PureTech Health plc (LSE: PRTC) (“PureTech Health” or the “Company”), an advanced, clinical-stage biopharmaceutical company, is pleased to announce today the appointment of Joep Muijrers, as the Company’s Chief Financial Officer after 11 successful years as a Partner and Portfolio Manager at LSP (Life Sciences Partners), a trans-Atlantic investor group with exclusive focus on life sciences, where he helped several companies become leaders in the biopharma industry and generated tremendous value for his firm’s stakeholders. In his new role at PureTech Health, Dr. Muijrers will be responsible for all aspects of the Company’s finances, including capital markets strategy and execution, driving monetization events for growth stage affiliates, strategic and financial planning, and financial reporting.
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Dr. Joep Muijrers joins PureTech Health as Chief Financial Officer (Photo: Business Wire)
“We are delighted to have Joep join PureTech Health and bring his diverse experience in life sciences and impressive track record of significant value creation to our team as we enter this next important phase of our growth,” said Daphne Zohar, Founder and Chief Executive Officer of PureTech Health.
“I have had the privilege of leading investments in a number of successful biotech companies, including those that were involved in some of the largest strategic transactions since the beginning of last year (Kite Pharma, Ablynx, CoLucid, Forward Pharma, NeuroDerm, and Juno Therapeutics). After a highly rewarding experience as an investor and investment banker, I am excited to be transitioning into an operating role,” Dr. Muijrers commented. “I am thrilled to join PureTech Health, one of the most exciting and unique biopharma companies I have come across in my career. I look forward to working with the seasoned team at the Company to help unlock the enormous value in the compelling internally-funded pipeline, as well as the exciting pipeline of affiliates.”
Dr. Muijrers joins PureTech Health with two decades of experience in corporate and capital finance, specifically focused on public market investment, M&A, portfolio management, strategic asset allocation, financial and regulatory reporting, and fundraising. In his previous role at LSP, Dr. Muijrers was responsible for investing in publicly-traded life sciences companies, a strategy that generated a total return in excess of 900% during the past decade, more than twice the return of the Nasdaq Biotechnology Index during the same period. Prior to joining LSP, Dr. Muijrers served as Director Corporate Finance and Capital Markets at Fortis Bank, currently part of ABN AMRO. Dr. Muijrers holds a Ph.D. degree in Molecular Biology from the European Molecular Biology Laboratory (EMBL) in Heidelberg, Germany, and a Master’s degree in Biochemistry from the University of Nijmegen, the Netherlands.
About PureTech Health
PureTech Health (PRTC.L) is an
advanced, clinical-stage biopharmaceutical company developing novel
medicines targeting serious diseases that result from dysfunctions in
the nervous, immune, and gastrointestinal systems (brain-immune-gut or
the “BIG” axis), which together represent the adaptive human systems.
PureTech Health is at the forefront of understanding and addressing the
biological processes and crosstalk associated with the BIG axis. By
harnessing this emerging field of human biology, PureTech Health is
pioneering new categories of medicine with the potential to have great
impact on people with serious diseases. PureTech Health is advancing a
rich pipeline of innovative therapies that includes two pivotal stage
programs, multiple human proof-of-concept studies and a number of early
clinical and pre-clinical programs. PureTech’s research and development
pipeline has been advanced in collaboration with some of the world’s
leading scientific experts, who along with PureTech's team of biopharma
pioneers, entrepreneurs and seasoned Board, identify, invent, and
clinically de-risk new medicines. With this experienced team pursuing
cutting edge science, PureTech Health is building the biopharma company
of the future focused on improving and extending the lives of people
with serious disease. For more information, visit www.puretechhealth.com
or connect with us on Twitter @puretechh.
Forward Looking Statement
This press release contains
statements that are or may be forward-looking statements, including
statements that relate to PureTech’s future prospects, developments and
strategies. The forward-looking statements are based on current
expectations and are subject to known and unknown risks and
uncertainties that could cause actual results, performance and
achievements to differ materially from current expectations, including,
but not limited to, those risks and uncertainties described in the risk
factors included in the regulatory filings for PureTech Health. These
forward-looking statements are based on assumptions regarding the
present and future business strategies of the company and the
environment in which it will operate in the future. Each forward-looking
statement speaks only as at the date of this press release. Except as
required by law and regulatory requirements, neither PureTech Health nor
any other party intends to update or revise these forward-looking
statements, whether as a result of new information, future events or
otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180423006532/en/
Contacts:
Allison Mead Talbot, +1 617-651-3156
amt@puretechhealth.com
or
Ten
Bridge Communications
Tom Donovan, +1 857 559 3397
tom@tenbridgecommunications.com