Drug developer Faron Pharmaceuticals Ltd (LON:FARN) has unveiled plans to appoint two new independent directors.
They are Dr Gregory Brown and John Poulos, who bring with them a breadth and depth of industry experience.
Brown has spent 35 years working in healthcare and investment and he founded HealthCare Royalty Partners, a private asset management firm investing in biopharmaceutical and medical products. He is also a director of NASDAQ-listed Caladrius Biosciences and Nuron Biotech.
Poulos, meanwhile, is a 38-year sector veteran and has held senior roles at AbbVie and Abbott and was most recently head of licensing and acquisitions for the former.
During his career, he was instrumental in negotiating numerous acquisitions, Faron said, including the purchases of Knoll/BASF Pharma in 2001 for US$6.9bn and Solvay in 2010 for US$6.2bn.
Chairman Dr Frank Armstrong said: “They will both bring a wealth of global experience in the life sciences and investment community to strengthen our board, particularly from a US and commercial angle, as we continue to progress through a pivotal year.”
The appointments of the two new non-execs will be formally ratified at the company’s annual meeting next month.
Separately, Faron said Dr Juho Jalkanen is stepping down from the board as a non-executive director to take on the role of vice president of business development with the company.