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Company Profile Board of Directors Advisors
Company Profile
The development of a new drug costs roughly 800 M.USD. This huge investment has to cover both the development of the drug itself and the cost of unfruitful work. Dead-ends can represent up to 80% of the total cost of a successful drug. Major challenges in the drug development process are (1) to reduce high failure rates due to faulty candidate selection and false positives and (2) to identify all the potential candidates among the false negatives.
There are thus great potential savings to be realized by making development more efficient. To help make these savings, genOway designs, develops and markets technologies and proprietary innovative genetically modified biological models. These solutions aim to increase the predictability and throughput of research in target validation, drug screening and pharmacological - toxicological studies.
Board of Directors
Dr Alexandre Fraichard
Michel G. Lurquin
Jean-Claude Lévêque
Ingrid Rayez (represents CDC Entreprises Innovation)
Stéphane Huguet
Robert Léon ( represents FINOWAY/QUALIS SCA)
Alexandre Fraichard - MBA HEC – CEO
French. Earned his Ph.D. at the Ecole Normale Supérieure de Lyon in Molecular and Cellular Biology in 1997. Worked for five years on animal models at the ENS where he produced the first model of hypothyroidism and co-founded the Transgenetic Center.
Did an MBA (1998-1999) at the HEC business school (Paris, France) and co-founded genOway in 1999.
Michel G. Lurquin
Belgian. Former Director & Vice President Europe for Technical Operations at SmithKlineBeecham.
Currently Senior Vice President of UCB covering Global Technical & Supply Operations (manufacturing, purchasing and supply activities worldwide as well as chemical and pharmaceutical development).
Former Expert with the EBRD (European Bank for Reconstruction and Development), during his career with SmithKlineBeecham filled a number of positions in Regulatory, Quality and Technical Operations. Has been actively participating in the development of other start-ups in the healthcare sector such as Bioprofile and is also currently associate and Non Executive Director of BioMethodes.
Jean-Claude Lévêque
French. Graduated from HEC and has an MBA in international finance. During time with the CIC (Credit Industriel et Commercial) between 1984 and 1986 originated the first FCPR in France. In 1990 joined Innovacom, an investment fund of France Telecom specialized in financing high-tech start-ups. From 1997 to 1998, Senior Vice-President in charge of foreign merger and acquisition operations. Member of the board of Vision Numeric, Decan, Arche Communications, Business Objects and Infovista.
Joined Dassault Developpement in 1998 as partner.
Secretary of the French Association for the Development of Cellular and Vascular Biology.
Ingrid Rayez, represents CDC Entreprises Innovation
French. Graduated from the Institut Supérieur de Technologie et Management (ISTM). She was a life sciences analyst for the London office of the investment bank “Friedman, Billings, Ramsey”. From 2001 to 2003, Ingrid Rayez serves the Compagnie Financière Edmond de Rothshild as a life sciences analyst. She joined CDC Entreprises Innovation in 2003.
Stéphane Huguet
A French and Canadian citizen, trained as an emergency care physician and later graduated with the MBA from INSEAD, France. He held several managerial positions in the pharmaceutical industry, first with Novartis in Switzerland and in the USA, where he was responsible for the bone metabolism Business Unit and then with Fournier Pharma as Director of Global Marketing and CEO of the Canadian subsidiary. In the late nineties, S. Huguet was recruited as President of Phoenix international, the largest bio analytical and phase I/II CRO in the world, which was listed on the NYSE. After the take over of Phoenix by MDS pharma services, S Huguet came back to France as CEO of Mutabilis, a biotechnology company, based out of Necker hospital in Paris. In his career aside from demonstrating general management abilities, Dr Huguet was responsible for submitting three registration files which were approved by the regulatory authorities, one with the FDA, one with the HPB and one with the CPMP commission. Most recently he raised 8 millions euros from venture capital to finance Mutabilis drug discovery programs. Currently Dr Huguet, who serves on the board of several companies, is the founder and CEO of smaXY (satellite management assistant XY) a start up developing tools to improve the productivity of the pharmaceutical field forces.
Advisors
Auditor & legal advisor Price Waterhouse Coopers have been the company’s auditor since the creation of genOway.
Patent attorney M. Warcoin CEO of Cabinet Regimbeau, a leading European patent attorney is advising the company on its intellectual property policy including patents, licensing out and licensing in.
Transgenics (rat and mouse gene modification): knockout mouse (KO mouse), knock in mice (KI mice) and transgenic mouse
genOway, service provider in transgenesis for customized genetically modified mice and rats: gene overexpression, gene knockdown, gene knockout, etc.
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