ObsEva Announces Management Change
ObsEva SA announces the resignation of CFO David Renas, effective January 5, 2022, for personal reasons. The company has engaged an executive search firm to find a successor. CEO Brian O’Callaghan expressed gratitude for Renas's contributions over the past year. ObsEva focuses on developing therapies for women's reproductive health, with an advanced clinical pipeline targeting uterine fibroids, endometriosis, and preterm labor. The company is publicly traded on NASDAQ under the symbol OBSV.
- Engaged an executive search firm to find a new CFO.
- Continued focus on women's reproductive health therapies with an advanced clinical pipeline.
- CFO resignation may create uncertainty in financial oversight.
- -
Ad hoc announcement pursuant to Art. 53 LR of the SIX Swiss Exchange
GENEVA, Switzerland – October 29, 2021 – ObsEva SA (NASDAQ: OBSV) (SIX: OBSN), a biopharmaceutical company developing and commercializing novel therapies to improve women’s reproductive health, today announced that current Chief Financial Officer David Renas will be stepping down from his position for personal reasons, effective January 5, 2022. ObsEva has retained an executive search firm to assist the Company’s Board of Directors with identifying a new Chief Financial Officer.
“On behalf of the Board of Directors and Executive team, I would like to thank Dave for his contributions to the Company over the past year and wish him all the best for the future, “said Brian O’Callaghan, CEO of ObsEva.
David Renas added, “It has been my pleasure working with ObsEva during this exciting time for the company. I look forward to following their continued progress as they move toward commercialization.”
About ObsEva
ObsEva is a biopharmaceutical company developing and commercializing novel therapies to improve women’s reproductive health and pregnancy. Through strategic in-licensing and disciplined drug development, ObsEva has established a late-stage clinical pipeline with development programs focused on new therapies for the treatment of uterine fibroids, endometriosis, and preterm labor. ObsEva is listed on the Nasdaq Global Select Market and is traded under the ticker symbol “OBSV” and on the SIX Swiss Exchange where it is traded under the ticker symbol “OBSN”. For more information, please visit www.ObsEva.com.
Cautionary Note Regarding Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “believe”, “expect”, “may”, “plan”, “potential”, “will”, and other similar expressions, and are based on ObsEva’s current beliefs and expectations. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements. Risks and uncertainties that may cause actual results to differ materially include uncertainties inherent in the conduct of clinical trials and clinical development, including the risk that the results of earlier clinical trials may not be predictive of the results of later stage clinical trials, related interactions with regulators, ObsEva’s reliance on third parties over which it may not always have full control, the impact of the novel coronavirus outbreak, and other risks and uncertainties that are described in the Risk Factors section of ObsEva’s Annual Report on Form 20-F for the year ended December 31, 2020 filed with Securities and Exchange Commission (SEC) on March 5, 2021 and other filings ObsEva makes with the SEC. These documents are available on the Investors page of ObsEva’s website at http://www.ObsEva.com. Any forward-looking statements speak only as of the date of this press release and are based on information available to ObsEva as of the date of this release, and ObsEva assumes no obligation to, and does not intend to, update any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information, please contact:
CEO Office contact
Shauna Dillon
Shauna.dillon@obseva.ch
+41 22 552 1550
Investor Contact
Joyce Allaire
jallaire@lifesciadvisors.com
+1 (617)-435-6602
Attachment
FAQ
What led to the resignation of ObsEva's CFO David Renas?
How is ObsEva addressing the CFO vacancy?
What is ObsEva's focus in the biopharmaceutical industry?
What clinical areas does ObsEva's pipeline target?
On which stock exchanges is ObsEva traded?
