Immunovia Begins Search for Chief Financial Officer to Expand US Reach

Immunovia Launches Search for New CFO Amid US Expansion

Immunovia, a prominent player in pancreatic cancer diagnostics, is taking significant steps towards its commercial growth in the United States. The company recently announced its decision to search for a new Chief Financial Officer (CFO) to bolster its financial leadership during this crucial phase.

Shift in Leadership to Meet Market Demands

As Immunovia prepares to launch its advanced pancreatic cancer diagnostic test, the demand for new financial oversight becomes critical. The transition towards commercialization necessitates a CFO with extensive experience in the diagnostics or medical technology sectors, along with a strong network within the US healthcare industry and the global capital markets.

The Importance of Experience

In today's dynamic healthcare environment, finding a financial leader who understands the unique challenges of the diagnostics field is vital. Immunovia seeks an individual with a proven history of working effectively across different markets, particularly in the USA. This role is not just about management; it's about strategic vision and capitalizing on opportunities that can drive the company's growth forward.

Transition of Current CFO

With this announcement, Immunovia also confirmed that its current CFO, Karin Almqvist Liwendahl, will be stepping down. Her tenure has been marked by significant organizational transformation, and her efforts in streamlining costs and improving operational efficiency have been commendable.

Appreciation for Past Contributions

Jeff Borcherding, the CEO of Immunovia, expressed his gratitude towards Karin, highlighting her pivotal role in the company's development. “Karin has played an important role in the transformation of Immunovia over the last three years,” said Borcherding. He acknowledged her contributions to reducing operational costs and cash burn, emphasizing the importance of her leadership during an essential growth period.

Future Aspirations and Leadership Interim

Karin will continue to serve as CFO until the end of the first quarter, ensuring a smooth leadership transition. During this interim period, both Jeff Borcherding and other finance team members will take on the responsibilities of financial oversight, assuring stakeholders of the company's continued commitment to excellence.

About Immunovia and Its Mission

Immunovia AB is dedicated to fundamentally changing outcomes for patients diagnosed with pancreatic cancer. With a mission to increase survival rates through early detection, the company is focused on developing easy-to-use blood tests. These tests aim to identify proteins and antibodies that suggest a patient may be at high risk for pancreatic cancer. Collaborations with healthcare providers, leading experts, and patient advocacy groups are key parts of their strategy to improve diagnostic accessibility.

Market Potential on a Large Scale

The USA stands as the largest market for pancreatic cancer detection solutions. Immunovia estimates that approximately 1.8 million individuals in the country are at high risk and could substantially benefit from annual surveillance testing. The company's shares are traded under the ticker symbol IMMNOV on Nasdaq Stockholm, spotlighting its significance in the diagnostic field.

Frequently Asked Questions

1. What prompted Immunovia to search for a new CFO?

Immunovia is focusing on the US market for the commercialization of its pancreatic cancer diagnostic test, necessitating new financial leadership with relevant experience.

2. What qualifications is Immunovia looking for in a new CFO?

The ideal candidate should have experience in the diagnostics or medical technology field, connections in the US healthcare market, and a successful track record with capital markets.

3. Who is currently managing Immunovia's financial operations?

Jeff Borcherding, the CEO, along with other finance team members, will assume financial responsibilities during the search for a new CFO.

4. What has been the contribution of the outgoing CFO, Karin Almqvist Liwendahl?

Karin has played a significant role in organizing the company, reducing costs, and improving overall financial health during her tenure.

5. How does Immunovia plan to enhance its diagnostics for pancreatic cancer?

Immunovia is focused on simplifying blood tests for early detection, collaborating with healthcare networks to ensure broader access and efficacy of its testing solutions.

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