Nuformix PLC Appointment of Non-Executive Director (2470G)

TIDMNFX

RNS Number : 2470G

Nuformix PLC

24 November 2020

Nuformix plc

Appointment of Dr Julian Gilbert as Non-Executive Director

Cambridge, UK - 24 November 2020: Nuformix plc (LSE:NFX; "Nuformix", the "Company" or the "Group"), a drug re-purposing specialist, is pleased to announce the appointment of Dr Julian Gilbert to the Board of Nuformix as a Non-Executive Director with immediate effect.

Julian has more than 30 years of commercial and technical experience in the pharmaceutical industry gained at a number of companies including Chiroscience Plc, Mundipharma International Limited, British Technology Group plc (BTG) and Smith Kline & French (now GlaxoSmithKline plc). Most recently, Julian was co-founder and CEO of Acacia Pharma Group plc (Acacia), raising c.GBP100m in private and public funding and leading its flotation on Euronext in 2018. Julian resigned from Acacia on 31 July 2019. Prior to Acacia, he was co-founder and Commercial Director of Arakis Limited which was sold to Sosei in 2005 for GBP107 million. Julian has worked in business development since 1992 and has led multiple business development projects.

Julian has a degree in pharmacy and a PhD in pharmaceutics, both from the University of Nottingham.

Julian will be appointed as a member of the Nomination & Audit Committees.

The Board is also undertaking a search for an additional independent Non-Executive Director with recent and relevant financial experience.

Dr Chris Blackwell, Executive Chairman, commented:

"It's a pleasure for us to welcome Julian to the Board. Julian's knowledge and experience will be extremely valuable as the Company moves forward with its near-term strategic priorities focussed on business development and licensing opportunities. "

Commenting on his appointment, Dr Julian Gilbert said:

"I am delighted to be joining the Board of Nuformix, and look forward to supporting the Company achieve key strategic objectives."

No further information is required to be disclosed pursuant to LR 9.6.13 R.

The person responsible for arranging the release of this announcement on behalf of the Company is Dr Chris Blackwell, Executive Chairman.

Enquiries:

 
 Nuformix plc 
  Dr Chris Blackwell, Executive Chairman 
  Fleur Wood, Investor Relations 
  Email: [e-mail]              [phone] 
 
   Novum Securities Limited 
   Jon Belliss / Colin Rowbury                [phone] 
 

About Nuformix

Nuformix is a pharmaceutical development company focused on unlocking the therapeutic potential and value of known drugs to develop new novel medicines which provide therapeutic and commercial advantages to the currently available drug form. Nuformix's model of repurposing drugs utilises many technologies but is focussed on its acknowledged expertise in the use of cocrystal technology through which the Group has developed and patented novel forms of small molecules. Its platform is not therapy-specific but instead has broad application across a wide range of indications. Using its technology, the Group is developing proprietary medicines for its own development pipeline and in partnership with pharmaceutical and biotech companies.

Nuformix plc shares are traded on the London Stock Exchange's Official List under the ticker: NFX. For more information please visit www.nuformix.com .

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November 24, 2020 02:00 ET (07:00 GMT)