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Marseille, May 30, 2006 - Trophos SA, a biopharmaceutical company
specializing in the discovery and development of drugs for neurodegenerative
diseases, announced today the appointment of Jacques Essinger, PhD, as
President of its Supervisory Board. Dr Essinger has over 20 years of
experience in the biomedical industry and presently sits on the Boards of
several private and public-quoted companies.
Dr Essinger, 45, brings Trophos a wealth of experience in developing
biomedical companies on both sides of the Atlantic. He was CEO at Modex
Therapeutics, a company focusing on tissue repair, regeneration and
replacement. After Dr Essinger took it through an IPO and two M&A
transactions, it became Isotis Orthobiology, a public company focussing on
bone substitute, listed on the Zurich, Amsterdam and Toronto stock
exchanges. He holds a MS degree in Physics and a PhD degree in Biomechanics
from the Swiss Federal Institute of Technology, Lausanne, Switzerland.
"Trophos has two exciting mature programs: ALS, which, after a positive
Phase II/III, could become a serious in-house product with potential sales
in excess of USD500M, and neuropathic pain, which, following a Phase IIa,
would be a strong licensing opportunity," said Dr Essinger. "I am pleased to
join the Trophos Supervisory Board and to be working with Trophos CEO
Antoine Béret in setting the strategy going forward and securing the
appropriate financing."
"Jacques has considerable experience establishing and developing companies
in both Europe and the USA and his presence on the board will be of great
value to the Company as we progress our clinical phase pipeline and continue
to build the company towards its objective of becoming a specialty
biopharmaceutical company," said Antoine Béret, CEO at Trophos. "It is a
pleasure to welcome Jacques to the role of President of the Supervisory
Board."
Béret added: "We are particularly excited that TRO19622, the lead molecule
discovered using our innovative phenotypic screening platform, has
successfully completed Phase I clinical studies thereby allowing us to
proceed rapidly into clinical trials of efficacy in both neuropathic pain
and ALS patients."
About Trophos:
www.trophos.com
Trophos is a biopharmaceutical company developing drugs to treat
neurodegenerative diseases. These are severely debilitating, often fatal,
disorders with few effective drugs and tremendous unmet medical needs.
Trophos has pioneered an innovative phenotypic screening platform which has
enabled it to develop a proprietary portfolio of products in preclinical and
clinical phases of development. The company is focusing its efforts on four
therapeutic domains: neuropathic pain, the motoneuron diseases (ALS & SMA),
Huntington's disease and Alzheimer's disease.
The company is based in Marseille, France and currently has 35 employees.
For more information please
contact:
Andrew Lloyd & Associates
Andrew Lloyd / Heidi Thompson
Tel: +44 1273 675100
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