TIDMERGO

RNS Number : 6881M

Ergomed plc

18 September 2019

PRESS RELEASE

Board Change

Guildford, UK - 18 September 2019: Ergomed plc, (LSE: ERGO) ("Ergomed" or the "Company"), a company focused on providing specialised services to the pharmaceutical industry, today announces that Dr Jan Petracek has stepped down as Ergomed's Chief Operating Officer and Board Director, as well as CEO of PrimeVigilance, on 17(th) September 2019.

Jan joined Ergomed as part of the acquisition of PharmInvent in November 2016. PrimeVigilance has more than doubled revenues since 2016, including acquisitions, and now employs more than 500 staff. Resuming his career focus on professional, educational and scientific activities, Jan will remain with Ergomed in a consulting capacity to ensure the smooth transition of leadership and to continue his services to PrimeVigilance's clients as a Qualified Person responsible for Pharmacovigilance (QPPV), auditor and strategic advisor.

Jonathan West, currently Chief Business Officer of PrimeVigilance, will take on the role of President of PrimeVigilance. With 20 years' experience in pharmacovigilance services, Jonathan first joined Ergomed in 2008 to establish PrimeVigilance as a pharmacovigilance specialist services company. He held the positions of Director of Business Operations and Commercial Director & QPPV, and was appointed Chief Business Officer in August 2018.

Dr Miroslav Reljanović, Executive Chairman of Ergomed, commented: "Jan has made a huge contribution to the successful growth of PrimeVigilance and Ergomed's pharmacovigilance offering. The pharmacovigilance business is expected to show revenues increasing 32% to GBP16.0 million in the first half of 2019 from GBP12.1 million in the first half of 2018. We look forward to continuing to benefit from Jan's expertise. We are delighted to have Jonathan continuing in his role within Ergomed and taking up the new position as President of PrimeVigilance to drive the further development of the business."

Dr Jan Petracek said: "PrimeVigilance has grown very rapidly and it has been a huge privilege to have been part of that journey. I am grateful for the opportunity to continue to make a contribution, and to assist in the smooth transition to support the company's ongoing success."

ENDS

Enquiries:

 
 Ergomed plc                                           Tel: +44 (0) 1483 402 
                                                                         975 
 Miroslav Reljanović (Executive Chairman) 
 Richard Barfield (Chief Financial Officer) 
 
 Numis Securities Limited                          Tel: +44 (0) 20 7260 1000 
 Freddie Barnfield / Huw Jeremy (Nominated 
  Adviser) 
 James Black (Broker) 
 
 Consilium Strategic Communications - for          Tel: +44 (0) 20 3709 5700 
  UK enquiries 
 Chris Gardner / Sue Stuart                      ergomed@consilium-comms.com 
 Matthew Neal / Olivia Manser 
 
 MC Services - for Continental European               Tel: +49 211 5292 5222 
  enquiries 
 Anne Hennecke

About Ergomed plc

Ergomed provides specialist services to the pharmaceutical industry spanning all phases of clinical trials, post-approval pharmacovigilance and medical information. Ergomed's fast-growing, profitable services business includes a full range of high-quality contract research and trial management (CRO) services under the Ergomed brand together with an industry-leading suite of specialist pharmacovigilance (PV) solutions, integrated under the PrimeVigilance brand, and an internationally recognised specialist expertise in orphan drug development, under the PSR brand. For further information, visit: http://ergomedplc.com.

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END

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