Shield Therapeutics promotes CFO to CEO as founder departs
Current CFO Tim Watts will replace outgoing CEO and company founder Carl Sterritt
Company
LON:STX
Shield Therapeutics PLC is a commercial-stage specialty pharmaceutical company with a focus on addressing iron deficiency with its lead product Accrufer ® /Feraccru ® (ferric maltol). The group has launched Accrufer® in the US and Feraccru ® is commercialized in the UK and European Union by Norgine B.V., who also have the marketing rights in Australia and New Zealand. Shield also has an exclusive license agreement with Beijing Aosaikang Pharmaceutical for the development and commercialization of Accrufer ® / Feraccru ® in China, Hong Kong, Macau and Taiwan, with Korea Pharma Co in the Republic of Korea, and with KYE Pharmaceuticals in Canada.
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Current CFO Tim Watts will replace outgoing CEO and company founder Carl Sterritt
The company stressed that this clarification process will have no impact on either the existing marketing authorisations or prescribing information used in the regulatory submissions that led to the approval of its product in Europe, the US
Two key successes were the positive results of the AEGIS-H2H study (Ferracru vs Ferinject) and the FDA's approval of Accrufer
House broker finncap said it was a good deal especially considering that ASK has to fund a clinical trial in China.
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Principal investigator Dr Stefanie Howaldt, from the MVZ-Immunology Clinic in Hamburg, said: "This data shows that not only is Feraccru a real oral alternative to IV iron for these patients with iron deficiency anaemia, but that it can also
The updates were provided alongside the company's interim results
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The Food & Drug Administration has given what’s called broad label approval to Feraccru, which will be marketed as Accrufer in America
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