LAVAL, QC, ROCKVILLE, MD and CAMBRIDGE, UK – November 13, 2019 – Liminal BioSciences Inc. (TSX: LMNL, OTCQX: LMNL) (“Liminal BioSciences" or the "Company"), a clinical-stage biopharmaceutical company focused on developing novel therapeutics to treat unmet needs in patients with liver, respiratory and kidney disease, announced today the addition of Moira Daniels as the new Head of Regulatory Affairs and Quality Assurance, to its senior leadership team.
“Moira brings many years of global experience and success across the industry from a range of major pharmaceutical companies and other organizations which will be instrumental to achieving success for the advancement of our product portfolio, including Ryplazim and PBI-4050”, stated Kenneth Galbraith, Chief Executive Officer of the Company. “She will be a valuable addition to our leadership team, and I am pleased to welcome her to Liminal BioSciences.”
Moira is a senior regulatory affairs professional with over 30 years of global experience in managing ambitious product development timelines at major pharmaceutical companies, including Astra Zeneca, Pfizer and Eli Lilly. Most recently, she served as VP, Head of Global Regulatory Operations for UCB Pharma based in Brussels, Belgium. Previously, she also worked with PAREXEL, a major CRO, and the USAID project, World Health Organisation.
Ms. Daniels holds both a BSc (Hons) degree in Biochemistry and Physiology and a Masters degree in Business Administration (MBA). She will be based in the UK in the Company’s offices in Cambridge.
The Company also announced that Liminal BioSciences’ Chief Medical Officer, John Moran, MD, FRACP, FACP, will be retiring effective December 31, 2019. Dr. Moran will continue to act in an advisory capacity under a consultancy agreement with Liminal BioSciences thereafter.
The Company continues to have active executive searches ongoing for two additional senior positions, Head of Research & Development and Vice-President, Clinical Operations.
About Liminal BioSciences Inc.
Liminal BioSciences (www.liminalbiosciences.com) is an innovative biopharmaceutical company with a broad pipeline of small molecule therapeutics under development to treat unmet needs in patients with liver, respiratory and kidney disease, with a focus on rare or orphan diseases. Liminal BioSciences’ research involves the study of several G-protein-coupled-receptors, GPR40, GPR84 and GPR120, known as free fatty acid receptors (FFAR’s). These drug candidates have a novel mechanism of action as agonist ("stimulator") of GPR40 and GPR 120, and antagonist ("inhibitor") of GPR84. Our lead drug candidate, PBI-4050, is expected to enter Phase 3 clinical studies for the treatment of Alström Syndrome after further consultation and approval by the FDA and EMA. A second drug candidate, PBI-4547, is currently in a Phase 1 clinical study.
Liminal BioSciences has also leveraged its lengthy experience in bioseparation technologies through its wholly-owned subsidiary Prometic Bioproduction Inc. to isolate and purify biopharmaceuticals from human plasma. Our lead plasma-derived therapeutic product is RyplazimTM (plasminogen) for which the Company expects to file a BLA with the US FDA in the first half of 2020 seeking approval to treat patients with congenital plasminogen deficiency. The Company also operates a contract development and manufacturing operation in the United Kingdom, Prometic Bioseparations Ltd. (“PBL”). Liminal BioSciences has entered into a binding share purchase agreement for the divestment of PBL expected to close in the fourth quarter of 2019, subject to customary closing conditions, and is not subject to any financing conditions.
Liminal BioSciences has active business operations in Canada, the United States, the Isle of Man and the United Kingdom.
Forward Looking Statement
This presentation contains forward-looking statements about Liminal BioSciences’ objectives, strategies and businesses that involve risks and uncertainties. These statements are "forward-looking" because they are based on our current expectations about the markets we operate in and on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. Such risks and assumptions include, but are not limited to, Liminal BioSciences’ ability to develop, manufacture, and successfully commercialize value-added pharmaceutical products, the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Liminal BioSciences’ to take advantage of business opportunities in the pharmaceutical industry, uncertainties related to the regulatory process and general changes in economic conditions. You will find a more detailed assessment of the risks that could cause actual events or results to materially differ from our current expectations in the Annual Information Form for the year ended December 31, 2018, under the heading "Risks and Uncertainties related to Liminal BioSciences’ Business". As a result, we cannot guarantee that any forward-looking statement will materialize. We assume no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason, unless required by applicable securities laws and regulations.
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