Prothena Announces Appointment of Sanjiv Patel, MBBS, to its Board of Directors
Prothena Corporation plc (NASDAQ:PRTA) has appointed Sanjiv K. Patel, MBBS, MA, MBA, to its Board of Directors. With extensive leadership experience, including roles at Relay Therapeutics and Allergan, Patel is expected to guide Prothena through its transition to a fully integrated biotechnology company. The Chairman, Lars Ekman, expressed optimism about Patel's contributions during this transformational phase. Prothena focuses on protein dysregulation and has a promising pipeline targeting various neurodegenerative diseases, including amyloidosis and Alzheimer’s disease.
- Sanjiv K. Patel brings extensive industry experience to the Board, potentially enhancing strategic direction.
- Patel's background in clinical-stage companies may strengthen Prothena's growth trajectory.
- The need for a management change may indicate previous leadership challenges.
- Uncertainty remains regarding the continuity of strategic vision during this transitional phase.
DUBLIN, Ireland, May 20, 2021 (GLOBE NEWSWIRE) -- Prothena Corporation plc (NASDAQ:PRTA), a late-stage clinical company with a robust pipeline of investigational therapeutics built on protein dysregulation expertise, announced today the appointment of Sanjiv K. Patel, MBBS, MA, MBA, to its Board of Directors.
“Sanjiv is an experienced leader with significant industry experience that uniquely positions him to guide us as we look towards transitioning to a fully integrated research, development and commercial biotechnology company,” commented Lars Ekman, MD, PhD, Prothena’s Chairman. “We welcome Sanjiv to our Board and look forward to his contributions in advising Prothena during this transformational period.”
“I’m excited to join the Board at this pivotal stage for Prothena. The Company’s leading protein dysregulation expertise is clearly reflected in its robust and promising pipeline of novel programs in areas of high unmet need,” said Dr. Patel. “I look forward to working with the Prothena team to contribute strategically to the Company’s continued growth.”
Sanjiv K. Patel, MBBS is President, Chief Executive Officer, and a member of the board of Relay Therapeutics, a clinical-stage precision medicine company. Before joining Relay Therapeutics, Dr. Patel served in various roles at Allergan, Inc. for over a decade. He most recently served as Allergan’s Executive Vice President, Chief Strategy Officer and previously as Corporate Vice President, Global Strategic Marketing and Global Health Outcomes. Prior to this, he was a management consultant at The Boston Consulting Group and practiced as a surgeon within the UK’s National Health Service.
Dr. Patel earned his MBBS from University of London, his MA in Medical Sciences from the University of Cambridge, his MRCS from the Royal College of Surgeons of England, and his MBA from INSEAD.
About Prothena
Prothena Corporation plc is a late-stage clinical company with a robust pipeline of novel investigational therapeutics, built on protein dysregulation expertise, with the potential to change the course of devastating rare peripheral amyloid and neurodegenerative diseases. Fueled by its deep scientific expertise built over decades of research, Prothena is advancing a pipeline of therapeutic candidates for a number of indications and novel targets for which its ability to integrate scientific insights around neurological dysfunction and the biology of misfolded proteins can be leveraged. Prothena’s pipeline includes both wholly-owned and partnered programs being developed for the potential treatment of diseases including AL amyloidosis, ATTR amyloidosis, Alzheimer’s disease, Parkinson’s disease and a number of other neurodegenerative diseases. For more information, please visit the Company’s website at www.prothena.com and follow the Company on Twitter @ProthenaCorp.
Investors & Media
Jennifer Zibuda, Director, Investor Relations & Communications
650-837-8535, jennifer.zibuda@prothena.com
FAQ
Who is Sanjiv K. Patel and what is his role at Prothena Corporation?
What experience does Sanjiv K. Patel have that benefits Prothena?
What is the significance of Sanjiv K. Patel's appointment for Prothena's future?
What is Prothena Corporation's focus area?
What diseases does Prothena's pipeline target?
