Business
Kamada Announces Chief Financial Officer Chaime Orlev to Remain in Role and Appointment of Nir Livneh as Vice President, General Counsel and Corporate Secretary
REHOVOT, Israel and HOBOKEN, N.J., May 24, 2023 (GLOBE NEWSWIRE) -- Kamada Ltd. (NASDAQ: KMDA; TASE: KMDA.TA) (“Kamada” or the “Company”), a commercial stage
About this update from Kamada Ltd.
[{"type":"text","content":"REHOVOT, Israel and HOBOKEN, N.J., May 24, 2023 (GLOBE NEWSWIRE) -- Kamada Ltd. (NASDAQ: KMDA; TASE: KMDA.TA) (“Kamada” or the “Company”), a commercial stage global biopharmaceutical company with a portfolio of marketed products indicated for rare and serious conditions and a leader in the specialty plasma-derived field, today announced that following the recently announced $60 million private placement with the FIMI Opportunity Funds, which is expected to contribute to accelerating the growth of its existing business and allow the Company to pursue compelling business development opportunities, Chief Financial Officer (CFO), Chaime Orlev, who had previously planned to transition out of his role to pursue other opportunities, has withdrawn his resignation and will remain in his position. Mr. Orlev has served as Kamada’s CFO since December 2017. Separately, the Company also announced that Nir Livneh, who previously served as its General Counsel and Corporate Secretary, from 2010-2018, has rejoined Kamada as Vice President, General Counsel and Corporate Secretary, reporting to the Company's Chief Executive Officer, Amir London. Prior to rejoining Kamada, Mr. Livneh served as Vice President of Legal Affairs at Purple Biotech Ltd. Previously, he was Legal Counsel at ICL Group Ltd. and General Counsel of PolyPid Ltd. Mr. Livneh holds an LL.B in Law and a B.A. in Business Administration from the Interdisciplinary Center Herzliya, Israel (Reichman University) and an LL.M degree from the Tel Aviv University, Israel. He was admitted to the Israeli bar association in 2006. “We are pleased that Chaime has decided to remain as CFO of Kamada,” said Mr. London. “He will be instrumental in supporting Kamada's continued growth and maximizing the strategic opportunities provided by the recently announced $60 million private placement. We are also excited to welcome back Nir as our Vice President, General Counsel and Corporate Secretary. Both Chaime and Nir significantly strengthen our executive management team and will play pivotal roles in our further development as a global leader in the specialty plasma industry.” About Kamada Kamada Ltd. (the “Company”) is a commercial stage global biopharmaceutical company with a portfolio of marketed products indicated for rare and serious conditions and a leader in the specialty plasma-derived field, focu...