DBV Technologies Transitions with Board Member Departure
DBV Technologies Announces Board Changes
DBV Technologies (NASDAQ: DBVT) is a distinguished clinical-stage biopharmaceutical company specializing in innovative treatments for food allergies and immunological conditions. Today, the company made headlines by announcing the resignation of Daniel Soland from its Board of Directors. His departure is effective immediately, leading to a transition within the Board.
Appreciation for Contributions
In expressing gratitude, Michel de Rosen, Chairman of the Board, praised Daniel Soland for his dedication and invaluable contributions since he joined the Board in 2015. De Rosen emphasized Soland's deep insights and expertise, particularly benefiting the Board and its Compensation Committee. The Chairman conveyed heartfelt wishes for Soland's continued success in his future endeavors.
Reflections from Daniel Soland
In a statement reflecting on his time with DBV Technologies, Soland expressed his gratitude, saying, "It has been a pleasure to serve on the Board and collaborate with the outstanding DBV management team." His note highlights his excitement regarding the VIASKIN® Peanut patch, a groundbreaking approach aimed at providing essential therapy to children diagnosed with peanut allergies.
The Future of the Board
The Board of Directors will continue its functions with the remaining nine members as they seek to fill Soland's vacant position. The Nomination and Governance Committee will deliberate on the timing and method for appointing a new member, who will subsequently be ratified by the Company's shareholders during the upcoming Annual General Meeting.
Understanding DBV Technologies
DBV Technologies is committed to addressing the serious medical need for effective food allergy treatments. The company's innovative approaches utilize the proprietary VIASKIN® technology, focusing on epicutaneous immunotherapy (EPIT). This technique aims to treat food allergies by delivering small amounts of a biologically active compound through the skin, thereby training the immune system to tolerate specific allergens.
Clinical Trials and Ongoing Research
DBV Technologies continues to engage in various clinical trials aimed at children aged 1 to 7 years who suffer from peanut allergies. Their commitment to developing safe and effective treatments is reflected in their rigorous approach to research and clinical testing.
Headquarters and Operations
DBV Technologies operates from its headquarters in Châtillon, France, along with North American operations situated in Warren, NJ. The company is publicly traded on segment B of Euronext Paris under the ticker symbol DBV. Additionally, DBV's American Depositary Shares (ADSs) are available on the Nasdaq Capital Market with the ticker DBVT.
Connect with DBV Technologies
For those interested in learning more about DBV Technologies, visit their official website, which offers comprehensive insights into their research, products, and ongoing initiatives. Engaging with the company through their social media channels can also provide updates on their latest efforts in the biopharmaceutical landscape.
Frequently Asked Questions
1. What prompted the resignation of Daniel Soland from the Board?
Daniel Soland's resignation from the Board of DBV Technologies is a personal decision, reflecting a transition as the company moves forward with its strategic goals.
2. What is the significance of the VIASKIN® Peanut patch?
The VIASKIN® Peanut patch represents an innovative approach to treating peanut allergies, potentially transforming lives through non-invasive therapy.
3. How will DBV Technologies fill the vacancy left by Soland?
The Board will evaluate the process for appointing a new member, which will then be subject to shareholder approval in the next Annual General Meeting.
4. What are the ongoing clinical trials for DBV Technologies?
DBV Technologies is conducting clinical trials focusing on the effectiveness of the VIASKIN® Peanut patch in children aged 1 to 7 years.
5. How can I learn more about DBV Technologies operations?
Visit the official DBV Technologies website or follow them on their social media channels for the latest updates and insights.
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