Affitech announces Management change: Managing Director Dr Martin Welschof will leave
Affitech A/S announced that Dr Martin Welschof, its Managing Director, will leave his position at the end of the year. The Board of Directors has accepted his resignation with effect from 31st December, 2011 and will consider potential candidates to succeed him during the coming weeks.
Dr Aleksandr Shuster, Chairman of Affitech Board of Directors, commented: "Martin has served Affitech for more than 9 years and during the last 12 months has led the management team in transforming the Company into a product-focused organization. Under his leadership, Affitech has successfully completed the preclinical and GMP manufacturing development of our leading antibody product, AT001/r84, providing a package of data which is currently being used to compile the clinical trial application in Russia. On behalf of the Board, I wish to thank Martin for his dedicated service to the Company and am pleased that he will remain in post at Affitech for the remainder of this year while we finalize plans for his successor.”
Dr Martin Welschof said: “It has been an honor to work with the many talented and dedicated people at Affitech. Together, we have made important progress in our goal to build an innovative portfolio of novel therapeutic monoclonal antibody drugs which might provide better treatment options to patients."
There are no changes to other members of the Company’s Executive Management.
Affitech A/S announced that the Company has received 2.5 million Euro in milestone payment from IBC Generium. The payment is related to the delivery of the preclinical package for Affitech’s anti VEGF antibody AT001/r84 to its Russian collaboration partner IBC Generium, who will use the pac ... more
Affitech A/S announced that the U.S. Patent and Trademark Office (USPTO) has granted Affitech U.S. patent (no. 8,034,905) covering the Company’s anti-VEGF antibody drug candidate AT001/r84. The newly granted US patent is the first patent grant Affitech has received for this compound in a ma ... more
Affitech A/S announced that IBC Generium has exercised the license to Affitech’s lead anti-VEGF antibody drug candidate AT001/r84. The license grant triggered a payment of Euro 2.5 million by IBC Generium to Affitech A/S and provides IBC Generium with the exclusive rights to develop and mar ... more
Affitech is a privately held biotechnology company based in Oslo, Norway, that has developed a comprehensive package of innovative technologies for the generation and use of human antibodies. The most significant aspect of the Company’s proprietary technologies includes its dominant worldwi ... more