HOOKIPA Announces Changes to its Board of Directors – Resignation of Sander van Deventer
HOOKIPA Pharma (NASDAQ: HOOK) announced the resignation of Dr. Sander van Deventer as a Non-Executive Director of its Board, effective immediately.
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Rhea-AI Summary
HOOKIPA Pharma (NASDAQ: HOOK) announced the resignation of Dr. Sander van Deventer as a Non-Executive Director of its Board, effective immediately. He joined the Board in 2011 but will continue his role in the Scientific Advisory & Review Committee. The Board now consists of 8 members, with Dr. Jan van de Winkel as Chairman. HOOKIPA focuses on developing immunotherapeutics targeting infectious diseases and cancers, utilizing its proprietary arenavirus platform. Key projects include a Phase 2 CMV vaccine and collaborations with Gilead for HIV and Hepatitis B.
Positive
- Dr. Sander van Deventer's resignation may allow for fresh leadership perspectives within the Board.
- HOOKIPA continues to advance its CMV vaccine in Phase 2 trials, indicating progress in its pipeline.
Negative
- The resignation of a long-term Board member raises concerns about potential continuity and experience gaps.
Details
News Market Reaction – HOOK
The recorded move for HOOK in the trading session of this news was +4.72%.
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NEW YORK and VIENNA, Austria, June 19, 2020 (GLOBE NEWSWIRE) -- HOOKIPA Pharma Inc. (NASDAQ: HOOK, ‘HOOKIPA’), a company developing a new class of immunotherapeutics targeting infectious diseases and cancers based on its proprietary arenavirus platform, today announced that Dr. Sander van Deventer has resigned as a Non-Executive Director of the Company’s Board of Directors and Audit Committee.
Sander van Deventer, who joined the Board of Directors in 2011, will continue to serve as a member of HOOKIPA’s Scientific Advisory & Review Committee.
Dr. Jan van de Winkel, Chairman of the Board of Directors at HOOKIPA, said: “On behalf of my fellow Board members and HOOKIPA's executive team, I would like to thank Sander for his major contributions to building our company. His extensive experience and creative insights played an important part in our development and he leaves with our very best wishes for the future.”
HOOKIPA’s Board of Directors will now consist of 8 members, including Dr. Jan van de Winkel as Chairman, Michael A. Kelly, Dr. David R. Kaufman, Dr. Christoph Lengauer, Julie O’Neill, Graziano Seghezzi, Joern Aldag, and Reinhard Kandera.
About HOOKIPA
HOOKIPA Pharma Inc. (NASDAQ: HOOK) is a clinical stage biopharmaceutical company developing a new class of immunotherapeutics targeting infectious diseases and cancers based on its proprietary arenavirus platform that is designed to reprogram the body’s immune system.
HOOKIPA’s proprietary arenavirus-based technologies, VaxWave®, a replication-deficient viral vector, and TheraT®, a replication-attenuated viral vector, are designed to induce robust antigen specific CD8+ T cells and pathogen-neutralizing antibodies. Both technologies are designed to allow for repeat administration to augment and refresh immune responses. TheraT® has the potential to induce CD8+ T cell response levels previously not achieved by other immuno-therapy approaches. HOOKIPA’s “off-the-shelf” viral vectors target dendritic cells in vivo to activate the immune system.
HOOKIPA’s VaxWave®-based prophylactic Cytomegalovirus (CMV) vaccine candidate is currently in a Phase 2 clinical trial in CMV-negative patients awaiting kidney transplantation from living CMV-positive donors as well as CMV-positive patients awaiting kidney transplantation from CMV-positive or -negative donors. To expand its infectious disease portfolio, HOOKIPA has entered into a collaboration and licensing agreement with Gilead Sciences, Inc. to jointly research and develop functional cures for HIV and chronic Hepatitis B infections.
In addition, HOOKIPA is building a proprietary immuno-oncology pipeline by targeting virally mediated cancer antigens, self-antigens and next-generation antigens. The TheraT® based lead oncology product candidates, HB-201 and HB-202, are in development for the treatment of Human Papilloma Virus 16-positive cancers. The Phase 1/2 clinical trial for HB-201 was initiated in December 2019. The HB-202 IND application was cleared by the FDA in June 2020.
Find out more about HOOKIPA online at www.hookipapharma.com.
| For further information, please contact: | |
| Media | Investors |
| Nina Waibel | Matt Beck |
| Senior Director - Communications | Executive Director - Investor Relations |
| nina.waibel@hookipapharma.com | matthew.beck@hookipapharma.com |
| Media enquiries | |
| Instinctif Partners | |
| hookipa@instinctif.com | |
| +44 (0)20 7457 2020 |
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