MagForce AG hires Christian von Volkmann as Head of Finance
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MagForce AG /
MagForce AG hires Christian von Volkmann as Head of Finance
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* von Volkmann leads Financial Department with immediate effect
* Magforce's Financial Department will again be headed up by a competent
leader
Berlin, Germany, May 3, 2012 - MagForce AG (Frankfurt, XETRA: MF6), a leading
medical technology company in the field of nanomedicine in oncology, announced
today that Christian von Volkmann is hired as Head of Finance and will lead the
Company's Financial Department with immediate effect. Christian von Volkmann is
a proven expert in finance with many years of experience in the biotech and
pharma industries. In 2009, as Chief Financial Officer, he completed Jerini AG's
successful acquisition by Shire plc, which was initiated in 2008.
"We are excited that our Financial Department will again be headed up by a
competent leader. In Christian von Volkmann we have a highly qualified expert in
finance with many years of experience in the biotech industry. We welcome Mr.
von Volkmann and look forward to jointly progressing the development of our
Company and successfully reestablishing MagForce at the capital markets", Dr
Andreas Jordan, CEO and founder of MagForce, said.
"I am excited to join MagForce during this exciting period. In restructuring the
Company and introducing a new focused corporate strategy, MagForce has managed
to implement critical steps for successfully developing the Company in the
future", Christian von Volkmann, Head of Finance, commented. "Now it is
important not only to improve the acceptance of the NanoTherm® therapy in the
market but also to enter international strategic distribution partnerships, to
secure a solid financial basis for the long term and to rebuild the confidence
of the capital markets through a professional dialogue with investors. I very
much look forward to actively participating in this process."
"I am extremely pleased to know the further development of our NanoTherm®
therapy is being well supported in both the medical-scientific and financial
fields. The planned post marketing authorization clinical trial in brain tumors
as well as our further development in prostate and pancreatic cancer are key
elements for our future corporate development. I am looking forward to working
with Mr. von Volkmann in these important programs", Prof Dr Hoda Tawfik, Vice
President R & D/Medical Affairs, commented.
Christian von Volkmann has more than 14 years of international experience in
corporate finance/capital market transactions, group structuring and M&A. In his
position at Jerini AG (Berlin, Germany), which he joined in 2004 as Director of
Finance, he contributed as Vice President of Finance to one of the most
successful transactions in the European biotech industry. As Chief Financial
Officer he was subsequently responsible for the corporate restructuring and the
compensation of the minority shareholders. Shire plc acquired the majority of
Jerini AG's shares in July 2008 at a market capitalization of about ? 500
million and completed incorporation in 2010. After this Christian von Volkmann
founded and headed Berlin-based CMaP Financial Consulting, a corporate and
project consultancy focusing on legal disclosure, stock exchange listing
requirements, plus strategic and operational management consultancy. Prior to
his position at Jerini, Christian von Volkmann worked at the auditing company
Ernst & Young for six years. He holds a diploma of the Julius-Maximilians-
Universität Würzburg, where he studied business administration with a focus on
taxation, audit and consultancy as well as bank administration and Corporate
Finance. He is also a licensed Certified Public Accountant in the US.
About MagForce AG
MagForce AG is a leading medical technology company in the field of nanomedicine
in oncology. The Company's proprietary, NanoTherm® therapy, enables the targeted
treatment of solid tumors through the intratumoral generation of heat via
activation of magnetic nanoparticles. NanoTherm®, NanoPlan®, and
NanoActivator(TM) are components of the therapy and have received EU-wide
regulatory approval as medical devices for the treatment of brain tumors.
MagForce, NanoTherm®, NanoPlan®, and NanoActivator(TM)are trademarks of MagForce
AG in select countries. For more information, please visit www.magforce.com.
Disclaimer
This release may contain forward-looking statements and information which may be
identified by formulations using terms such as "expects", "aims", "anticipates",
"intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-
looking statements are based on our current expectations and certain
assumptions, which may be subject to a variety of risks and uncertainties. The
results actually achieved by MagForce AG may substantially differ from these
forward-looking statements. MagForce AG assumes no obligation to update these
forward-looking statements or to correct them in case of developments, which
differ from those, anticipated.
Contact:
Anne Hennecke
MC Services AG
T +49 89 210228-18
F +49 89 210228-88
M +49 151 12 555 759
Email: anne.hennecke(at)mc-services.eu
Press release:
http://hugin.info/143761/R/1608345/510473.pdf
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Source: MagForce AG via Thomson Reuters ONE
[HUG#1608345]
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Datum: 03.05.2012 - 04:27 Uhr
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