New Board Member Joins AFFiRiS AG
News Sep 10, 2014
AFFiRiS AG has announced the appointment of Oliver Siegel as a new member of the Executive Management Board. He will take over responsibility for Business Development, Finance and Administration.
The appointment of the international experienced transaction expert extends the know-how of the board with a focus on partnering and business operations.
Oliver Siegel will expend his experience gained at leading international investment banks to focus on the partnering of the AFFiRiS programs, whose clinical data have been published in the last few months.
Oliver Siegel has been appointed as the new Chief Operating Officer (COO) of AFFiRiS AG. In this position, he is responsible for the company’s business development and its administrative functions.
Oliver Siegel has handled over 100 corporate acquisitions and disposals, cooperation agreements, IPOs as well as other capital markets transactions for the pharmaceutical, biotech and health care industry and is considered as one of its most experienced experts.
Before starting at AFFiRiS, Oliver Siegel headed the pharma practice at Rothschild investment bank in London, where he previously worked as Head of European Pharmaceutical Sector. He advised Roche in various M&A and finance transactions, such as the acquisition of Genentech. Furthermore, he advised on several IPOs of high-profile biotech companies like Serono or Speedel. Prior to this, he was Head of Healthcare Investment Banking at HSBC plc. in London.
The expert on M&A and Corporate Finance comments on his new role: “In the industry, AFFiRiS is one of the leading companies in the field of therapeutic vaccines - this is without a doubt one of the most exciting treatment approaches for chronic diseases existing at the moment. I am delighted to contribute my years of experience in the pharmaceutical and biotech industry to help finding new partners for the further development of AFFiRiS programs.”
AFFiRiS recently published phase II data of an Alzheimer’s drug candidate in clinical development and phase I data of a Parkinson’s vaccine candidate, the first substance targeted at A-synuclein, that has successfully finished a phase I trial.
Α-synuclein is a protein that is attributed to playing a key role in the pathogenic progress of neurodegenerative diseases such as Parkinson’s or Alzheimer’s. The development of AFFiRiS Parkinson’s vaccines enjoys the continuing support of the renowned Michael J. Fox Foundation.
Walter Schmidt, CEO and co-founder of AFFiRiS, on these successes and their significance for the company: “Our success in the development of therapeutic vaccines for diseases with unmet medical needs and attractive market volumes leads to a constantly increasing interest of the pharmaceutical industry. The extensive knowledge of Oliver Siegel will allow us to leverage this interest for our corporate strategy and to accelerate the development of life-enhancing treatments. I am very pleased to have him join our Executive Board of Management.”