Abivax Announces a Change in its Governance

Hits:413   Date: 8/17/2022

PARIS, France, August 16, 2022 – 9:00 p.m. (CEST) – Abivax SA (Euronext Paris: FR0012333284 – ABVX), a phase 3 clinical-stage biotechnology company developing novel therapies that modulate the immune system to treat chronic inflammatory diseases, viral infections, and cancer, announces today a transition in the governance of its Board of Directors.

Dr. Philippe Pouletty, MD, founder of Abivax and Chairman of the Board of Directors since the inception of the company in 2013, has notified the Board of his intent to concentrate and allocate more time to other projects, including publicly traded companies, and therefore to no longer assume the responsibilities of Chairman.  As a result, Dr. Pouletty has further notified the Board of his decision to resign from his Chairmanship, effective immediately. Dr. Pouletty will however continue after many years of successful Board leadership, to accompany the development of Abivax as a Board Member.

Dr. Pouletty said: “I am proud that Abivax today is one of the few European biotech companies with a drug candidate, obefazimod (ABX464), entering phase 3 trials that addresses major medical needs in chronic inflammatory diseases. Translating radical innovation from great academic science into products for the benefits of patients has always been my focus. I am confident that Abivax will continue successfully under the new leadership.”

Until the appointment of a new permanent independent Chairperson, Mrs. Corinna zur Bonsen-Thomas, a current independent Board Member, is taking the role of interim Chairperson of Abivax.

Mrs. zur Bonsen-Thomas has over 30 years of leadership experience and held different VP roles in the global pharmaceutical and medical device industry as well as in digital health startups. She is co-founder and CEO of RetInSight, a digital health company, and has over 15 years of experience as Supervisory Board Member. Mrs. zur Bonsen-Thomas is an Abivax Board Member since 2017.

“We respect Dr. Pouletty’s decision and thank him for his multiple contributions to the company over the past years. Together with the management, the board is now looking forward to the change in governance under the new leadership.”, said Mrs zur Bonsen-Thomas, Chairperson of Abivax.
 
About Abivax (www.abivax.com)
Abivax, a phase 3 clinical stage biotechnology company, is developing novel therapies that modulate the body’s natural immune machinery to treat patients with chronic inflammatory diseases, viral infections, and cancer. Abivax is listed on Euronext compartment B (ISIN: FR0012333284 – Mnémo: ABVX). Based in Paris and Montpellier, Abivax has two drug candidates in clinical development, to treat severe inflammatory diseases, and ABX196 to treat hepatocellular carcinoma. More information on the company is available atwww.abivax.com. Follow us on Twitter @ABIVAX_.