Venn Life Sciences Holdings PLC Board Appointment (9595Z)
14 Mars 2013 - 8:01AM
UK Regulatory
TIDMVENN
RNS Number : 9595Z
Venn Life Sciences Holdings PLC
14 March 2013
Venn Life Sciences Holdings Plc
("Venn" or the "Company")
Board Appointment
Venn Life Sciences (AIM: VENN), a growing Clinical Research
Organisation (CRO) providing clinical trial management and
resourcing solutions to pharmaceutical, biotechnology and medical
device clients, announces the appointment of Paul Kennedy as
Non-Executive Director with immediate effect.
Paul has an extensive career in the pharmaceutical industry
having been President of Novo Nordisk France for 15 years and
before that working as a Marketing Director for seven years at
Abbot France and Boots, both in the UK and France. Having left Novo
Nordisk in 1994, Paul set up his own pharmaceutical company,
Laboratoires Murat, which was purchased by Fuisz Technologies Ltd,
a Nasdaq listed drug delivery company three years later. Paul then
worked as Executive Vice President, Operations for Fuisz
Technologies in Paris before the business was sold to Shire plc in
1999 for a further premium.
From 1999 to 2004 Paul worked as an Independent Consultant in
the pharmaceutical industry where he continued to build on his
M&A experience by advising on a series of transactions,
including the sale of Ethypharm for EUR235m and the sale of
Laboratoires Dexo for EUR12.5m. In 2004 Paul became President of
International Operations at AIM listed medical diagnostics company
Cozart plc, establishing their international organisation from a
standing start. Cozart was subsequently sold for GBP65m in 2007 to
Concateno plc. In 2007 Paul became a controlling shareholder and
Director of US listed IVAX Diagnostics, Inc, which was subsequently
sold to Transasia Bio-Medicals Ltd, India's largest diagnostics
company, in September 2010. Paul is also fluent in French and
Spanish.
Commenting on the appointment, Venn CEO, Tony Richardson, said:
"We are very pleased to welcome Paul to the Board as a
Non-Executive Director. Paul's knowledge of the pharmaceutical and
medical diagnostics industries, and particularly his experience in
M&A transactions, will be a great benefit to Venn as we
continue to execute our strategy of becoming a leading mid-sized
CRO in Europe."
Enquiries:
Venn Life Sciences Holdings Plc
Tony Richardson, Chief Executive Officer Tel: +353 154 99 341
Paul Foulger, Finance Director Tel: 020 7245 1100
Zeus Capital (Nominated Adviser and
Broker)
Ross Andrews/Andrew Jones(Corporate Tel: 0161 831 1512
Finance)
John Goold (Institutional Sales) Tel: 020 7016 8925
Walbrook PR Ltd Tel: 020 7933 8787 or venn@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07584 391 303
Additional Information:
Paul Francis Kennedy, aged 68, holds 480,035 shares in the
Company and other than as set out below there is no further
information to be disclosed under schedule 2(g) and Rule 17 of the
AIM Rules in respect of Mr Kennedy's appointment today as a
Director of the Company.
Paul is a director / partner or has been a director / partner of
the following companies / partnerships during the previous five
years:
Current directorships/partnerships Director/Partner in the last 5 years
----------------------------------- -------------------------------------
None IVAX Diagnostics, Inc
----------------------------------- -------------------------------------
About Venn Life Sciences Limited: www.vennlifesciences.com
Venn Life Sciences is a Clinical Research Organisation ("CRO")
providing a suite of consulting and clinical trial services to
pharmaceutical, biotechnology and medical device organisations and
having operations in France, the Netherlands, Russia and Ireland,
with a branch office in Switzerland. The Venn Group also includes a
Clinical Resourcing business based in France. The Company's near
term objective is the expansion of its coverage to other European
countries through strategic acquisitions thus combining a number of
small European CROs to build a mid-sized CRO focused on the
European market, offering clients a full service, multi-centred
capability in Phase II-IV trials and across a range of principal
disease areas.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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