NovaMedica appoints Alexander Kuzin as General Director (CEO)
Print 29 May 2017
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Russian pharmaceutical company NovaMedica, a portfolio company of RMI, announces the appointment of Alexander Kuzin to the post of General Director (CEO). This decision has taken unanimously by the Board of Directors of NovaMedica on May 26, 2017.
Alexander Kuzin is a professional with more than 20 years of experience in the pharmaceutical market.
Over the past five years RMI and Domain Associates, have created a bright ambitious company NovaMedica, which promotes innovative developments from the RMI venture capital portfolio and has already started creating a number of its own R&D drugs. In April 2017 NovaMedica opened an innovative Technology Center, in launching of which Moscow mayor Sergei Sobyanin took part. In 2016 NovaMedica became a strategic partner of Pfizer – one of the largest pharmaceutical companies in the world. The professional community recognized this cooperation as the deal of the year in the contest of the national industry prize “Platinum ounce”. On May 30, NovaMedica starts a construction of an injection pharmaceutical plant in the Kaluga region, where more than 30 life-saving and essential for Russia drugs from Pfizer's portfolio will be produced. The last two years Alexander Kuzin actively participated in the development of NovaMedica having earned the respect of colleagues and shareholders.
Anatoly Chubais, Chairman of the Executive Board of RUSNANO:
“We are proud of this project, NovaMedica is an important part of the portfolio of RMI LLC. One of the brightest innovative pharmaceutical companies in Russia has been built from scratch under the management of RMI during 5 years, and we are grateful to RMI for this. We know Alexander Kuzin firsthand and sincerely wish him success. We are very pleased that the internal candidate has come to the first position and that we are able to grow the strongest staff in NovaMedica and create continuity in management”.
Tatyana Saribekyan, CEO of Domain Russia Investments and Member of the Board of Directors of NovaMedica:
“Domain Associates is one of the first and largest venture capital funds in the life science sector in the world. We have invested to the development of NovaMedica our experience of several decades and we are very proud that with our help NovaMedica has grown into a serious, promising and dynamically developing company and has become a key partner of Pfizer, one of the largest companies in the global pharmaceutical market”.
Alexander Kuzin, CEO of NovaMedica:
“I am grateful to shareholders and RMI Partners for their comprehensive support and trust. I really love this project and I think it is of fundamental importance to fulfill all the tasks set before me and the team of NovaMedica. Overcoming of ever higher bars gives a feeling of drive and moves forward. I am sure that NovaMedica will become one of the key players in the new Russian pharma. I dream of making progress for the benefit of NovaMedica, its shareholders and our country”.
The position "General Director" is introduced for the first time in the company..
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NovaMedica is a modern Russian pharmaceutical company founded in 2012 by Domain Associates LLC, leading U.S. venture capital firm, and RUSNANO, JSC (RUSNANO controls 50% of NovaMedica shares through the venture fund RusnanoMedInvest). NovaMedica's strategy is aimed at search, registration and localization in Russia of intellectual property rights for innovative pharmaceuticals products and technologies, as well as at development and implementation of own R&D projects.
NovaMedica owns intellectual property rights within Russia and the CIS on innovative developments from the portfolio of the RusnanoMedInvest venture fund. Today NovaMedica’s pipeline already has 36 IP for preparations for antiviral and anti-inflammatory therapy, treatment of ophthalmic diseases and epilepsy, innovative technologies for detection of oncological and infectious diseases. Also NovaMedica is working on creation of a number of its own products. R&D department of the company plans to develop about 15 innovative drugs until 2022. These are drugs for treatment of diseases in the field of gastroenterology, pain management, neurology, ophthalmology and rheumatology.
In April 2017 NovaMedica opened the Technological Center with a complex of R&D laboratories and pilot production in Technopolis “Moscow”. The Technological Center has the latest technological capabilities previously unavailable in the Russian pharmaceutical industry. The company also has a developed infrastructure for promoting and selling pharmaceutical products.
Read more about us on www.novamedica.com, follow us on Facebook and LinkedIn.
Contacts for media: Tatiana Albaut , +79175451241
Domain Ruissia Investment -is a company founded by Domain Associates LLC for promotion of innovative developments and technologies in the field of pharmaceuticals on the Russian market. DRI plays an important role in cooperation between Domain Associates and RUSNANO participating in the process of transfer of intellectual property rights to innovative drugs and technologies for their production in Russia.
Domain Associates - is an American company founded in 1985; it is one of the most recognized management companies of venture funds specializing in creation of medical products and technologies. More than 260 projects have been created and financed during its existence. Currently assets worth $ 2.7 billion are under the management of Domain Associates, and the investment portfolio consists of more than 50 companies. The company's main offices are in Princeton (New Jersey) and San Diego (California).
Domain Associates focuses on three investment segments: pharmaceuticals, development of special drugs and development of medical equipment, while the additional sphere of the company's interests includes development of biomaterials, medical and biological equipment and diagnostics.
Domain Associates invests mainly in new areas of Life Science with great business growth potential, looking for companies with outstanding technological developments aimed at areas of medicine with a potentially large market, in which there is unmet demand, problems that do not have a solution. This is the key to successful investment management. More information – www.domainvc.com
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The RMI group has completed sertain projects
The RMI Group has exited from the capital of portfolio companies:
Marinus Pharmaceuticals, Inc.,
Syndax Pharmaceuticals, Inc.,
Atea Pharmaceuticals, Inc.