Framingham, Mass. – August 6, 2018 – Alzheon, Inc., a clinical-stage biopharmaceutical company focused on developing new medicines for patients suffering from Alzheimer’s disease and other neurological and psychiatric disorders, announced today the appointment of Neil Flanzraich, JD, as Vice Chairman of the company’s Board of Directors. Mr. Flanzraich will lead the Alzheon Board of Directors together with the Chairman of the Board, Jean-Pierre Garnier, PhD, former CEO of GlaxoSmithKline and Chairman of Actelion. Mr. Flanzraich was an early investor in Alzheon and served in the role of Chief Business Officer of Alzheon as a consultant to the company from February to May 2018.
“We are delighted to have Neil serve as the Vice Chairman of our Board of Directors and to contribute his expertise to Alzheon in this new role,” said Martin Tolar, MD, PhD, Founder, President and Chief Executive Officer of Alzheon. “Neil has an exceptional track record for driving business strategies and building value in biopharmaceutical companies. We look forward to his insights and guidance, as we chart our future course for the clinical development of ALZ-801 in Alzheimer’s disease, and continue our strategy to bring breakthrough therapies to patients with neurodegenerative disorders.”
“Alzheon’s science of targeting neurotoxic amyloid oligomers represents the leading edge in Alzheimer’s research, and I am excited to continue to be a part of Alzheon’s mission to bring new medicines to patients with Alzheimer’s and other neurodegenerative disorders,” said Mr. Flanzraich. “Alzheon’s oral pill ALZ-801 is among only a few remaining late-stage Alzheimer’s drug candidates, and this offers a tremendous opportunity for ALZ-801 as a promising first-in-class anti-oligomer treatment for this devastating disease. Alzheon pioneered the precision medicine approach for genetically-defined Alzheimer’s patient populations, and I look forward to working with the Alzheon team to realize the full potential of this opportunity for its business and for Alzheimer’s patients.”
Mr. Flanzraich brings to Alzheon more than 30 years of executive leadership, operational and legal experience with pharmaceutical and life sciences companies. Mr. Flanzraich is the Executive Chairman of Cantex Pharmaceuticals, Inc., a privately-owned biotechnology company, which is developing drugs for cancer. Previously, he was Cantex’s Chief Executive Officer. Mr. Flanzraich served as Vice Chairman and President of IVAX Corporation, an international pharmaceutical company, for over seven years, prior to its sale in 2006 to TEVA Pharmaceutical Industries, Ltd. for an enterprise value of $10 billion. Prior to his tenure at IVAX, Mr. Flanzraich served as Chairman of the Life Sciences Legal Practice Group of Heller Ehrman LLP, a law firm. Previously Mr. Flanzraich worked at Syntex Corporation, an international pharmaceutical company, where, as the Senior Vice President, and a member of both the Corporate Operating and Corporate Executive Committees, he made major contributions to the value of the company, which was acquired by Roche in 1994 for $5.3 billion.
Mr. Flanzraich was an early investor and member of the board of directors of Chipotle Mexican Grill, Inc. (NYSE: CMG), and is currently its lead independent director. In addition, Mr. Flanzraich was the lead independent director of Equity One, Inc. (NYSE: EQY), prior to its acquisition by Regency Centers Corporation in October 2017. He was an independent director of Continucare Corporation (NYSE: CNU), a company with primary care centers, from 2002 to its sale in 2011. Mr. Flanzraich served for many years as the Chairman of the Israel America Foundation. He serves as an expert-in-residence for an entrepreneurship program at Harvard Law School and Harvard Business School. Mr. Flanzraich received an AB (magna cum laude, Phi Beta Kappa) from Harvard College and a JD from Harvard Law School (magna cum laude).
Alzheon, Inc. is committed to developing innovative medicines by directly addressing the underlying pathology of devastating neurodegenerative disorders. Our lead Alzheimer’s clinical candidate, ALZ-801, is a Phase 3-ready, first-in-class, small molecule oral inhibitor of beta amyloid aggregation and neurotoxicity – hallmarks of Alzheimer’s disease. ALZ-801 is a novel prodrug that builds on the safety and efficacy profile of the active compound tramiprosate, which has been evaluated in clinical trials involving over 2,000 Alzheimer’s patients. Our clinical expertise and technology platform are focused on developing drug candidates using a Precision Medicine approach based on individual genetic and biological information to advance therapies with the greatest impact for patients.
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