WINNIPEG, MB, Nov. 22,
2023 /CNW/ - Waverley Pharma Inc. ("Waverley
Pharma" or the "Company") (TSXV: WAVE), a Canadian
pharmaceutical company, is pleased to announce that effective
today, Larry Thiessen has been appointed to the Company's
Board of Directors. Mr. Thiessen replaces Hellen Siwanowicz, who has resigned from her
board position.
Mr. Thiessen is the current Chief Executive Officer of the
Company and has extensive pharmaceutical experience having
previously worked for Bausch Health Companies Inc. (formerly
Biovail Corporation), for more than 25 years, working his way up
from manager to site director of the manufacturing operation in
Steinbach, Manitoba. He led
a team of roughly 400 employees and provided overall leadership and
strategic direction at the operation. Mr. Thiessen has a
Bachelor of Science in Biology and an Executive M.B.A. from
Athabasca University in
Edmonton, Alberta.
Commenting on the changes, Dr. Albert
Friesen, Chair of the Company's Board of Directors stated,
"We would like to welcome Larry to the Board of Directors and are
grateful for his ongoing commitment to Waverley Pharma. In
addition, on behalf of management and directors of the Company, I
would like to thank Hellen for her contributions over the years and
wish her all the best in the future.
About Waverley Pharma
Waverley Pharma is a pharmaceutical company focused on the
development and commercialization of safe, effective, and
affordable cancer therapeutics in the EU, United Kingdom and North American markets. The
Company has developed two generic oncology products in the United States and Europe, namely pemetrexed and bortezomib.
For more information on Waverley Pharma please visit
www.waverleypharma.com.
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this release.
Forward Looking Information: Statements
contained in this press release that are not statements of
historical fact, including, without limitation, statements
containing the words "believes", "may", "plans", "will",
"estimates", "continues", "anticipates", "intends", "expects" and
similar expressions, may constitute "forward-looking information"
within the meaning of applicable Canadian and U.S. federal
securities laws (such forward-looking information and
forward-looking statements are hereinafter collectively referred to
as "forward-looking statements"). Forward-looking statements
include estimates, analysis and opinions of management of the
Company made in light of its experience and its perception of
trends, current conditions and expected developments, as well as
other factors which the Company believes to be relevant and
reasonable in the circumstances. Inherent in forward-looking
statements are known and unknown risks, uncertainties and other
factors beyond the Company's ability to predict or control that may
cause the actual results, events or developments to be materially
different from any future results, events or developments expressed
or implied by such forward-looking statements, and as such, readers
are cautioned not to place undue reliance on forward-looking
statements. Such risk factors include, among others, the Company's
potential product revenues, stage of development, additional
capital requirements, risks associated with obtaining regulatory
approval to market the Company's products, the ability to protect
its intellectual property, dependence upon collaborative partners,
changes in government regulation or regulatory approval processes,
and rapid technological change in the industry. Such statements are
based on a number of assumptions which may prove to be incorrect,
including, but not limited to, assumptions about: general business
and economic conditions; the impact of changes in Canadian-US
dollar and other foreign exchange rates on the Company's revenues,
costs and results; the timing of the receipt of regulatory and
governmental approvals for the Company's research and development
projects; the availability of financing for the Company's
commercial operations and/or research and development projects, or
the availability of financing on reasonable terms; the
uncertainties associated with the acceptance and demand for new
products and market competition. The foregoing list of important
factors and assumptions is not exhaustive. The Company undertakes
no obligation to update publicly or otherwise revise any
forward-looking statements or the foregoing list of factors, other
than as may be required by applicable legislation. Additional
discussion regarding the risks and uncertainties relating to the
Company and its business can be found in the Company's other
filings with the applicable Canadian securities regulatory
authorities.
SOURCE Waverley Pharma Inc.