Privately held ChemioCare USA Inc. has appointed three new key members to its board and management team as it looks toward going public in the first half of 2019.
The pharmaceutical company, based in New York, specializes in neutralizing chemotherapy-induced nausea and vomiting through its own transdermal patch technology.
Andy Resnick joins the company as chief manufacturing officer. The former president and COO of Tapemark brings 30-years of experience to transdermal development and manufacturing. He currently sits on the board of advisors for Hydra-Flex chemical dispensing systems.
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Hemal Shah will take on the role of Health Economics and Outcomes Advisor. Shah has over 20 years of experience in health economics and outcomes research. She is the former senior vice president of Medical Affairs, Healthcare Quality, Policy and Outcomes at Optimer Pharmaceuticals and executive director at HEOR at Boehringer Ingelheim.
Finally, Eric Baum joins ChemioCare as a director. Baum has worked for Fortune 50 companies and was managing director of Acquis Consulting Group and managing director and co-founder of Solidea Capital. He brings 15 years of experience to ChemioCare's board.
“The appointments are valuable to us as we are at the stage where we need to position ourselves to be ready for an IPO. Each one of our new members has specific skills that will help us,” ChemioCare Chairman and CEO Pedro Lichtinger told Proactive Investors. Lichtinger added that the company aims to list on the Nasdaq in the first half of 2019.
“The strength and depth of our pipeline and rapid development pace are being made possible by the addition of best in class support," the CEO said in a statement.
"Andy Rensink will lead our transition from the preclinical setting into Manufacturing, and Hemal Shah is adding incredible insights into the value our products will create by addressing the significant unmet medical need in the CINV setting," he said, adding that the board would also be strengthened by Baum's appointment.
--Updated to add date of IPO, quote from ChemioCare CEO, corrects spelling of Shah's first name--