POINT Biopharma announces appointment of Chris Horvath as EVP, Commercial

Rhea-AI Summary

POINT Biopharma Global Inc. (NASDAQ: PNT) has appointed Chris Horvath as Executive Vice President, Commercial. Horvath brings nearly 20 years of pharmaceutical experience, particularly in oncology, having previously led the Prostate Cancer Radioligand Therapy Franchise at Advanced Accelerator Applications. His role will focus on commercializing POINT’s pipeline, enhancing its growth strategy. Dr. Joe McCann, POINT's CEO, highlighted the shortage of experienced leaders in radiopharmaceutical commercialization, emphasizing Horvath's potential contributions to the company's growth and the expansion of revolutionary cancer treatments.

Positive

• Appointment of Chris Horvath expected to strengthen commercial strategy.
• Horvath's extensive experience in oncology could accelerate product launches.
• POINT's leadership with Horvath is poised to enhance its competitive position in radiopharmaceuticals.

Negative

• None.

Mr. Horvath will lead the commercialization of POINT’s pipeline. He brings over a decade of experience in pharmaceutical commercialization, most recently as the VP and Head of Prostate Cancer Radioligand Therapy Franchise at Advanced Accelerator Applications (a Novartis Company)

INDIANAPOLIS, June 21, 2022 (GLOBE NEWSWIRE) -- POINT Biopharma Global Inc. (NASDAQ: PNT) (the “Company” or “POINT”), a company accelerating the discovery, development, and global access to life changing radiopharmaceuticals, today announced the appointment of Chris Horvath, as Executive Vice President, Commercial. Mr. Horvath brings almost twenty years of experience in the pharmaceutical industry, having led or worked on the launch of a number of key oncology products, including Pluvicto (lutetium ¹⁷⁷Lu vipivotide tetraxetan), Locametz (gallium ⁶⁸Ga gozetotide), Nubeqa (darolutamide), and Zytiga (abiraterone acetate). In his new role at POINT, Mr. Horvath will lead the commercial strategy for POINT’s pipeline.

Mr. Horvath began his career as a scientist, working at both DuPont and Novartis Institutes for BioMedical Research. He then transitioned to commercial roles of increasing responsibility at Janssen, Dendreon, Merck, Bayer, and most recently Advanced Accelerator Applications (Novartis). Mr. Horvath holds a BSc in Chemistry & Biology from Wilfrid Laurier University, a MSc in Analytical Science from the University of Guelph, and an MBA from Rutgers Business School.

“With only a handful of approved therapeutic radiopharmaceuticals in oncology, experienced leaders in the field are in short supply,” said Dr. Joe McCann, Chief Executive Officer of POINT Biopharma. “Chris’ significant experience in the commercialization of radiopharmaceuticals for the treatment of prostate cancer, as well as his experience with pan-tumor products, positions him to add significant value to POINT’s platform. As one of the founders of POINT, I continue to be amazed by the quality of talent that has assembled at this company and am grateful to be part of this team of radiopharmaceutical experts. Together, we are writing the next chapter of radiopharmaceutical therapy.”

“I’m extremely pleased to join the POINT Biopharma team and be a part of their next phase of growth,” said Mr. Horvath. “POINT has quickly established itself as a leader in the field of radiopharmaceuticals with the strength of its supply chain, manufacturing, and clinical programs. I look forward to contributing to the continued strengthening of POINT’s platform through the buildout of industry-leading commercial programs, enabling revolutionary radiopharmaceutical treatments to reach more patients.”

About POINT Biopharma Global Inc.
POINT Biopharma Global Inc. is a globally focused radiopharmaceutical company building a platform for the clinical development and commercialization of radioligands that fight cancer. POINT is transforming precision medicine by combining a portfolio of best-in-class radio-pharmaceutical assets, a seasoned management team, an industry-leading pipeline, in-house manufacturing capabilities, and secured supply for rare medical isotopes like actinium-225 and lutetium-177. Learn more about POINT Biopharma Global Inc. at https://www.pointbiopharma.com/. Information about POINT Biopharma Global Inc.’s Phase 3 SPLASH trial for metastatic castrate resistant prostate cancer (mCRPC) patients can be found at https://www.splashtrial.com/.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements in this press release include, but are not limited to, statements regarding the benefits of the recently completed business combination, as well as statements about the potential attributes and benefits of POINT’s product candidates and the format and timing of POINT’s product development activities and clinical trials. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, the outcome of any legal proceedings that may be instituted against POINT following the closing of the business combination, the risk that the business combination disrupts current plans and operations, the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of POINT to grow and manage growth profitably and retain its key employees, the impact of COVID-19 on POINT’s business, the ability to maintain the listing of POINT’s common stock on the NASDAQ, changes in applicable laws or regulations, the possibility that POINT may be adversely affected by other economic, business, and/or competitive factors, and other risks and uncertainties, including those described in POINT's S-1 registration statement filed with the SEC on July 30, 2021. Most of these factors are outside of POINT’s control and are difficult to predict. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

Investor Relations Contact:
Daniel Pearlstein
Associate Director, Corporate Strategy
investors@pointbiopharma.com

FAQ

Who is the new Executive Vice President of Commercial for POINT Biopharma (PNT)?

Chris Horvath has been appointed as the Executive Vice President, Commercial at POINT Biopharma.

What experience does Chris Horvath bring to POINT Biopharma (PNT)?

Chris Horvath brings nearly 20 years of experience in the pharmaceutical industry, particularly in oncology, having worked on launching several key cancer therapies.

How will Chris Horvath's appointment impact POINT Biopharma (PNT)?

His appointment is expected to enhance POINT’s commercial strategy and accelerate the commercialization of its radiopharmaceutical pipeline.