LEIDEN, NETHERLANDS--(Marketwire - January 30, 2009) - OctoPlus N.V. ("OctoPlus" or "the Company") (Euronext: OCTO), announces today the forthcoming departure of Hans Pauli, Chief Financial Officer (CFO). The Board of Supervisory Directors and Mr. Pauli have agreed that Mr. Pauli will be leaving the Company on 31 March 2009, after he has completed his supervision of OctoPlus' 2008 annual accounts.
Simon Sturge, CEO of OctoPlus comments: "On behalf of the Board of Supervisory Directors, I would like to thank Hans for his considerable contribution as a key member of the management team over the past years. We wish him all the best in his future career."
Hans Pauli has been CFO of OctoPlus since 1 January 2003. The Executive Board will aim to fill the vacancy of CFO as soon as possible.
About OctoPlus
OctoPlus N.V. is a product-oriented biopharmaceutical company committed to the creation of improved pharmaceutical products that are based on OctoPlus' proprietary drug delivery technologies and have fewer side effects, improved patient convenience and a better efficacy/safety balance than existing therapies. Rather than seeking to discover novel drug candidates through early stage research activities, OctoPlus focuses on the development of long-acting, controlled release versions of known protein therapeutics, other drugs, and vaccines on behalf of its clients.
The lead product incorporating our technology is Locteron®, a controlled release formulation of interferon alfa for the treatment of chronic hepatitis C, which has been licensed to Biolex Therapeutics and is being manufactured by OctoPlus. Locteron is currently in Phase II clinical studies.
In addition, OctoPlus is a leading European provider of advanced drug formulation and clinical scale manufacturing services to the pharmaceutical and biotechnology industries, with a focus on difficult-to-formulate active pharmaceutical ingredients.
OctoPlus is listed on Euronext Amsterdam by NYSE Euronext under the symbol OCTO. For more information about OctoPlus, please visit our website www.octoplus.nl.
This document may contain certain forward-looking statements relating to the business, financial performance and results of OctoPlus N.V. and the industry in which it operates. These statements are based on OctoPlus N.V.'s current plans, estimates and projections, as well as its expectations of external conditions and events. In particular the words "expect", "anticipate", "predict", "estimate", "project", "plan", "may", "should", "would", "will", "intend", "believe" and similar expressions are intended to identify forward-looking statements. We caution investors that a number of important factors, and the inherent risks and uncertainties that such statements involve, could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements. In the event of any inconsistency between an English version and a Dutch version of this document, the English version will prevail over the Dutch version.
For further information, please contact:
Rianne Roukema
Corporate Communications
telephone number +31 (71) 524 1071
e-mail IR@octoplus.nl
