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  • Actinogen Medical’s (ACW) recently appointed CEO Dr Steven Gourlay has also been made the company’s new Managing Director
  • Dr Gourlay took up the position at the company’s helm just over a week ago, but no changes are expected to be made to the key terms of his employment contract
  • Dr Gourlay comes with more than 30 years of experience in the development of novel therapeutics
  • In other company movements, Dr Geoff Brooke will step down from his interim Executive Chairman position effective immediately and maintain his seat on the Actinogen Board as non-Executive Chairman
  • Actinogen Medical is up 2.86 per cent following the announcement, trading at 3.6 cents per share

Actinogen Medical’s (ACW) recently appointed CEO Dr Steven Gourlay has also been made the company’s new managing director.

The engagement comes just over a week after the biotechnology company appointed Dr Gourlay.

According to Actinogen, there will be no changes made to the key terms
of Dr Gourlay’s employment contract, which includes a $400,000 annual base salary and the opportunity to join the company’s share plan.

Dr Gourlay comes with more than 30 years’ experience in the development of novel therapeutics.

He was also the founding Chief Medical Officer at U.S.-based Principia Biopharma where he oversaw multiple pre-clinical, first-in-human, phase two and three clinical trial programs for four small molecules in orphan immunological diseases, multiple sclerosis and cancer.

In addition to this move, Dr Geoff Brooke will step down from his interim Executive Chairman arrangement and maintain his position on the Actinogen Board as Non-Executive Chairman effective immediately.

Actinogen Medical is up 2.86 per cent following the announcement, trading at 3.6 cents per share at 3:07 pm AEDT.

ACW by the numbers
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