernonpharmaceuticals.com
www.algernonpharmaceuticals.com.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY DISCLAIMER STATEMENT: No Securities Exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

FAQ

Who is the new CFO of Algernon Pharmaceuticals?

James Kinley has been appointed as the new CFO of Algernon Pharmaceuticals, effective December 1, 2021.

What experience does James Kinley bring to Algernon Pharmaceuticals?

James Kinley is a Certified Professional Accountant with over 15 years of experience in corporate finance, having previously served as CFO for Medicure Inc.

When did James Kinley start his role at Algernon Pharmaceuticals?

James Kinley officially starts his role as CFO on December 1, 2021.

What was the previous CFO's name at Algernon Pharmaceuticals?

The previous CFO at Algernon Pharmaceuticals was Mike Sadhra.

What does Algernon Pharmaceuticals focus on?

Algernon Pharmaceuticals is a drug re-purposing company investigating safe, approved drugs for new disease applications.