Nuevolution Appoint Dr. Paul Scigalla as Chief Medical Officer on Consultancy Basis

STOCKHOLM, Jan. 23, 2018 /PRNewswire/ --

Nuevolution AB (publ) (NUE.ST) today announced the appointment of professor Paul Scigalla MD, PhD as new advisor to support Nuevolution in the role as a Chief Medical Officer on a consultancy basis.

Dr. Scigalla, is a physician and medical researcher with more than 30 years of experience in clinical development across multiple therapeutic areas. As head of Clinical Research for nephrology, oncology and bone metabolism at Boehringer Mannheim GmbH, he was responsible for the preclinical and clinical development of erythropoietin and approval of ibandronate for the treatment osteoporosis and bone metastases. He later served as Head of Global Development Therapeutics and Executive Vice President at SUGEN, Inc., responsible for the clinical development of multiple receptor tyrosine kinase inhibitors, including sunitib (Sutent®) and as Vice President Research Oncology, Pharmacia/Pfizer Bedminster, New Jersey. Since August 2003, he has served as a consultant to several pharmaceutical companies in US, Japan and Europe. Dr Scigalla received his medical training from the University of Humboldt and was appointed Professor of Medicin from the University of Heidelberg in 1992.

Dr. Scigalla will support Nuevolution's team with regards to planning and execution of pre-clinical and clinical development of Nuevolution's own programs.

"We are delighted to have Paul's expertise to support the development of our preclinical and clinical programs," said Thomas Franch, CSO of Nuevolution, and continued "Paul brings a tremendous experience in drug discovery and development across several therapeutic areas, which will help our current and future efforts in preclinical programs, regulatory activities and human clinical studies."

Dr. Paul Scigalla commented, "I am very excited about the company's achievement and growing pipeline and I look forward to help progress interesting Nuevolution programs into clinical development."  

About Nuevolution

Nuevolution AB (publ) is a leading small molecule drug discovery biotech company founded in 2001, headquartered in Copenhagen, Denmark. Nuevolution partners its proprietary discovery platform and programs with pharmaceutical and biotechnology companies to seek future benefit for patients in need of novel medical treatment options. Nuevolution's internal programs are focused on therapeutically important targets within inflammation, oncology and immuno-oncology.

The information was sent for publication, through the agency of the contact persons set out above, on Tuesday 23January 2018, 11:00 CET.

Nuevolution AB (publ) is listed at Nasdaq First North Premier in Stockholm, Sweden (ticker: NUE.ST). Redeye AB acts as Certified Adviser to Nuevolution AB (publ). More information about Nuevolution can be found at: www.nuevolution.com.

For more information, please contact:

Thomas Franch, CSO
Phone: +45-7020-0922
Email: [email protected]

Henrik D. Simonsen, CFO
Phone: +45-3913-0947
Email: [email protected]

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SOURCE Nuevolution