Biotest AG: Biotest Supervisory Board appoints new Management Board member
News: Biotest AG / Key word(s): Personnel
Biotest Supervisory Board appoints new Management Board member
- Dr Jörg Schüttrumpf appointed to the Board as Chief Scientific Officer (CSO)
- Development of trimodulin and Fibrinogen to be accelerated
- Additional phase III trial with Covid-19 patients
As 'Chief Scientific Officer', Dr Schüttrumpf will be responsible within the Biotest Group for the area of research and development, including drug safety and drug approval. Dr Schüttrumpf has been responsible for global research at Biotest AG since 2012 and for research and development since 2015.
This personnel decision is directly accompanied by the Supervisory Board's approval of an expanded budget for the accelerated development of trimodulin in sCAP and of Fibrinogen also for the USA. In addition, the Supervisory Board approved the start of an additional phase III trial with trimodulin in Covid-19 patients, which had not previously been planned. As announced on 23 November 2021, this development will be funded by the German Federal Ministry of Education and Research (BMBF) and the German Federal Ministry of Health (BMG). Biotest will have to bear 20% of the funds required for this study itself.
"We are happy that Dr Schüttrumpf will be joining the Board of Biotest AG in the future. He has been very successful in developing research and development at Biotest and is a management personality with an impressive professional vitae. His appointment strengthens the company's strategic focus on growth as a provider of innovative plasma therapeutics," emphasises Rolf Hoffmann, Chairman of the Supervisory Board of Biotest AG.
Ordinary shares: securities' ID No. 522720; ISIN DE0005227201
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