MoonLake Immunotherapeutics appoints former Kymab CEO Simon Sturge as Chairman and Spike Loy to the Board of Directors

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Previously, Mr. Sturge served as Chief Operating Officer for Merck Healthcare, a division of Merck KGaA.

Metadata
Provider: 
PR NewswirePR Newswire
Retrieved on: 
Tuesday, August 10, 2021
Information
Tags: 
Arthropathy, Patient, Director, AFID, Cytokine, Stanford University, Skin, Moonlake, Ankylosing spondylitis, Human biology, Biotechnology, Hidradenitis suppurativa, JD, Sale, Boehringer Ingelheim, Biology, Merck Group, Board, Company, BVF, Merck, Harvard Law School, Single-domain antibody, Pharmaceutical industry
Geotags: 
SWITZERLAND, United Kingdom, France, Germany, Spain, Italy, Austria, BELGIUM, Netherlands, ZUG, DARMSTADT
Organisation: 
MOONLAKE IMMUNOTHERAPEUTICS AG
Website: 
https://www.moonlaketx.com
Summary
Key Points: 
  • Previously, Mr. Sturge served as Chief Operating Officer for Merck Healthcare, a division of Merck KGaA.
  • It is a privilege to support a first-class leadership team of immunology specialists in my role as Chairman.
  • MoonLake also announced that Spike Loy, Managing Director of BVF Partners L.P. ("BVF") has been appointed a Member of the Board of Directors.
  • I am excited to support the expert team at MoonLake in my role as Board member and investor."


MoonLake Immunotherapeutics appoints former Kymab CEO Simon Sturge as Chairman and Spike Loy to the Board of Directors

ZUG, Switzerland, Aug. 10, 2021 /PRNewswire/ -- MoonLake Immunotherapeutics AG, a clinical-stage biotechnology company focused on creating next-level therapies for inflammatory skin and joint diseases, today announced the appointment of Mr. Sturge as Chairman. He has 40 years of international leadership experience in the biotechnology and pharmaceutical industry. Most recently, he was Chief Executive Officer of Kymab, a clinical-stage biopharmaceutical company developing fully human monoclonal antibodies with a focus on immunologic disease and immune-oncology, and was instrumental in its sale to Sanofi in early 2021. Previously, Mr. Sturge served as Chief Operating Officer for Merck Healthcare, a division of Merck KGaA. He has also held roles at Boehringer Ingelheim, Celltech Biologics and Ribotargets.

Simon Sturge commented: "I am incredibly excited to join the Board of MoonLake Immunotherapeutics, with the opportunity to make a highly innovative new modality treatment available to patients suffering from a range of debilitating inflammatory skin and joint diseases. It is a privilege to support a first-class leadership team of immunology specialists in my role as Chairman. I hope and intend to help guide MoonLake through a period of intense activity, leveraging my extensive Biotech experience and understanding of what it takes to successfully bring an immunology asset forward."

MoonLake also announced that Spike Loy, Managing Director of BVF Partners L.P. ("BVF") has been appointed a Member of the Board of Directors. Mr. Loy has been a member of BVF's investment team since 2009. He holds a BA in Human Biology from Stanford University and a JD from Harvard Law School.

Spike Loy commented: "BVF is a founding investor in MoonLake Immunotherapeutics, and it is our aim to help ensure that Sonelokimab achieves its full potential in a range of diseases where there is substantial need for new treatment options. I am excited to support the expert team at MoonLake in my role as Board member and investor."

MoonLake Immunotherapeutics AG was founded in 2021, backed by a Series A financing led by BVF Partners L.P. Other shareholders include Merck KGaA, Darmstadt, Germany. The Company intends to accelerate the clinical development of Sonelokimab, an investigational IL-17A/IL-17F inhibitor, in several diseases in which over-expression of the cytokines IL-17A and IL-17F is a major driver of the pathophysiology. Sonelokimab has an albumin binding site, which has the potential to facilitate deep tissue penetration in the skin and joints[2].The group of IL-17A/F Inflammatory Diseases (AFIDs) includes psoriatic arthritis, radiographic axial spondylo-arthritis (ankylosing spondylitis), and hidradenitis suppurativa - conditions affecting large numbers of patients worldwide with a major need for improved treatment options. Multiple Phase 2 trials are expected to be launched soon.

For the full announcement please see: https://www.moonlaketx.com/news/appointments.

For further information please visit our website www.moonlaketx.com.

1. The terms Nanobody® and Nanobodies® are trademarks of Ablynx, a Sanofi company.
2. Coppieters K et al., Arthritis Rheum 54, 1856-66 (2006).

For enquiries, please contact:

MoonLake Immunotherapeutics AG
Jorge Santos da Silva
Arnout Ploos van Amstel
E: [email protected]

Mo PR Advisory
Mo Noonan / Jonathan Birt
Tel.: +44 (0)7876 444977 / +44 (0)7860 361746

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SOURCE MoonLake Immunotherapeutics AG

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