Circassia Appoints Stewart Sharpe as Vice President Commercial Operations
OXFORD, England, September 18, 2012 /PRNewswire/ –
Circassia Ltd, a specialty biopharmaceutical company focused on allergy, today
announced the appointment of Stewart Sharpe to the newly-created position of Vice
President, Commercial Operations. Mr Sharpe, who has extensive experience of leading
multinational product launches, will lead Circassia’s preparations to commercialise its
lead allergy programme. Circassia plans to begin phase III testing of its lead
ToleroMune(R) allergy treatment in Q4 2012.
Stewart Sharpe brings 25 years of commercial and marketing experience to Circassia.
Most recently he was Head of Commercial & Business Development at Astellas Pharma’s
subsidiary OSI / Prosidion. Previously, he held senior leadership roles at Takeda, Johnson
& Johnson, Novartis, Roche and Glaxo Wellcome. During his career he has led the commercial
activities for a number of new products, including the global launch of Xolair(R) for
Novartis. He also has wide experience of establishing highly performing teams and has a
proven record of developing and implementing successful marketing strategies in several
therapeutic areas, including respiratory medicine. Mr Sharpe is a Member of the Board of
the Oxford Biosciences Network, a Member of the UK Biotechnology Industry Association and
a Member of the Chartered Institute of Marketing.
Commenting on the appointment, Steve Harris, Circassia’s CEO, said, “I am delighted to
welcome Stewart to Circassia at this exciting time in the company’s development. We
believe our ToleroMune(R) technology has the potential to revolutionise allergy treatment,
and as we move our lead programme into the final phase of development it is the ideal time
to ramp up the extensive commercial preparations required for the successful international
launch of our first product. Stewart brings to Circassia the senior-level experienceand
track record of achievementneeded to help us achieve this ambitious goal, and we look
forward to him leading ourcommercial preparations as we progress our novel cat allergy
treatment to the marketplace.”
About Circassia’s ToleroMune(R) allergy treatments
Circassia is developing a range of allergy treatments based on its proprietary
ToleroMune(R) technology. This uses small sections of allergens (epitopes) to generate
regulatory T cells that suppress allergic responses and create immune tolerance in
patients. The company has successfully completed a number of phase II studies with its
cat, house dust mite, ragweed and grass allergy therapies. Clinical results show that
short courses of Circassia’s allergy treatments can greatly reduce patients’ allergic
responses, without the need for adjuvants or other immune stimulators, while proving
extremely well tolerated. As a result, the treatments offer major potential clinical
benefits compared with existing therapies, and have significant market opportunities. More
than 150 million people suffer from allergic rhinitis in the US and Europe, and the
current treatment market is valued at approximately $12 billion per year.
Circassia was founded in 2006 by a team of highly experienced biotechnology scientists
and entrepreneurs, and is chaired by the former Chairman of GlaxoSmithKline, Sir Richard
Sykes. The company is based in the UK on the Oxford Science Park, and its joint venture
with McMaster University (Adiga Life Sciences Inc) is located in Hamilton, Canada.
Circassia’s ToleroMune technology was developed originally by scientists at Imperial
College, London. Having successfully completed five fundraising rounds, Circassia has
raised approximately GBP105 million ($178 million) and is backed by a syndicate of
world-class institutional investors, including Imperial Innovations and Invesco Perpetual.
Contacts Steve Harris CEO Circassia Tel: +44(0)1865-784574 Rob Budge RJB Communications Tel: +44(0)1865-760969 Mobile: +44(0)7710-741241
SOURCE Circassia Ltd