Directorate Change

Released : 09 Feb 2017 07:00

RNS Number : 3896W
Amryt Pharma PLC
09 February 2017
 

AIM: AMYT

ESM: AYP

Amryt Pharma plc

("Amryt" or the "Company")

 

Directorate Change

 

Amryt, the pharmaceutical company focused on best-in-class treatments for rare and orphan diseases, announces that Non-executive Director, Cathal Friel, will be stepping down from the Board of Directors on 31 March 2017.

 

The Board would like to thank Cathal for his significant contribution to the Company, in particular with the admission of Amryt's shares to AIM and ESM in April 2016 via the reverse takeover of Fastnet Equity plc, where Cathal was Executive Chairman. Cathal will have served on Amryt's Board for approximately a year since that date and now steps down to focus on his other business interests.

 

Harry Stratford, Chairman of Amryt, commented:

 

"Cathal has seen the business achieve very significant milestones in its first year. I would like to thank him for his extremely important contribution during the reverse takeover and for his guidance during our first year as a public company. We wish him well for the future." 

 

Cathal Friel, commented:

 

"Having helped Amryt with its admission to AIM and over its first full year as a public company, I leave the Board with great confidence in the executive team and remain very excited about the Group's future potential."

 

Enquiries:

Amryt Pharma plc

C/o KTZ Communications

Joe Wiley, CEO

Rory Nealon, CFO/COO

 

 

 

Shore Capital

+44 (0) 20 7408 4090

Nomad and Joint Broker

 

Bidhi Bhoma, Edward Mansfield

 

 

 

Davy

+353 (1) 679 6363

ESM Adviser and Joint Broker

 

John Frain, Anthony Farrell

 

 

 

Stifel

+44 (0) 20 7710 7600

Joint Broker

 

Jonathan Senior, Ben Maddison

 

 

 

KTZ Communications

+44 (0) 20 3178 6378

Katie Tzouliadis, Emma Pearson

 

 

 

 

About Amryt Pharma plc - see www.amrytpharma.com

Amryt Pharma is a specialty pharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare or orphan diseases. The Company is building a diversified portfolio of commercially attractive, best-in-class, proprietary new drugs to help address some of these rare and debilitating illnesses for which there are currently no available treatments.

 

It recently acquired an exclusive licence to sell LOJUXTA (lomitapide), across the EU and other territories including the Middle East, North Africa, Turkey and Israel. LOJUXTA is used to treat a rare life-threatening disease called Homozygous Familial Hypercholesterolemia. 

 

Amryt's lead development product, AP101 (Episalvan), received marketing approval for the treatment of partial-thickness wounds from the European Commission in January 2016. Amryt intends to develop AP101 (Episalvan) as a new treatment for Epidermolysis Bullosa ("EB"), a rare and distressing genetic skin disorder affecting young children for which there is currently no treatment. The Company is currently planning a Phase 3 study of AP101 (Episalvan) in EB, which has been granted US and EU orphan drug designation. The market opportunity for EB is estimated to be circa EUR 1.3 billion.

 

Amryt's earlier stage product AP102 is focused on developing novel, next generation somatostatin analogue ("SSA") peptide medicines for patients with rare neuroendocrine diseases, where there is a high unmet medical need, including acromegaly and Cushing's disease. AP102 was recently granted orphan designation in the US in acromegaly by the FDA.

 

The Company joined AIM and Dublin's ESM in April 2016 following the reverse takeover of Fastnet Equity PLC.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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