CEO Olav Hellebø to leave Clavis Pharma
Oslo, Norway, 14 May 2013
Clavis Pharma ASA (OSE: CLAVIS), the Norwegian cancer drug development company, announces that Olav Hellebø will leave the position as CEO of the company effective 20 May by mutual agreement. This is a consequence of the significant down scaling of the Company's operations following the negative outcome of the CLAVELA phase III study in April.
Olav Hellebø said: "During my three years as CEO, Clavis Pharma has advanced two drug candidates through pivotal clinical trials. This is a significant undertaking for a small biotech company and it would not have possible without a very competent team and the support of our board and investors. We of course wished that the outcome of the studies was different. I thank everyone involved and wish them the best of luck with their new ventures going forward."
Anders Wiklund, Chairman of the Board of Directors, said: "Olav has been an outstanding manager of the Clavis Pharma team. His enthusiasm and professionalism has created respect among all stakeholders of the company. On behalf of the Board, I would like to thank him for his excellent leadership and wish him well with his future endeavours."
Contacts:
Anders P. Wiklund
Chairman of the Board, Clavis Pharma ASA
+47 24 11 09 50
Mark Swallow / Nina Enegren / David Dible
Citigate Dewe Rogerson
+44 207 282 2948
Mark Swallow, Ph.D.
Citigate Dewe Rogerson
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+44 (0)20 7282 2811 (fax)
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