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BAGNEUX, France, March 10, 2015 (GLOBE NEWSWIRE) -- DBV Technologies (Euronext: DBV - ISIN: FR0010417345 - Nasdaq Stock Market: DBVT), a clinical-stage specialty biopharmaceutical company, today announced the appointment of Daniel Soland to its Board of Directors. Mr. Soland will join as an independent board member, and will be part of DBV's audit committee. He most recently served as Senior Vice President and Chief Operating Officer of Viropharma, and currently serves on the Board of Tarsa Therapeutics.
Dr. Pierre-Henri Benhamou, Chairman & CEO of DBV Technologies, said: "Our primary objective is to finish the development of Viaskin Peanut and bring it to the market. As DBV enters into this new chapter, Dan's commercial, marketing and operational experience will be an asset to DBV. We are thrilled to have him join our Board, and look forward to benefiting from his valuable perspective and leadership."
In addition to his role at Viropharma, where he helped build the organizational and commercial infrastructure that resulted in an 11-fold increase in Viropharma's share price during his tenure, Mr. Soland previously served as President of Chiron Vaccines, and helped engineer a turnaround that contributed to Chiron's acquisition by Novartis. Earlier, he was President and CEO of Epigenesis Pharmaceuticals. At GlaxoSmithKline Biologicals, Mr. Soland served as Vice President and Director, Worldwide Marketing Operations. Earlier in his career, Mr. Soland held positions of increasing responsibility in sales and product management at Pasteur-Merieux's Connaught Laboratories. He holds a BS in Pharmacy degree from the University of Iowa.
DBV also announced that Dr. Didier Hoch has resigned from his position as Board member in agreement with Bpifrance. Dr. Hoch was previously appointed in connection with Bpifrance Participations' investment in March 2012 during DBV's IPO on Euronext. With recent capitalization changes, including a NASDAQ listing, BPI France's relative ownership interest in DBV has decreased, and Dr. Hoch's departure aims to reflect such change.
"Didier has played an important role in helping DBV grow to the company it is today thanks to his vision and entrepreneurial spirit, and we are thankful for his outstanding support, dedication and contribution," said Dr. Pierre-Henri Benhamou.
"The recent changes in our composition reflect our commitment to position ourselves as the leader in the development and commercialization of food allergy treatments. We have set the goal to launch a food allergy product every two years, and we are in the process of building the commercial platform to do so successfully." said David Schilansky, Chief Operating Officer of DBV Technologies.
About DBV Technologies
DBV Technologies is developing Viaskin®, an innovative new approach to the treatment of allergies - a major public health issue that has been increasing in prevalence. DBV Technologies, incorporated in France in 2002, has developed a proprietary, worldwide-patented technology for administering an allergen to intact skin while avoiding transfer to the blood, and thus considerably lowering the risk of a systemic, allergic reaction in the event of accidental exposure. DBV Technologies is focusing on food allergies, including milk and peanut, for which there are currently no effective treatments. DBV Technologies has designed two products candidates: Viaskin® Peanut and Viaskin® Milk. The clinical development program for Viaskin® Peanut has received Fast Track designation from the US Food and Drug Administration.
DBV Technologies shares are traded on segment B of Euronext Paris (Ticker: DBV, ISIN code: FR0010417345) and on the Nasdaq Stock Market in the form of American Depositary Shares (each representing one-half of one ordinary share) (Ticker: DBVT). For more information on DBV Technologies, please visit our website: www.dbv-technologies.com.
Forward Looking Statements
This press release contains forward-looking statements, including statements reflecting management's expectations for future business outlook; statements regarding our research and development efforts; and statements about our ability to successfully complete the clinical trials, and our ability to obtain regulatory approval for and commercialize our product candidates. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. In particular it should be noted that these data are preclinical in nature and have not been demonstrated in human subjects. The company's product candidates have not been approved for sale in any jurisdiction. Among the factors that could cause actual results to differ materially from those described or projected herein include uncertainties associated generally with research and development, clinical trials and related regulatory reviews and approvals, the risk that historical preclinical results may not be predictive of future clinical trial results, and the risk that historical clinical trial results may not be predictive of future trial results. A further list and description of these risks, uncertainties and other risks can be found in the Company's regulatory filings with the French Autorité des Marchés Financiers, the Company's Securities and Exchange Commission filings and reports, including in the Company's prospectus filed with the SEC on October 22, 2014 and future filings and reports by the Company. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. DBV Technologies undertakes no obligation to update or revise the information contained in this Press Release, whether as a result of new information, future events or circumstances or otherwise.
|DBV Technologies Contacts|
| Susanna Mesa |
VP Finance, US Investor Relations & Strategy
Tél. : +1 917-346-3447
| Nathalie Donne |
Director, Corporate Communication & Business Development
Tél. : +33(0)1 55 42 78 72
|DBV Technologies IR and Media Contacts|
| Marion Janic |
US Media Relations
Rooney & Associates
Tél. : +1-212-223-4017
DBV appoints Daniel Soland to Board of Directors http://hugin.info/156437/R/1900582/675626.pdf
Source: DBV Technologies