Poolbeg Pharma PLC Announces Directorate Change

Rhea-AI Summary

Poolbeg Pharma (POLB) announces the resignation of Patrick Ashe, Independent Non-Executive Director, and the appointment of Eddie Gibson as Chair of the Audit & Risk Committee and Prof Brendan Buckley as Chair of the Remuneration Committee. The company is on an upward trajectory with a robust pipeline of high-value programs and aims to replicate the success of former Amryt Pharma plc leadership members recently appointed to the Poolbeg team. With strong financials, excellent clinical results, and productive partnering discussions, Poolbeg is well-positioned to generate significant shareholder value.

Positive

• Strong financial position
• Excellent clinical results
• Productive partnering discussions

Negative

• Resignation of Patrick Ashe

LONDON, UK / ACCESSWIRE / November 30, 2023 / Poolbeg Pharma (AIM:POLB)(OTCQB:POLBF, 'Poolbeg' or the 'Company'), a biopharmaceutical company focussed on the development and commercialisation of innovative medicines targeting diseases with a high unmet medical need, announces a change to its Board of Directors.

Patrick Ashe, Independent Non-Executive Director, will step down from the Board at the end of November. Patrick played a significant role in guiding the Company through its initial phase of development. Eddie Gibson, Non-Executive Director will replace Patrick as Chair of the Audit & Risk Committee and Prof Brendan Buckley, Non-Executive Director will become Chair of the Remuneration Committee.

Cathal Friel, Chairman of Poolbeg Pharma, commented: "We would like to thank Patrick for his contribution since joining at the IPO, where his knowledge and experience of growing biopharma companies has been of considerable value. Patrick joined the Company as part of its IPO and steps down from the Board at a time when Poolbeg is on an upward trajectory with a robust pipeline of high value programmes, and at a particularly exciting juncture following the recent appointment of three key former Amryt Pharma plc leadership members to the Poolbeg team with the view to replicating the success they had with Amryt. With a strong financial position, excellent clinical results achieved and productive partnering discussions ongoing, the Company is well positioned to generate significant shareholder value."

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Enquiries

Poolbeg Pharma Plc Jeremy Skillington, CEO Ian O'Connell, CFO	+44 (0) 207 183 1499
Cavendish Capital Markets Ltd (Nominated Adviser & Joint Broker) Geoff Nash, Charlie Beeson, Nigel Birks, Harriet Ward (ECM)	+44 (0) 207 220 0500
Singer Capital Markets (Joint Broker) Phil Davies, Sam Butcher	+44 (0) 207 496 3000
J&E Davy (Joint Broker) Anthony Farrell, Niall Gilchrist	+353 (0) 1 679 6363
Optimum Strategic Communications Nick Bastin, Vici Rabbetts, Elena Bates	+44 (0) 208 078 4357 poolbeg@optimumcomms.com

About Poolbeg Pharma

Poolbeg Pharma plc is committed to the development and commercialisation of innovative medicines targeting diseases with a high unmet medical need. Its model focusses upon developing its exciting clinical assets and commercialising approved and marketed drugs to fund the development of its robust pipeline of innovative products, thereby driving significant value creation.

Poolbeg is led by an experienced leadership team with a history of delivering significant shareholder value. The team has been strengthened by the appointment of three former members of the Amryt Pharma plc leadership team, with the intention of repeating Amryt's success and generating near term revenues.

Poolbeg's clinical programmes target large addressable markets across cancer immunotherapies, severe influenza, and metabolic conditions such as obesity with the development of an oral GLP-1R agonist. It uses a cost-effective development philosophy to generate high quality human data to support partnering and further development. Its AI-led programmes analyse unique data from human challenge trials to identify clinically relevant drug targets and treatments, leading to faster development and greater commercial appeal.

For more information, please go to www.poolbegpharma.com or follow us on Twitter and LinkedIn @PoolbegPharma.

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SOURCE: Poolbeg Pharma PLC

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https://www.accesswire.com/811630/poolbeg-pharma-plc-announces-directorate-change

FAQ

Who resigned from the Board of Directors at Poolbeg Pharma?

Patrick Ashe, Independent Non-Executive Director, resigned from the Board.

Who replaced Patrick Ashe as Chair of the Audit & Risk Committee?

Eddie Gibson replaced Patrick Ashe as Chair of the Audit & Risk Committee.

What is the ticker symbol for Poolbeg Pharma?

The ticker symbol for Poolbeg Pharma is POLB.

What recent appointments were made to the Poolbeg team?

Three key former Amryt Pharma plc leadership members were recently appointed to the Poolbeg team.

What is the current position of Poolbeg Pharma?

Poolbeg Pharma is on an upward trajectory with a robust pipeline of high-value programs and aims to replicate the success of former Amryt Pharma plc leadership members recently appointed to the Poolbeg team.

What is the outlook for Poolbeg Pharma?

With strong financials, excellent clinical results, and productive partnering discussions, Poolbeg is well-positioned to generate significant shareholder value.