PRESS RELEASE: Santhera Shareholders Approve all Board Proposals at Annual Shareholders' Meeting
Santhera Pharmaceuticals Holding AG / Santhera Shareholders Approve all Board Proposals at Annual Shareholders' Meeting . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Liestal, Switzerland, April 23, 2012 - Santhera Pharmaceuticals (SIX: SANN) announced that all proposals at today's annual shareholders' meeting passed with a vast majority. Santhera's shareholders approved the annual report, the annual financial statements and the consolidated financial statements for 2011. Santhera's shareholders voted in favor of the proposed appropriation of the results, the renewal of authorized and the increase of conditional share capital. The annual shareholders' meeting also granted discharge to the members of the Board of Directors and management. Klaus Schollmeier and Timothy Rink were re-elected as Board members for a period of one and three years, respectively. The shareholders also re-elected Ernst & Young as auditors. A total of 1,691,639 shares or 46.05 % of the share capital was represented at the Annual Shareholders' Meeting.
In his presentation to shareholders, Thomas Meier, Chief Executive Officer, reported on significant progress with the Company's key projects and the impact of last year's restructuring: "In Europe, we submitted the application for marketing authorization of idebenone (Catena()) in Leber's Hereditary Optic Neuropathy (LHON). The revenues from product sales combined with strict cost control measures safeguarded Santhera's cash reserves." Looking into 2012 he continued: "We expect a decision from the European Medicines Agency on the LHON filing in the second half of the year. If approved, this would be our second product approval. With a significantly reduced cash burn the financing of Santhera's current business focus on key value drivers is secured into 2013."
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About Santhera
Santhera Pharmaceuticals (SIX: SANN) is a Swiss specialty pharmaceutical company focused on the development and commercialization of innovative pharmaceutical products for the treatment of orphan neuromuscular and mitochondrial diseases, areas of high unmet medical with no current therapies. Santhera's first product Catena() is currently marketed in Canada to treat Friedreich's Ataxia. Catena() is also under review for marketing authorization by the European Medicine Agency as the first therapy for patients suffering from Leber's Hereditary Optic Neuropathy. For further information, please visit http://www.santhera.com.
Catena() is a trademark of Santhera Pharmaceuticals.
For further information, contact
Thomas Meier, Chief Executive Officer
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