Mr. Thierry Hercend, MD, PhD and chairman of the board, commented: "We are very pleased to have Mr. Baluch serve on our board. With his long-standing, international experience and know how in the pharmaceutical industry, especially his deep expertise in the Type 2 diabetes space and his extensive network in the diabetes community, Khoso will make a significant contribution to Poxel as it moves forward over the coming years."
Khoso Baluch added: “I look forward to working with the Poxel team to further enhance the value and the commercial opportunity of its lead program for diabetes. Imeglimin, Poxel’s very promising antidiabetic product represents a new treatment option for the rapidly growing needs of Type 2 diabetic patients. I am excited to be a part of this novel therapy approach with a company dedicated to helping diabetes patients achieve a better quality of life."
About Poxel SA
Poxel, founded in 2009, is a biopharmaceutical company developing innovative first-in-class drugs, with a primary focus on Type 2 diabetes. The company develops drug candidates to clinical proof-of-concept before seeking pharmaceutical industry partners. Poxel was spun out from Merck Serono. It operates independently as a lean organization with strong in-house drug development expertise. Poxel’s product pipeline consists of several first-in-class Type 2 diabetes products, including Imeglimin in Phase II development. Recently, Imeglimin has also shown significant clinical benefits in Type 2 diabetes, when added to sitagliptin. The Phase II study achieved the primary and secondary endpoints. Previously, Imeglimin has shown incremental efficacy as an add-on therapy to metformin, in patients inadequately controlled by monotherapy. In addition, a direct activator of AMPK is in preclinical development for the treatment of Type 2. For more information, please visit www.poxel.com
Mrs. Pascale Malgouyres, Business Development and Marketing Director
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Released March 21, 2013