Zevra Therapeutics Appoints Neil F. McFarlane as President, Chief Executive Officer and Director
"Neil’s appointment as President and Chief Executive Officer is the culmination of a thorough process undertaken by the Board of Directors and comes at a pivotal time for our Company. His successful track record of leading innovative companies through periods of strategic change, and enhancing value to patients, employees and shareholders will be of tremendous importance to Zevra as we deliver much-needed therapies to the rare disease community,” stated
“I am honored to lead an organization that plays such a crucial role in patients’ lives. I admire how the team at Zevra has advanced products to market, developed a meaningful pipeline and continues to execute their business development strategy. I look forward to joining this talented team of professionals who are poised to accelerate our mission to deliver new therapies to the rare disease community,” said
“Neil is an excellent fit for our organization and will play a key role in Zevra’s continued growth, including maximizing the value of our development pipeline and executing on the commercial opportunities ahead for the Company,” said
Neil joins Zevra with over 25 years of global biopharmaceutical and life sciences experience delivering value to patients suffering from serious illnesses. He most recently served as the Chief Executive Officer and a member of the Board of Directors of
Neil previously served as an officer and enlisted soldier in the
The option and restricted stock units were granted as inducements material to the executive entering into employment with Zevra in accordance with Nasdaq Rule 5635(c)(4). The Inducement Award Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Zevra, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Zevra, pursuant to Nasdaq Rule 5635(c)(4).
About Zevra Therapeutics:
Zevra Therapeutics is a rare disease company melding science, data, and patient need to create transformational therapies for diseases with limited or no treatment options. With unique, data-driven clinical, regulatory, and commercialization strategies, the Company is overcoming complex drug development challenges to bring much-needed therapies to patients. With both regulatory and clinical stage product candidates, the Company is building its commercial capability to make new therapies available to the rare disease community.
Cautionary Note Concerning Forward-Looking Statements:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and which can be identified by the use of words such as "may," "will," "expect," "project," "estimate," "anticipate," "plan," "believe," "potential," "should," "continue," "could," "intend," "target," "predict," or the negative versions of those words or other comparable words or expressions, although not all forward-looking statements contain these identifying words or expressions. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements include without limitation statements regarding our strategic, product development, and growth objectives, including with respect to becoming a leading, commercially-focused rare disease company. Forward-looking statements are based on information currently available to Zevra and its current plans or expectations. They are subject to several known and unknown uncertainties, risks, and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the “Risk Factors” section of Zevra’s Annual Report on Form 10-K for the year ended
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