REG - Scancell Hlds - Directorate Changes

Scancell HoldingsAnnouncement

26/10/2022 07:16

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RNS Number : 0930E  Scancell Holdings Plc  26 October 2022

26 October 2022

 

Scancell Holdings plc

("Scancell" or the "Company")

 

Directorate Changes

 

Scancell Holdings plc (AIM: SCLP), the developer of novel immunotherapies,
today announces that John Chiplin intends to resign his role as Executive
Chairman and Non-Executive Director of the Company for personal reasons but is
staying on for an interim period until a new Chair is appointed.

 

The Board has initiated a formal search for a new Chair and a further
announcement regarding details and timings will be made in due course.

 

The Board also announces that Richard Goodfellow intends to retire as
Non-Executive Director of the Company and will not seek re-election at the
upcoming AGM.

 

The Board also confirms that they have appointed Susan Clement Davies, an
independent Non-Executive Director and Chair of the Audit Committee, as Deputy
Chair.

 

Prof Lindy Durrant, Chief Executive Officer, Scancell, commented: "The Board
wishes to express its sincere thanks to John for his excellent stewardship,
support and enthusiasm throughout his tenure as Executive Chairman. We are
pleased that he will be with us for a while longer.

 

"The Board also wishes to express its gratitude to Richard. As Scancell's
co-founder and until 2017 its CEO Richard has been instrumental in Scancell's
evolution. His unfailing support and vision has been an inspiration to
everyone involved at Scancell. We wish Richard a long and happy retirement."

 

Dr John Chiplin, Executive Chairman, Scancell, commented: "It has been a
privilege and pleasure to have chaired the Scancell Board over the last six
years. As I plan to hand over the reins to a successor, I will be leaving the
Company well financed, with an exciting product pipeline, a strong management
team and a high-quality shareholder base. I certainly will continue to remain
a supportive shareholder.''

 

Dr Richard Goodfellow, Non-Executive Director, Scancell, commented: "Scancell
was founded over 20 years ago from Lindy's innovative and visionary research
and it has been a privilege to have been involved in the evolution of the
Company from a few highly original ideas to an established biotechnology
company with three products in clinical trials and its first commercially
significant deal. I remain hugely optimistic about the future of the Company
and I am sure that the best is yet to come."

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014 (MAR).

 

 For further information, please contact:

 Scancell Holdings plc                                                         +44 (0) 20 3727 1000
 Dr John Chiplin, Executive Chairman
 Professor Lindy Durrant, CEO

 Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)           +44 (0) 20 7710 7600

 Nicholas Moore/Samira Essebiyea/William Palmer-Brown (Healthcare Investment
 Banking)

 Nick Adams/Nick Harland (Corporate Broking)

 Panmure Gordon (UK) Limited (Joint Broker)                                    +44 (0) 20 7886 2500
 Freddy Crossley/Emma Earl (Corporate Finance)
 Rupert Dearden (Corporate Broking)

 FTI Consulting                                                                +44 (0) 20 3727 1000
 Simon Conway/Rob Winder/Alex Davis

 

About Scancell

 

Scancell is a clinical stage biopharmaceutical company that is leveraging its
proprietary research, built up over many years of studying the human adaptive
immune system, to generate novel medicines to treat significant unmet needs in
cancer and infectious disease. The Company is building a pipeline of
innovative products by utilising its four technology platforms: Moditope(®)
and ImmunoBody(®) for vaccines and GlyMab(®) and AvidiMab(®) for
antibodies.

 

Adaptive immune responses include antibodies and T cells (CD4 and CD8), both
of which can recognise damaged or infected cells. In order to destroy such
cancerous or infected cells, Scancell uses either vaccines to induce immune
responses or monoclonal antibodies (mAbs) to redirect immune cells or drugs.
The Company's unique approach is that its innovative products target
modifications of proteins and lipids. For the vaccines (Moditope(®) and
ImmunoBody(®)) this includes citrullination and homocitrullination of
proteins, whereas its mAb portfolio targets glycans or sugars that are added
onto proteins and / or lipids (GlyMab(®)) or enhances the potency of
antibodies and their ability to directly kill tumour cells (AvidiMab(®)).

 

For further information about Scancell, please visit:
https://www.scancell.co.uk/ (https://www.scancell.co.uk/)

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