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Head of Manufacturing. He joins the company today and will lead all aspects of
the manufacture of Betalutin® for clinical trials and future commercialisation,
as well as the production of new CD37-targeting candidates emerging from the
company’s pipeline.
Dr Wright joins from Piramal Healthcare, an international Contract Development
and Manufacturing Organisation (CDMO) specialising in the production and
manufacture of pharmaceutical products. Dr Wright spent the past 12 years at
Piramal, based at its cGMP accredited facilities in the UK, and has expertise in
all aspects of the manufacture of radio-immuno conjugates and antibody drug
conjugates (ADCs). He has experience of cGMP manufacture of 25 ADC projects,
including the manufacture of ADCETRIS® (brentuximab vedotin), a CD30-targeting
ADC for the treatment of relapsed or refractory Hodgkin’s lymphoma and systemic
anaplastic large cell lymphoma, which was one of the first ADCs approved.
Marco Renoldi, Nordic Nanovector’s Chief Operating Officer, said, “Mark has
highly relevant experience in the manufacture of novel targeted therapeutics for
cancer. As we advance with Betalutin® through the pivotal PARADIGME study we are
putting in place key elements for its commercialisation pending approval. We are
pleased to welcome Mark to the team and anticipate that his expertise will prove
highly valuable towards this goal.”
Mark Wright commented: “Nordic Nanovector’s CD37-targeting approach, including
Betalutin®, offers multiple opportunities for the development of novel targeted
therapies that incorporate different types of anti-tumour payloads. I am looking
forward to working with the team and bringing my knowledge to this crucial part
of its product development and commercialisation strategy.” ADCETRIS® is the US
registered trademark of Seattle Genetics, Inc.
For further information, please contact:
IR enquiries
Malene Brondberg, VP Investor Relations and Corporate Communications
Cell: +44 7561 431 762
Email: ir@nordicnanovector.com
International Media Enquiries
Mark Swallow/David Dible (Citigate Dewe Rogerson)
Tel: +44 207 638 9571
Email: nordicnanovector@citigatedewerogerson.com
About Nordic Nanovector
Nordic Nanovector is committed to develop and deliver innovative therapies to
patients to address major unmet medical needs and advance cancer care. The
Company aspires to become a leader in the development of targeted therapies for
haematological cancers. Nordic Nanovector’s lead clinical-stage candidate is
Betalutin®, a novel CD37-targeting antibody-radionuclide-conjugate designed to
advance the treatment of non-Hodgkin’s lymphoma (NHL). NHL is an indication with
substantial unmet medical need, representing a growing market forecast to be
worth nearly USD 29 billion by 2026. Nordic Nanovector intends to retain
marketing rights and to actively participate in the commercialisation of
Betalutin® in core markets. Further information can be found at
www.nordicnanovector.com
Forward-looking statements
This press release contains certain forward-looking statements. These
statements are based on management’s current expectations and are subject to
uncertainty and changes in circumstances, since they relate to events and depend
on circumstances that will occur in the future and which, by their nature, will
have an impact on Nordic Nanovector’s business, financial condition and results
of operations. The terms “anticipates”, “assumes”, “believes”, “can”, “could”,
“estimates”, “expects”, “forecasts”, “intends”, “may”, “might”, “plans”,
“should”, “projects”, “targets”, “will”, “would” or, in each case, their
negative, or other variations or comparable terminology are used to identify
forward-looking statements. These forward-looking statements are not historic
facts. There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied in the forward
-looking statements. Factors that could cause these differences include, but are
not limited to, risks associated with implementation of Nordic Nanovector’s
strategy, risks and uncertainties associated with the development and/or
approval of Nordic Nanovector’s product candidates, ongoing and future clinical
trials and expected trial results, the ability to commercialise Betalutin®,
technology changes and new products in Nordic Nanovector’s potential market and
industry, Nordic Nanovector’s freedom to operate (competitors patents) in
respect of the products it develops, the ability to develop new products and
enhance existing products, the impact of competition, changes in general economy
and industry conditions, and legislative, regulatory and political factors. No
assurance can be given that such expectations will prove to have been correct.
Nordic Nanovector disclaims any obligation to update or revise any forward
-looking statements, whether as a result of new information, future events or
otherwise.
This information is subject to a duty of disclosure pursuant to Section 5-12 of
the Securities Trad
http://www.netfonds.no/quotes/release.php?id=20190102.OBI.20190102S4