Relief Therapeutics Announces Promotion of Paolo Galfetti to Chief Operating Officer

Rhea-AI Summary

Relief Therapeutics announced the promotion of Paolo Galfetti to Chief Operating Officer, effective October 14, 2022. Galfetti will maintain his role as CEO of APR Applied Pharma Research and continue his contributions to Relief's Board of Directors. With extensive experience in the pharmaceutical sector and a pivotal role in Relief's management since APR's acquisition, Galfetti is expected to enhance the company’s strategic initiatives, particularly the U.S. launch of PKU GOLIKE. Relief focuses on developing treatments for rare diseases, with significant ongoing projects including ACER-001 and aviptadil.

Positive

• Promotion of Paolo Galfetti to COO may bring fresh perspectives and strengthened leadership.
• Galetti's extensive experience in the pharmaceutical sector supports the company's growth strategy.
• Successful U.S. launch of PKU GOLIKE is anticipated, leveraging Galfetti's expertise.

Negative

• None.

GENEVA, SWITZERLAND / ACCESSWIRE / October 14, 2022 / RELIEF THERAPEUTICS Holding SA (SIX:RLF)(OTCQB:RLFTF)(OTCQB:RLFTY) ("Relief"), a Swiss, commercial-stage biopharmaceutical company identifying, developing and commercializing novel, patent protected products in selected specialty, rare and ultra-rare disease areas on a global basis, today announced that Paolo Galfetti has been promoted to Chief Operating Officer, effective October 14, 2022. Paolo will continue his responsibilities as CEO of APR Applied Pharma Research SA ("APR") and as a member of Relief's Board of Directors.

"Paolo has decades of experience in the pharmaceutical sector and has been an integral part of the Relief management team since the acquisition of APR last year, and this promotion to Chief Operating Officer is a testament to his leadership," stated Raghuram (Ram) Selvaraju, Ph.D., Chairman of the Board of Directors of Relief. "With our U.S commercial organization in place to execute the U.S. launch of PKU GOLIKE^®, and as the company matures, we will continue to leverage Paulo's expertise in business development, licensing, operational strategic management, clinical research, and pharmaceutical discovery and development."

Mr. Galfetti added, "I eagerly anticipate taking a more active role at Relief and expanding my responsibilities globally. It is truly a pleasure to be part of such a collaborative group of dedicated professionals. In particular I look forward to contributing to the execution of the company's overall growth strategy including the successful U.S. launch of PKU GOLIKE^®, powered by our proprietary, Physiomimic™ Technology, and if approved, to the worldwide development and commercialization of ACER-001 for Urea Cycle Disorders."

Since the acquisition of APR by Relief in June 2021, Mr. Galfetti has served as President of Relief Europe. He joined APR in 1995 as head of licensing and business development and was appointed its Chief Executive Officer in 2002. Under his leadership, APR brought its flagship PKU GOLIKE^® family of products onto the market and developed a rich pipeline of product candidates. Earlier in his career, Mr. Galfetti was a founding partner, Chief Executive Officer, and board member of the Institute for Pharmacokinetic and Analytical Studies AG (IPAS), a Swiss contract research organization, Chief Executive Officer, and board member of Farma Resa s.r.l., an Italian contract research organization, and a member of several Pharma licensing groups. He is a Chartered Financial Analyst and holds a bachelor's degree in economics from the Commercial University Bocconi, Milan, Italy.

ABOUT RELIEF

Relief is a Swiss, commercial-stage, biopharmaceutical company focused on identification, development and commercialization of novel, patent protected products intended for the treatment of rare and ultra-rare diseases including metabolic disorders, pulmonary diseases, and connective tissue disorders. Relief's diversified pipeline consists of assets that have the potential to effectively address significant unmet medical needs, including PKU GOLIKE^®, engineered with the proprietary Physiomimic technology, which is the first prolonged-release amino acid product commercialized for the dietary management of phenylketonuria ("PKU"). Relief has a Collaboration and License Agreement with Acer Therapeutics for the worldwide development and commercialization of ACER-001 (sodium phenylbutyrate) for the treatment of various inborn errors of metabolism, including Urea Cycle Disorders ("UCDs") and Maple Syrup Urine Disease ("MSUD"). Relief also continues to develop aviptadil for several rare pulmonary indications. Further, Relief is in clinical development for APR-TD011, a differentiated acid oxidizing solution of hypochlorous acid intended for the treatment of epidermolysis bullosa ("EB"), a group of rare, genetic, life-threatening connective tissue disorders; APR-TD011 has been granted Orphan Drug Designation by the FDA. Finally, Relief is commercializing several legacy products via licensing and distribution partners.

RELIEF THERAPEUTICS Holding SA is listed on the SIX Swiss Exchange under the symbol RLF and quoted in the U.S. on OTCQB under the symbols RLFTF and RLFTY.

For more information, visit www.relieftherapeutics.com. Follow Relief on LinkedIn.

CONTACT:

RELIEF THERAPEUTICS Holding SA
Jack Weinstein
Chief Financial Officer and Treasurer
contact@relieftherapeutics.com

FOR MEDIA/INVESTOR INQUIRIES:
LifeSci Advisors
Irina Koffler
+1-917-734-7387
ikoffler@lifesciadvisors.com

Disclaimer:

This communication expressly or implicitly contains certain forward-looking statements concerning RELIEF THERAPEUTICS Holding SA. Such statements involve certain known and unknown risks, uncertainties and other factors, including those risks discussed in RELIEF THERAPEUTICS Holding SA's filings with the SIX, which could cause the actual results, financial condition, performance or achievements of RELIEF THERAPEUTICS Holding SA to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. RELIEF THERAPEUTICS Holding SA is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SOURCE: Relief Therapeutics Holdings AG

View source version on accesswire.com:
https://www.accesswire.com/720442/Relief-Therapeutics-Announces-Promotion-of-Paolo-Galfetti-to-Chief-Operating-Officer

FAQ

Who is Paolo Galfetti and what is his role at Relief Therapeutics?

Paolo Galfetti is the newly promoted Chief Operating Officer of Relief Therapeutics, effective October 14, 2022. He is also the CEO of APR Applied Pharma Research.

What impact will Paolo Galfetti's promotion have on Relief Therapeutics?

His promotion is expected to enhance Relief's strategic initiatives, especially during the U.S. launch of PKU GOLIKE.

What are the key products Relief Therapeutics is focusing on?

Relief is focused on developing PKU GOLIKE, ACER-001 for Urea Cycle Disorders, and aviptadil for rare pulmonary indications.

When was Paolo Galfetti promoted to COO of Relief Therapeutics?

Paolo Galfetti was promoted to Chief Operating Officer on October 14, 2022.