PAION AG: ANNUAL GENERAL MEETING APPROVES ALL AGENDA ITEMS AND ELECTS DR. DR. IRINA ANTONIJEVIC AND DR. CHRIS TANNER TO THE SUPERVISORY BOARD
– Agenda items approved with large majority
– Supervisory Board expanded to five members with Dr. Dr. Irina Antonijevic and Dr. Chris Tanner
Aachen (Germany), 17 May 2017 – The specialty pharmaceutical company PAION AG (ISIN DE000A0B65S3; Frankfurt Stock Exchange, Prime Standard: PA8) today announces that the resolutions proposed by the Management Board and Supervisory Board were accepted by the Annual General Meeting on 17 May 2017 with large majorities. The results are available on the company’s website www.paion.com/media-and-investors/annual-general-meeting.
Dr. Dr. Irina Antonijevic and Dr. Chris Tanner have been elected to the company’s Supervisory Board by the Annual General Meeting. This was based on the approval of the Annual General Meeting to increase the number of Supervisory Board members from three to five.
The chairman of the Supervisory Board, Dr Jörg Spiekerkötter, commented: “I am very pleased that we were able to win well-known industry experts with Dr. Dr. Irina Antonijevic and Dr. Chris Tanner as new Supervisory Board members for PAION AG. I look forward to working together with them.”
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About Dr. Dr. Irina Antonijevic
Dr. Dr. Irina Antonijevic joined vasopharm GmbH in 2016 as Chief Medical Officer. She has more than 16 years of drug development experience in different pharmaceutical organizations, with a focus on neuropsychiatric and rare diseases. In her last role at Sanofi Genzyme in Cambridge (MA, USA), she oversaw multiple innovative clinical programs as Global Head Early Development Neurology and Ophthalmology. She completed her medical studies at the Technical University of Munich (1991), received her MD from the Max Planck Institute in Munich (1992) and her PhD from the University of Edinburgh, UK (1995). She completed her residency at the Max Planck Institute of Psychiatry in Munich and received her Venia Legendi from the Charité, Berlin, in 2004. Dr. Dr. Antonijevic has been a regular reviewer for the German Ministry of Research (BMBF) since 2006.
About Dr. Chris Tanner
Dr. Chris Tanner was a member of the Executive Board since 2005 and has been a member of the Supervisory Board of Cosmo Pharmaceuticals N.V. since 2006 for which he conducted the IPO as Chief Financial Officer and Head of Investor Relations. In 2015, Cosmo span off the daughter Cassiopea SpA where he also acts as Chief Financial Officer and Head of Investor Relations. Moreover, he is a member of the board of directors or advisory board (Beirat) of listed DKSH AG, Private Equity Holding AG and the private medtec companies Qvanteq AG and Joimax GmbH. From 1998 to 2001, he was a partner of Dr. Ernst Mueller-Moehl and co-founder of the 20 Minutes group of newspapers and founded A&A Active Investor, a SIX-listed investment company. From 1992 to 1998, he was the Head of Corporate Finance & Capital Markets at UBS in Zurich, and from 1976 to 1991 he had various functions in the Corporate Banking Department at UBS in Zurich, Madrid and Los Angeles. Dr. Tanner has a PhD in economics and a diploma as economist from the University of St. Gallen.
About PAION
PAION AG is a publicly listed specialty pharmaceutical company developing and aiming to commercialize innovative drugs to be used in out-patient and hospital-based sedation, anesthesia and critical care services. PAION’s lead compound is remimazolam, an intravenous, ultra-short-acting and controllable benzodiazepine sedative/anesthetic drug candidate which is in Phase III clinical development for use in procedural sedation in the U.S. Currently, PAION is mainly focusing its business and financial resources on successfully completing its ongoing clinical development program in procedural sedation. Outside the U.S., PAION has so far focused on the development of remimazolam in the indication general anesthesia. A full clinical development program for general anesthesia was completed in Japan and PAION is preparing filing in Japan. In the EU, PAION is currently planning to continue the clinical development program. Development of remimazolam in the indication intensive care unit (ICU) sedation is also part of the longer term life-cycle plan for remimazolam.
PAION is headquartered in Aachen (Germany) with a further site in Cambridge (United Kingdom).
PAION’s vision is to become an acknowledged “PAIONeer” in sedation and anesthesia.
Contact
Ralf Penner
Vice President Investor Relations/Public Relations
PAION AG
Martinstrasse 10-12
52062 Aachen – Germany
Phone +49 241 4453-152
E-mail r.penner@paion.com
www.paion.com
Disclaimer:
This release contains certain forward-looking statements concerning the future business of PAION AG. These forward-looking statements contained herein are based on the current expectations, estimates and projections of PAION AG’s management as of the date of this release. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors. Should actual conditions differ from the Company’s assumptions, actual results and actions may differ materially from any future results and developments expressed or implied by such forward-looking statements. Considering the risks, uncertainties and other factors involved, recipients should not rely unreasonably upon these forward-looking statements. PAION AG has no obligation to periodically update any such forward-looking statements to reflect future events or developments
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