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IRLAB Therapeutics - IRLAB changes CEO - ABG

IRLAB changes CEO
Yesterday after market close, IRLAB announced a new change of CEO. Richard Godfrey, CEO since July '22, will leave the company. Gunnar Olsson, current Chairman of the Board, has been appointed new Interim CEO. The current Vice Chairman has been appointed new Chairman of the company. IRLAB communicated that all changes will be implemented immediately and the process to recruit a new permanent CEO has also started.

Changes are not always bad
IRLAB is currently performing an in-depth analysis of all the generated data in the Ph 2b study of mesdopetam in PD-LIDs. While the outcome of this data will dictate the future of the asset, we believe that Gunnar Olsson's experience could be positive in future conversations with IPSEN. Olsson has been the Chairman of the Board of IRLAB since 2020 and has more than 30 years of experience in leading positions in the life science industry, including 25 years in AstraZeneca. He has been responsible for the development and launch of several global blockbuster drugs.
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