- Pressemitteilung BoxID 39431
4SC AG announces change in the Supervisory Board
Santo Holding is an investment company that, according to the notice dated 11 January 2008, has held around 32.71% of corporate shares since the end of the acceptance period for the mandatory take over offer to 4SC shareholders at the beginning of January 2008. As the largest single shareholder of 4SC AG, Santo Holding supports the growth strategy of the company and also intends on driving it forward for the long term.
In addition to Dr Thomas Strüngmann, Helmut Jeggle is being proposed for nomination as a second representative of Santo Holding. As a graduate of business administration and an active investment manager, he would be particularly valuable to 4SC AG as an advisor for economic issues.
Dr Ulrich Dauer, CEO of 4SC AG, thanked the departing Supervisory Board members for their many years of service. "Both have played a decisive role in the support of the strategic alignment of 4SC AG over many years and have advised the company in its development." Dr Robert B. O Connell was appointed to the Supervisory Board on 31 July 2001 and currently holds the position of deputy chairman. Dr Brian Morgan was appointed to the Supervisory Board of 4SC AG on 28 August 2003. Both Supervisory Board members are to remain affiliated with 4SC AG in an advisory capacity in the future.
This document may contain projections or estimates relating to plans and objectives relating to our future operations, products, or services; future financial results; or assumptions underlying or relating to any such statements; each of which constitutes a forward-looking statement subject to risks and uncertainties, many of which are beyond our control. Actual results could differ materially, depending on a number of factors.
4SC AG (ISIN DE0005753818) has been listed in the Prime Standard of Frankfurt Stock Exchange since 15 December 2005. Founded in 1997 and now with a staff of 77 employees, the company develops novel drug candidates against inflammatory diseases and cancer. 4SC AG utilises its patent protected platform, to create a sustainable project pipeline of drug candidates, which are to be developed up to clinical efficacy in early clinical phases ('proof of concept') and subsequently partnered with the pharmaceutical industry in return for advance and milestone payments as well as royalties. There are currently eight projects in the development pipeline and a rich pool of further discovery projects. Clinical phase IIa for he first project for the treatment of rheumatoid arthritis has already successfully been completed. An additional project for the treatment of various cancers is currently completing a clinical phase I trial. Further projects are in advanced pre-clinical stages.
Further information is to be found at www.4sc.com.