Speedel shareholders elect four Novartis officers as new members to the board of directors
Together with the invitation, the Board of Directors of Speedel had recommended the following persons to be elected for a three years term:
- Dr. Raymund Breu - Chief Financial Officer, Novartis International
- Joseph Jimenez - Chief Executive Officer, Novartis Pharma
- Jonathan Peacock - Chief Financial Officer, Novartis Pharma
- Joerg Walther - Global Head, Legal M&A and Antitrust, Novartis International
The proposal of the Board was approved by the shareholders with a strong majority.
After the closing of the EGM the new Board of Directors of Speedel met for its constituent meeting and elected Joseph Jimenez as Chairman and Dr. Fritz Kunz as Vice Chairman. Additionally the new Board decided upon Dr. Andrin Oswald as the new CEO of Speedel.
Dr. Fritz Kunz, Vice Chairman of the Board, commented: "We welcome the new members of the Board and the new CEO. They will lead Speedel through the period of integration."
The Slides presented at the EGM can be accessed on the company's website at http://www.speedel.com/section/6/subsections/8.
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Speedel Pharma AG
Speedel is a public biopharmaceutical company that seeks to create value for patients, partners and investors by developing innovative therapies for cardiovascular and metabolic diseases. Speedel is a world leader in renin inhibition, a promising new approach with significant potential for treating cardiovascular diseases. Our lead compound SPP100, Aliskiren (Rasilez/Tekturna) the first-in-class direct renin inhibitor, was in-licensed from Novartis in 1999 and licensed-back to Novartis Pharma in 2002 for further development and commercialisation; SPP100 was approved by the FDA in the US in March 2007, and by the EMEA in the EU in August 2007. Our pipeline covers four different modes of action, and in addition to SPP100, includes SPP301 (an endothelin receptor A antagonist) in Phase II, SPP200 (a direct thrombin inhibitor) in Phase II, the next generation renin inhibitors SPP635 (in Phase Il), SPP1148 and SPP676 (both in Phase I) and several pre-clinical projects, including SPP2745 (aldosterone synthase inhibitor).
Speedel develops novel product candidates through focused innovation and smart drug development from lead identification to the end of Phase II. We either partner with big pharma for Phase III and commercialisation in primary-care indications, or we may ourselves complete Phase III development in specialist indications. Candidate compounds for development and the company's intellectual property come from our late-stage research unit Speedel Experimenta and from in-licensing. Our team of approximately 80 employees, including over 30 experienced pharmaceutical scientists, is located at our headquarters and laboratories in Basel, Switzerland and at offices in New Jersey, USA and Tokyo, Japan.
Speedel was founded in 1998 as a private company. In September 2005 the company's shares were listed on the SWX Swiss Exchange under the symbol SPPN. Further information is available at www.speedel.com.
 Rasilez/Tekturna® are Novartis trademarks.