OSR Holdings Appoints Dr. Andreas Niethammer as Chief Medical Officer of Vaximm AG, an OSR Company
Rhea-AI Summary
OSR Holdings (NASDAQ: OSRH) has appointed Dr. Andreas Niethammer as Chief Medical Officer of its subsidiary Vaximm AG. Dr. Niethammer, who co-founded Vaximm, is returning to lead the clinical development of the company's oral T-cell activator platform, including the clinical-stage candidate VXM01.
With over 20 years of experience in cancer immunotherapy, Dr. Niethammer brings significant expertise from leadership roles at companies like Fate Therapeutics, NantKwest, and Pfizer. He originally developed the concept of oral T-cell vaccination at the Scripps Research Institute and has successfully advanced VXM01 into clinical trials for pancreatic cancer and glioblastoma.
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News Market Reaction
On the day this news was published, OSRH declined 7.02%, reflecting a notable negative market reaction. Argus tracked a peak move of +6.6% during that session. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $22M at that time.
Data tracked by StockTitan Argus on the day of publication.
Dr. Niethammer is an internationally recognized oncology expert with over two decades of experience in cancer immunotherapy, clinical development, and translational medicine. He previously held leadership roles at global biopharmaceutical companies including Fate Therapeutics, NantKwest (now Immunity Bio), Pfizer, and more recently Aardvark Therapeutics, and has played a pivotal role in the development of novel immuno-oncology platforms, including VXM01.
Vaximm was co-founded by Dr. Niethammer to advance and commercialize therapeutic candidates based on his original publications on the concept of oral T-cell vaccination while at the Scripps Research Institute (Nature, 2002). Under his leadership, Vaximm successfully advanced lead candidate, VXM01, into first-in-human clinical studies for both pancreatic cancer and glioblastoma.
"We are thrilled to welcome Dr. Niethammer back to Vaximm as CMO leading Vaximm's clinical strategy," said Dr. Constance Höfer, Chief Science Officer of OSRH. "His unique understanding of Vaximm's foundational scientific concepts, combined with his deep global clinical development experience, perfectly place him to both continue the clinical advancement of the lead candidate VXM01, and also to drive platform and pipeline expansion in oncology as well as other disease areas."
"I am honored to rejoin Vaximm at this exciting moment in its evolution," said Dr. Niethammer. "With OSR Holdings' support and resources, we are uniquely positioned to accelerate the development of powerful oral immunotherapies with the potential to improve outcomes for patients with difficult-to-treat cancers, as well as other diseases with high unmet needs where the Vaximm platform can potentially transform treatment options and outcomes."
Dr. Niethammer received his M.D. and Ph.D. from the University of Heidelberg and currently serves as an associate professor of oncology at Heidelberg University. He has authored numerous peer-reviewed publications and is widely regarded as a leader in T-cell–based cancer vaccine development.
About Vaximm AG
Vaximm, a wholly owned subsidiary of OSR Holdings Inc., is a Swiss-German biotech company focused on the development of oral T-cell immunotherapies for cancer. Its proprietary platform is designed to activate targeted cytotoxic T-cell responses via oral administration. Vaximm's lead program, VXM01, has completed Phase I/II clinical trials in pancreatic cancer and glioblastoma.
About OSR Holdings Inc.
OSR Holdings, Inc. (NASDAQ: OSRH) is a global healthcare holding company dedicated to advancing biomedical innovation approaches to health and wellness to support global health outcomes. Through its subsidiaries, OSRH is engaged in immuno-oncology, regenerative biologics, and medical device distribution. OSRH's vision is to acquire and operate a portfolio of innovative healthcare and wellness companies, improving patient care through cutting-edge research and development.
Contact Information
OSR Holdings, Inc.
Investor Relations
ir@osr-holdings.com
+82-31-948-9419
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SOURCE OSR Holdings Inc.
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