Cosmo Pharmaceuticals Nv - CMOPF STOCK NEWS

Cosmo Pharmaceuticals has appointed Andrea Cherubini as Chief AI Officer, marking a strategic move to integrate AI across its portfolio. Cherubini, who previously served as Senior Vice President - Science, AI, and Data since 2018, was instrumental in developing GI Genius™, the first AI-powered polyp detection system in gastroenterology.

In his new role, Cherubini will expand AI applications beyond endoscopy into multiple areas including:

• Gastroenterology pipeline, focusing on Bile Acid Diarrhea (BAD)
• Dermatology pipeline, optimizing clinical trials for Breezula®
• Drug discovery and development

CEO Giovanni Di Napoli emphasized AI's role as a core growth pillar, while Cherubini expressed commitment to advancing AI-driven healthcare solutions across drug development, diagnostics, and personalized medicine.

Cosmo Pharmaceuticals and Glenmark Pharmaceuticals announced that Glenmark has received MHRA approval to market Winlevi® in the United Kingdom for treating acne vulgaris in patients aged 12 and older. Winlevi® is the first topical acne treatment in nearly 40 years with a novel mechanism of action, featuring clascoterone as its active ingredient.

The treatment is the first commercially available topical androgen receptor inhibitor, targeting sebaceous glands without systemic anti-androgen effects, making it safe for both males and females. Two phase III studies showed that clascoterone cream 1%, applied twice daily for 12 weeks, outperformed vehicle cream in achieving Investigator's Global Assessment success and reducing lesion counts.

This approval stems from a September 2023 agreement where Glenmark in-licensed the product from Cosmo for distribution in Europe and South Africa. The treatment addresses a significant market, as acne affects over 90% of the global population at some point in their lives.

Cosmo Pharmaceuticals (SIX: COPN: C43) has announced it will release its unaudited Full-Year 2024 financial results on March 6, 2025, at 7:00 am CET. The company will host a live webcast presentation at 3:00 pm CET on the same day.

CEO Giovanni Di Napoli and CFO Svetlana Sigalova will present a detailed overview of the company's financial and operational performance, discuss strategic initiatives, growth opportunities, and future outlook. A Q&A session will follow the presentation.

The webcast will be accessible online with replay available for three months. The complete 2024 Annual Report will be published on March 20, 2025, at 7:00 am CET on the company's website.

Cosmo Pharmaceuticals reported strong preliminary unaudited 2024 results with revenue of €265.7 million, representing a 186% increase from €92.8 million in 2023. The growth includes €185 million in non-recurring revenues from Medtronic. Year-end cash position strengthened to €170.4 million from €50.3 million in 2023, with zero debt.

Key pipeline updates include: GI Genius™ received FDA 510(k) clearance for module 300 hardware; Winlevi® became the top-prescribed branded topical acne treatment in the U.S. with over 1.2 million prescriptions since 2021; Breezula® phase III clinical program for androgenetic alopecia progressing with results expected in 2025. Additional programs include Phase II studies for Bile Acid Diarrhea and Distal Ulcerative Colitis, plus a Phase I study for Solid Tumors.

Cosmo Pharmaceuticals (SIX: COPN, FSE: C43) has announced the appointment of Dominika Spilarova as Chief Strategy Officer, effective January 10, 2025. This newly created position will report directly to the CEO. Spilarova brings over 15 years of experience in Life Sciences and management consulting, having previously worked with PwC and running her own Life Sciences consulting business. She has a track record of developing strategies that have impacted businesses with revenues ranging from $26 million to $19.5 billion.

In addition to her CSO role, Spilarova will serve as acting Chief of Staff for the executive leadership team until a permanent appointment is made. The appointment comes as Cosmo reports a strong close for Full Year 2024, with the company focusing on strategy-led growth and innovation.

Cosmo Pharmaceuticals N.V. (SIX: COPN, FSE: C43) shareholders approved the appointment of Deloitte Accountants B.V. as the new independent auditor for the financial year ending December 31, 2024, at an Extraordinary General Meeting (EGM) held on October 18, 2024. This decision follows the Board of Directors' proposal to rotate auditors in line with good governance practices. The previous auditor had been in place since 2016.

The EGM saw a representation of 8,367,544 ordinary shares, constituting 47.70% of Cosmo's total outstanding ordinary shares as of the record date. This change in auditors reflects Cosmo's commitment to maintaining strong corporate governance standards.

Cosmo Pharmaceuticals has appointed Svetlana Sigalova as its new Chief Financial Officer, effective November 11, 2024. Sigalova, who previously served as Vice President of Commercial Finance at Moderna, brings extensive experience in managing multibillion-dollar revenue streams and developing financial infrastructure. She succeeds Niall Donnelly, who will transition to a new role as EVP - Corporate Governance & Chief Sustainability Officer.

In her new position, Donnelly will focus on strengthening Cosmo's corporate governance framework and advancing ESG initiatives, including carbon footprint reduction. He will remain an executive member of the Board of Directors. CEO Giovanni Di Napoli expressed confidence that Sigalova's expertise will guide Cosmo's financial strategy and support its global expansion, while Donnelly's new role will reinforce the company's commitment to responsible growth and long-term value.

Cosmo Pharmaceuticals has appointed Egle Gedrimaite as the new Head of Global Business Development, effective October 1, 2024. Egle brings 15 years of experience in business development and alliance management across pharmaceutical, medical device, and nutraceutical industries. She will report to Giovanni Di Napoli, CEO of Cosmo.

Egle's expertise includes developing successful business in both B2B and B2C sectors, and driving development projects from inception to completion. She holds a degree in International Communications and Communication Systems from the Università per Stranieri di Perugia.

Giovanni Di Napoli expressed enthusiasm about the appointment, emphasizing Cosmo's focus on innovation, excellence, and growth. He also reflected on his first three months as CEO, highlighting the company's commitment to expanding its global footprint and creating value for shareholders.

Cosmo Pharmaceuticals has announced the publication of a landmark study in The Lancet, demonstrating the efficacy of their GI Genius™ intelligent endoscopy system in colonoscopy procedures. The COLO-DETECT study, a multicentre, open-label, randomised controlled trial, showed that GI Genius™ improved the detection of colorectal adenomas in an additional 8.3% of patients compared to standard colonoscopy practices.

This significant advancement in colorectal cancer screening could potentially reduce cancer incidence. The study reinforces the value of integrating AI into routine clinical practice for enhanced accuracy in cancer screening. Cosmo Pharmaceuticals, in partnership with Medtronic for global distribution, remains committed to advancing patient care through AI-assisted healthcare technology.