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febit Announces Operational Restructuring
Strategic focus on partnerships with clinical researchers, diagnostic and pharma industry for its microRNA (miRNA) biomarker technology
"The restructuring will allow febit to focus on its most successful business segment at the intersection of nanotechnology and future molecular diagnostics," said Professor Christof Hettich, chairman of febit's supervisory board and managing director of febit's main investor dievini Hopp BioTech holding GmbH & Co. KG. "For biotech technology platform companies, a transition is often difficult and requires a change in management, strategy, and operations. Our decision is based on analysis of a number of factors including what we believe is the best course of action for the company and will also be in the interest of our shareholders."
As part of the restructuring, Cord F. Staehler, president and CEO, febit, resigned from the executive board and joined Siemens Healthcare. Hartmut Voss, Ph.D., has joined febit as the new co-CEO and will lead the company together with co-CEO Jochen Kohlhaas who will continue to act as febit's CFO.
"We are grateful to febit's employees who developed the instruments business and successfully ran the genomics services," said Mr. Kohlhaas. "The company's new strategy makes it necessary to let go of certain skill sets and to focus on the area with a solid window of opportunity in bloodbased miRNA biomarker signatures."
Dr. Voss added, "We are looking forward to further partnerships with clinical researchers, as well as diagnostic and pharma companies interested in exploring the potential of early detection, differential diagnosis and drug therapy- or relapsemonitoring in many serious diseases using febit's technology." Currently, Dr. Voss also acts as advisor at dievini Hopp BioTech holding GmbH Co. KG, and Chief Business Officer at Life Biosystems GmbH. Previously, he was a cofounder of Lion Bioscience where he served as the Vice President of Science.
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