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IN BRIEF: Destiny Pharma picks interim CEO as Clark makes quick exit

25th May 2023 10:42

Destiny Pharma PLC - Brighton, England-based clinical-stage biotechnology company focused on preventing life-threatening infections - Chief Executive Officer Neil Clark steps down immediately "to pursue new challenges". Clark will "support [Destiny] for a limited period to ensure an orderly handover." Non-Executive Director Debra Barker will serve as interim CEO until Destiny appoints a permanent replacement. Barker has held "key roles" at Novartis AG and Polyphor AG, now named Spexis AG. She also has previously worked at Roche Holding AG, Polyneuron Pharmaceuticals AG and GSK PLC.

Barker says: "The business is well positioned to build on the progress that has been achieved and there are significant opportunities that lie ahead for the company. My primary focus will be on advancing partnership discussions for [experimental drug candidate] XF-73 nasal, and I look forward to leading Destiny until the board appoints a permanent successor to drive the business through its next phase of growth."

Current stock price: 30.65 pence, down 8.5% in London on Thursday

12-month change: down 31%

By Holly Beveridge, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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