George Medicines appoints Stefan König as Chief Executive Officer
- Mr König joins to lead late-stage drug development company developing proprietary fixed dose combination therapies for non-communicable diseases
- US FDA grants IND authorization to commence Phase III trials with triple combination candidate for the treatment of hypertension
- Chief Business Officer, Karl Roberts, appointed to new role of Chief Operating Officer
London, UK, 3 June 2021 - George Medicines, a late-stage drug development company focused on providing innovative and accessible medicines for the world's leading causes of death, today announces the appointment of Stefan König as Chief Executive Officer.
George Medicines, a venture-backed spin-out company from The George Institute for Global Health, one of the world's leading independent medical research institutes, is using its drug development and formulation expertise to combine best-in-class existing treatments in fixed, ultra-low-dose combinations. These are intended to provide the optimal balance of high efficacy and improved safety, with potential for significant improvements in clinical outcomes and long-term adherence to treatment. The Company has received Investigational New Drug (IND) clearance from the US Food and Drug Administration (FDA) to commence Phase III trials of its proprietary triple combination candidate, GMRx2, as a first-line treatment for hypertension.
Stefan joins George Medicines from Takeda Pharmaceuticals where his most recent role was Vice-President and Global Franchise Head, Inflammatory Bowel Disease (IBD). In his role, he was responsible for Takeda ´s most significant asset franchise, Entyvio (vedolizumab). Under Stefan ´s leadership the vedolizumab franchise grew to become the gold standard therapy for IBD patients with a significant lifecycle plan for further, sustained expansion. In this role Stefan also oversaw design of global commercial strategy, guiding execution to regions and affiliates.
Prior to this, Stefan was the General Manager for Takeda in Austria, where he led integration of the significant Takeda and Nycomed legacy organisations and transformed the business from a primary care organisation to become an agile specialty care and oncology player. Earlier roles at Takeda included Regional Managing Director for a cluster of countries in Central and Eastern Europe. Stefan also spent almost 10 years in Mexico and Latin America, working in areas such as business and corporate development and marketing for various companies, including Novartis and Merck.
Stefan holds a Diploma in Business Administration from Berufsakademie Ravensburg, Germany, and an MBA from Georgia State University, Atlanta, USA.
Professor Stephen MacMahon, Chairmanof George Medicines, said: "I am delighted to announce Stefan's appointment to George Medicines as our new Chief Executive Officer. George Medicines is committed to bringing affordable, easy-to-use, life-altering treatments to patients, so Stefan's extensive experiencelaunching new products for common serious diseases, together with his knowledge of healthcare systems globally, will be extremely valuable to the Company. On behalf of the Board and the management team, I welcome Stefan to the Company and look forward to working with him."
Stefan König, Chief Executive Officer of George Medicines, said: "I am passionate about building lasting, sustainable businesses based on empowered, highly diverse and talented teams that work jointly to achieve the best patient and customer outcomes. I am very pleased to be joining George Medicines, whose values encompass that approach. Having received IND clearance from the FDA to start our Phase III trials with GMRx2, this is set to be a pivotal year for the Company. I am looking forward to working with the team and providing an update on our clinical progress in due course."
George Medicines' current Chief Business Officer, Dr Karl Roberts, has also been appointed to a new role, as the Company's Chief Operating Officer. Prior to joining George Medicines in 2018, Dr Roberts was Global Head of Business Development at Concordia and prior to that led Cipla's business in Western Europe, where he was instrumental in reshaping and delivering the company's European growth strategy.
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Contacts:
GeorgeMedicines
Karl Roberts, Chief Operating Officer
kroberts@george-medicines.com
Consilium Strategic Communications
David Daley, Allison Connolly, Lindsey Neville
Tel: +44
About George Medicines
George Medicines is a late-stage drug development company focused on improving the management of non-communicable diseases with innovative, single-pill, fixed-dose combinations of existing medicines.
Combining best-in-class molecules from existing medicines in fixed- and low-dose formulations, George Medicines is developing innovative and proprietary treatments that are more efficacious, safer and affordable than currently available treatment options. These single-pill, fixed-dose combinations offer the potential to bring significant improvements in clinical outcomes and therapy adherence in patients with cardiometabolic diseases such as heart disease, hypertension, and diabetes, which remain the leading causes of premature death and disability worldwide.
George Medicines is building a strong and diversified pipeline of patented, single-pill, fixed-dose combination therapies in late stage development. Its lead candidate for the initial treatment of high blood pressure, GMRx2, has received clearance from the US Food and Drug Administration (FDA) to enter Phase III development.
George Medicines is a spin-out company from The George Institute for Global Health, one of the world's leading medical research institutes in non-communicable diseases. The Company is backed by George Health, the commercial arm of The George Institute, and Brandon Capital Partners, Australia's leading biomedical venture capital firm, backed by the Australian Government. For more information please visit www.george-medicines.com
