Probiodrug (Germany) has hired Mark Booth as Chief Business Officer to propel this Pharma’s global strategy. Among other important roles, Booth was president of Takeda North America.
Probiodrug is a Biopharma focused on developing treatments for Alzheimer’s disease. Its strategy is based on the elimination of pyroglutamated Abeta (pGlu), which is one of the way Alzheimer’s is being targeted, and has gotten some success in phase I trials.
On the financial front, Probiodrug was one of the successful Biotech IPOs in 2014. Additionally, it won the European Mediscience Award 2015 for Best Technology and raised €13.5M in a private placement in November.
Probiodrug has now hired Mark Booth as Chief Business Office (CBO) to lead the Biopharma’s international strategy, particularly in the US. Erich Platzer, Chairman of the Supervisory Board, considers that Booth’s extensive experience in business development and investor relations will prove instrumental in Probiodrug’s future.
Booth’s last position was as Chief Commercial Officer (CCO) at Orexigen in California,