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AFFiRiS AG Invests Into Human Capital - Chief Business Officer Recruited
Date:12/5/2011

VIENNA, December 5, 2011 /PRNewswire/ --

AFFiRiS AG announced today that Ali Alloueche is taking senior responsibility for their expanding business development activities. This new management position has been established as a result of the growing development pipeline of the Viennese biopharmaceutical company. As a member of the management team, Ali Alloueche will strategically and operationally support the development of AFFiRiS AG. Before joining AFFiRiS, Ali Alloueche was Head of External R&D at the leading vaccine manufacturer GlaxoSmithKline Biologicals, Belgium.

AFFiRiS AG has appointed Ali Alloueche as Chief Business Officer. In this position he will oversee business activities, strategic alliances and partnerships arising from the continuously growing pipeline of the Viennese biopharmaceutical company. Based on strong IP-positions and its AFFITOME©-technology, AFFiRiS has a diversified pipeline with four vaccine candidates currently in clinical phases and other attractive candidates in pre-clinical stage. Target indications include Alzheimer's, Parkinson's, Atherosclerosis and Hypertension - all diseases with unmet medical needs and attractive market potential.

Prior to joining AFFiRiS Ali Alloueche was Head External R&D at GlaxoSmithKline Biologicals in Belgium. In this position he expanded the company's R&D pipeline and extended its network of collaborators and business partners. In this role, he identified AFFiRiS's Alzheimer's vaccine candidates for GlaxoSmithKline - an activity in 2007 that culminated in a up to EUR 430 million-deal between both companies in October 2008. Prior to GlaxoSmithKline, Ali Alloueche was Research Director at Novartis Vaccines and Diagnostics in Italy and Head Translational Medicine and Scientific Affairs. Commenting on his new position, Ali Alloueche says: "AFFiRiS is one of the most dynamic biopharmaceutical companies in Europe. The company's focus on clinical programs and its robust
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SOURCE AFFiRiS AG
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