Azafaros Appoints Stefano Portolano, M.D., as Chief Executive Officer

Leiden, The Netherlands, June 30, 2021 – Azafaros B.V. today announced that Stefano Portolano, M.D., has joined Azafaros as Chief Executive Officer (CEO) and has concurrently been appointed to the Board of Directors of the company. Dr. Portolano is an experienced industry executive with a track record of successfully implementing commercialization and market access strategies across a broad spectrum of indications. Within his 25 years in the biotech and pharmaceutical industries, he has focused on leadership roles in organizations that develop orphan specialty medicines for patients with rare diseases.

“We are very happy to welcome Stefano to Azafaros as the company progresses further into clinical development. We believe Azafaros will benefit greatly from his experience in defining and executing corporate strategies as well as his extensive background in rare diseases,” said Carlo Incerti, M.D., Chairman of Azafaros’ Board of Directors. “Stefano joins an outstanding team that is rapidly advancing lead candidate AZ-3102, the company’s proprietary orally-available azasugar molecule for the treatment of GM1 and GM2 gangliosidoses.”

Dr. Incerti added: “In addition, on behalf of the Board, the company and its shareholders, I would like to express our deepest gratitude to Olivier Morand for his invaluable contributions as co-founder of the company and its first CEO. Olivier’s efforts to secure significant financing, to attract experienced industry executives, and to bring its lead program into the clinic, were instrumental for laying the solid foundation upon which Azafaros will further expand. We wish him the best for his future ventures.”

Since the company’s inception in 2018, Azafaros has made remarkable progress by building a strong and committed organization that has reached the clinic in less than three years,” said Stefano Portolano, M.D., Azafaros’ Chief Executive Officer. “I am excited about the opportunity to lead Azafaros through its transition into the next phase and to further expand the potential of our pipeline.”