18th Jan 2021 11:00
(Alliance News) - Arix Bioscience PLC said Monday that Managing Director Jonathan Tobin will be resigning from his role with effect on March 1 to "pursue another opportunity".
Tobin has been part of the biotech sector-focused investor for four years since 2016, but was appointed as managing director in April 2020.
"On behalf of the board and the investment team, I would like to thank Jonathan for his contribution to the development of Arix since its inception. Our portfolio companies, particularly where he was the investment director, benefited greatly from his counsel and contribution to their progress. Jonathan departs with our very best wishes," said Executive Chair Naseem Amin.
"We will be expanding our investment team both in the US and London as we continue to deploy capital into new opportunities," Amin added.
Shares in Arix Biosciences were down 2.4% at 200.00 pence on Monday in London.
By Dayo Laniyan; [email protected]
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