Nuformix plc (LSE: NFX), the pharmaceutical development company targeting unmet medical needs in fibrosis and oncology via drug repurposing, has announced the appointment of Dr Dan Gooding as a consultant to the Company. Dr Gooding was a co-founder and ex-CEO of Nuformix and instigated the Company’s NXP002 programme as an inhaled therapy for the treatment of Idiopathic Pulmonary Fibrosis (“IPF”).
Commenting on his appointment, Dr Gooding said: “I am a strong believer in the potential of NXP002 as an inhaled therapy for the treatment of IPF. The recent positive pre-clinical data further cements this belief and I am delighted to be able to support the Company in its development and commercialisation activities for the NXP002 programme. My detailed knowledge of previous development strategies, commercial discussions and continued commitment to the success of the project and the Company will now be brought to bear in a formal way, alongside the Nuformix team, for the benefit of the NXP002 programme and the Company’s shareholders.”
Nuformix’s Executive Chairman, Dr Alastair Riddell, said: “ The recent positive pre-clinical studies on NXP002 warrant the progression of further product development and commercial discussions with licensing partners. Dr Gooding brings significant corporate history and experience to the table which will help facilitate these activities.
“Now the Company is able to invest in the formal development of NXP002, our objective is to progress NXP002 through a series of value-inflexion points prior to out-licensing. We look forward to announcing further results from our ongoing pre-clinical studies on NXP002 in the near future.
“Furthermore, our search for a new CEO is progressing well and I look forward to announcing an appointment in due course.”
