Molecular Partners Appoints Pamela A. Trail as Chief Scientific Officer; Michael T. Stumpp Assumes Role of Chief Operating Officer of the Company

Zurich-Schlieren, June 21, 2018. Molecular Partners AG (SIX: MOLN), a clinical-stage biopharmaceutical company developing a new class of drugs known as DARPin® therapies*, announced today the appointment of Pamela A. Trail, Ph.D., as Chief Scientific Officer. Pamela Trail served most recently as Vice President of Oncology Strategy and Program Direction at Regeneron Pharmaceuticals. With her addition the company significantly strengthens its leading research capabilities applying the DARPin® platform to oncology drug development.

The company has also announced that Michael T. Stumpp, Ph.D., a co-founder of Molecular Partners and so far Chief Scientific Officer of the company, has been appointed to the role of Chief Operating Officer. Michael T. Stumpp was part of the team working on designed repeat proteins as next generation protein drugs at University of Zurich that also invented the DARPin® technology. Since Molecular Partners' inception, he also oversaw the DARPin® pipeline.

"We are thrilled that Pam is joining our leadership team to help unlock the full potential of the DARPin® platform in cancer treatment," said Patrick Amstutz, Chief Executive Officer of Molecular Partners. "Pam brings a wealth of expertise in oncology drug development to this role, having contributed to three FDA-approved cancer therapies Nexavar™, Stivarga™ and Adcetris™, across a diverse set of therapeutic modalities, including biologics and small molecule drugs. Under her leadership we look forward to rapidly advancing our growing pipeline of clinical and pre-clinical DARPin® drug candidates - in oncology and beyond."

Pamela Trail has over 30 years of experience in directing cancer drug discovery efforts at leading pharmaceutical companies worldwide. At Regeneron she oversaw the development of the anti-PD-1 monoclonal antibody Cemiplimab (REGN2810) and the bi-specific T cell-engaging antibody REGN1979, targeting CD20 and CD3. She has previously held the roles of Vice President of Oncology Research at MedImmune, Chief Scientific Officer at Seattle Genetics, Vice President of Protein Therapeutics Research at Bayer Healthcare, and Director of Oncology Cell and Tumor Biology at Bristol-Myers Squibb Pharmaceutical Research Institute. Dr. Trail holds a Ph.D. in Immunology and Virology from University of Connecticut.

"I am excited to join the team at Molecular Partners at this important moment, with our lead oncology programs progressing in multiple myeloma, non-small cell lung cancer and breast cancer, and additional exciting programs in earlier stages of development," said Pamela Trail. "The DARPin® platform represents an exciting new approach to developing innovative cancer therapeutics, combining a novel, differentiated drug format that enables multi-specific drug design with excellent flexibility and clinical developability. We aim to develop DARPin® candidates with the potential to play an important role against multiple forms of cancer that remain poorly treated today."

In her new role, Pamela Trail will work alongside a growing number of leading oncology and drug development and experts at Molecular Partners, including Andreas Harstrick, M.D., Chief Medical Officer, and Bill Burns, Chairman, former CEO of Roche Pharmaceuticals. These reputed international experts form an excellent base to substantiate the company's ambition to develop beyond a clinical product company and become a fully integrated biotech company in oncology.

* DARPin® is a registered trademark owned by Molecular Partners AG.

Financial Calendar

August 30, 2018

Publication of 2018 Half-year Results

November 01, 2018

Q3 2018 Management Statement

http://investors.molecularpartners.com/financial-calendar-and-events/


Press Release (PDF)



Provider
Channel
Contact
EQS Group Ltd., Switzerland
switzerland.eqs.com


newsbox.ch
www.newsbox.ch


Provider/Channel related enquiries
cs.switzerland@eqs.com
+41 41 763 00 50