PARIS--(BUSINESS WIRE)--Regulatory News:
Ipsen (Euronext: IPN; ADR: IPSEY) today announced the appointment of Dr. Alexandre Lebeaut as Executive Vice-President, R&D, and Chief Scientific Officer, effective immediately. Dr. Lebeaut will report directly to David Meek, CEO of Ipsen, and serve on the Executive Leadership Team. Dr. Lebeaut joined Ipsen in 2013 as Senior Vice President, Chief Development Officer, Global Drug Development and was appointed Interim Head of R&D in December 2016.
David Meek, CEO of Ipsen, commented: “It is my great pleasure to appoint Dr. Lebeaut to lead Ipsen’s R&D organization. He brings outstanding medical and leadership experience from global pharmaceutical and biotechnology companies. Dr. Lebeaut has consistently demonstrated an unwavering commitment to innovation, collaboration and successful execution of drug development strategies. During his four years at Ipsen, Dr. Lebeaut has been instrumental in successfully leading our global development programs. He played a key role in the approval of Somatuline® for the treatment of neuroendocrine tumours, our partnership with Exelixis for Cabometyx® and the acquisition of Onivyde®. He will continue to lead the transformation of Ipsen’s R&D strategy to further build a differentiated and sustainable portfolio to continue to address unmet medical needs in our key areas of expertise.”
Dr. Lebeaut earned his M.D. from Paris Diderot University and specialized in Pediatrics from Paris Descartes University. Before joining Ipsen, he held several global leadership positions in Clinical Development and Medical Affairs with biopharmaceutical companies including Axcan Pharmaceuticals, Sanofi, Novartis and Schering Plough Research Institute.
About Ipsen
Ipsen is a global specialty-driven
pharmaceutical group with total sales close to €1.6 billion in 2016.
Ipsen sells more than 20 drugs in more than 115 countries, with a direct
commercial presence in more than 30 countries. Ipsen’s ambition is to
become a leader in specialty healthcare solutions for targeted
debilitating diseases. Its fields of expertise cover oncology,
neurosciences and endocrinology (adult & pediatric). Ipsen’s commitment
to oncology is exemplified through its growing portfolio of key
therapies improving the care of patients suffering from prostate cancer,
neuro-endocrine tumors, renal cell carcinoma and pancreatic cancer.
Ipsen also has a significant presence in primary care. Moreover, the
Group has an active policy of partnerships. Ipsen's R&D is focused on
its innovative and differentiated technological platforms, peptides and
toxins, located in the heart of the leading biotechnological and life
sciences hubs (Les Ulis/Paris-Saclay, France; Slough/Oxford, UK;
Cambridge, US). In 2016, R&D expenditures exceeded €200 million. The
Group has more than 4,900 employees worldwide. Ipsen’s shares are traded
on segment A of Euronext Paris (stock code: IPN, ISIN code:
FR0010259150) and are eligible to the “Service de Règlement Différé”
(“SRD”). The Group is part of the SBF 120 index. Ipsen has implemented a
Sponsored Level I American Depositary Receipt (ADR) program, which
trades on the over-the-counter market in the United States under the
symbol IPSEY. For more information on Ipsen, visit www.ipsen.com.
Forward Looking Statement
The forward-looking statements,
objectives and targets contained herein are based on the Group’s
management strategy, current views and assumptions. Such statements
involve known and unknown risks and uncertainties that may cause actual
results, performance or events to differ materially from those
anticipated herein. All of the above risks could affect the Group’s
future ability to achieve its financial targets, which were set assuming
reasonable macroeconomic conditions based on the information available
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regulatory filings and determinations. Moreover, the targets described
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regarded as reasonable by the Group. These targets depend on conditions
or facts likely to happen in the future, and not exclusively on
historical data. Actual results may depart significantly from these
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the fact that a promising product in early development phase or clinical
trial may end up never being launched on the market or reaching its
commercial targets, notably for regulatory or competition reasons. The
Group must face or might face competition from generic products that
might translate into a loss of market share. Furthermore, the Research
and Development process involves several stages each of which involves
the substantial risk that the Group may fail to achieve its objectives
and be forced to abandon its efforts with regards to a product in which
it has invested significant sums. Therefore, the Group cannot be certain
that favorable results obtained during pre-clinical trials will be
confirmed subsequently during clinical trials, or that the results of
clinical trials will be sufficient to demonstrate the safe and effective
nature of the product concerned. There can be no guarantees a product
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prove to be commercially successful. If underlying assumptions prove
inaccurate or risks or uncertainties materialize, actual results may
differ materially from those set forth in the forward-looking
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health care legislation; global trends toward health care cost
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or delays; financial instability of international economies and
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Group also depends on third parties to develop and market some of its
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obtain any benefit from those agreements. A default by any of the
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on which any such statements are based, unless so required by applicable
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registration documents filed with the French Autorité des Marchés
Financiers.
The risks and uncertainties set out are not exhaustive
and the reader is advised to refer to the Group’s 2015 Registration
Document available on its website (www.ipsen.com).
