Lophius Biosciences Secures EUR 2,0 Million Financing and Announces Leadership Changes

(PresseBox) ( Regensburg, )
Lophius Biosciences GmbH, a privately held biotech company focusing on the development and marketing of innovative T cell based research tools and diagnostic systems for functional assessment of disease-reactive T cells, today announced that the company has secured a EUR 2,0 Million financing round. This financing was led by one of the current main investors, VRD GmbH, Heidelberg, Germany with participation of two of the existing investors one of which S-Refit AG, Regensburg. The current investment will support the continuation into a commercial operation to further advance the clinical studies of Lophius' flagship product T-Track® CMV for the various clinical indications and to enable the further development of the pipeline products T-Track® TB (Tuberculosis) as well as T-Track® MS (Multiple Sclerosis).

With the secured financing, Dr. Robert Phelps, previously Lophius' Director Business Operations, has been appointed as new Chief Executive Officer and the current CEO, Prof. Dr. Ralf Wagner, has been elected as Chairman of the Board, replacing Mr. Bertram Gilka-Bötzow, now one of the board's Vice Presidents. Prof. Wagner and Dr. Phelps will work closely together to further drive the conversion of a previously research and development focused company into a commercial organization.

"The current round of financing and management change are supporting a long-term strategy to capitalize on the company's future growth opportunities and goals and its transition into a commercial operation" said Prof. Dr. Wagner. "I am excited to take on this new challenge and to work with Ralf and a team of highly skilled specialists and researchers. I look forward to increasing our market presence and continuing to aggressively pursue additional pathways for market expansion of our T-Track® products," added Dr. Phelps.

Prof. Dr. Wagner, now elected to become Lophius' Chairman of the Board, joined Lophius Biosciences in January 2013 as CEO. During his leadership, he instrumentally contributed to the further development of all parts of the company - from human resources to quality management, from research activities up to the implementation of new entities such as manufacturing, clinical trial coordination or sales. "With his professional working attitude, his excellent management skills and his profound scientific and economic background, Ralf has tremendously contributed towards advancing Lophius to a highly innovative and at the same time commercially oriented organization. We'll hear more about most recent progress made under his leadership in the weeks to come. We are very happy that Prof. Dr. Wagner will continue to support Lophius in his new role as Chairman of the Board", said Mr. Gilka-Bötzow.
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