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Adhera Therapeutics Appoints Trond K. Waerness as Chairman of the Board, Company Focuses on Uplist to NASDAQ
Adhera Therapeutics Appoints Trond K. Waerness as Chairman of the Board, Company Focuses on Uplist to NASDAQ.
About this update from Adhera Therapeutics Inc.
[{"type":"text","content":"\n Baton Rouge, LA, May 19, 2022 (GLOBE NEWSWIRE) -- Adhera Therapeutics, Inc. (OTCQB: ATRX) (\"Adhera\" or the \"Company\"), a clinical stage biopharmaceutical company, is pleased to announce the appointment of Trond K. Waerness as Chairman of the Company’s Board of Directors. Mr. Waerness has been serving as a Director at Adhera since April 2021. Mr. Waerness is a pharmaceutical executive with approximately 25 years of experience in all areas of pharmaceutical commercialization. He has held roles in sales, sales management, BD, M&A, operations, and marketing on both the manufacturer and vendor side during his time working with companies including Glaxo-Wellcome, Novartis, Cornerstone Biopharma, Jobson Healthcare, Rx Sample Solutions, and MedVantx. In the last six years, Mr. Waerness has founded/co-founded three successful and profitable pharma services companies. He received his leadership education in the Royal Norwegian Army’s officer school and his undergraduate business education at the Lundy-Fetterman School of Business at Campbell University. Mr. Waerness is assuming the role of Chairman, replacing Andrew Kucharchuk, who will remain Chief Executive Officer and Vice-Chairman. The Company has also nominated Zahed Subhan, BS MS PhD MBA LLB, who currently serves on Adhera’s Board of Directors, as interim Chief Scientific Officer. Terms are being finalized with expectations to execute the agreement in the coming weeks. “We are focused on our fundamentals and positioning our team to efficiently advance our pipeline and build shareholder value,” said Andrew Kucharchuk. “Trond has an impressive track record of success in business development and a comprehensive skillset across the pharmaceutical spectrum. He is the ideal Chairman to lead Adhera as we move our lead drug candidates for Type 1 diabetes and Parkinson’s disease into mid-stage clinical trials and work to uplist our company to the NASDAQ exchange. We hope to announce Dr. Subhan as interim CSO in short order, where he will be instrumental in advancing our clinical development programs.” The Company is planning to initiate a Phase 2 clinical trial of MLR-1023 as a new treatment for Type 1 Diabetes where its role in pancreatic beta cell protection and proliferation represents a potential major breakthrough in diabetes ca...