Report

Acacia Pharma - Michael Bolinder to become CEO

Acacia Pharma has announced that company founder Dr Julian Gilbert will step down on 31 July. As part of a planned succession, Michael Bolinder will be promoted to CEO and join the board of the company. Julian is expected to be available for a few months after the transition to help with the handover. Michael, who is based in the US, has operated as Acacia’s group chief commercial officer for the last four years and has been pivotal in building the company’s sales operation. The board has undertaken succession planning over the last year and we believe this change positively reflects Acacia’s focus on the US market. We retain our valuation of €631m or €11.8/share.
Underlying
Acacia Pharma Group PLC

Acacia Pharma Group Plc. Acacia Pharma Group PLC is a United Kingdom-based company specialized in the pharmaceutical industry. The pharmaceutical group focuses on the development and commercialization of new nausea and vomiting treatments for surgical and cancer patients. Its pipeline includes BAREMIS, an intravenous formulation of amisulpride, which is a selective dopamine antagonist that has completed phase 3 clinical development for the prophylaxis and treatment of Postoperative nausea and vomiting (PONV), and APD403, which is based on the selective dopamine antagonist amisulpride and it is being developed as an intravenous injection for cancer patients to be administered immediately before chemotherapy to prevent acute chemotherapy-induced nausea & vomiting ( CINV).

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Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Susie Jana

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