IRLAB Appoints Kristina Torfgård as New CEO

GOTHENBURG, SE / ACCESSWIRE / May 27, 2024 / IRLAB Therapeutics (STO:IRLAB-A)(FRA:6IRA) Gothenburg, Sweden. May 27, 2024 - IRLAB Therapeutics AB (Nasdaq Stockholm: IRLAB A) - a company discovering and developing novel treatments for Parkinson's disease - announces today that its Board of Directors has appointed Kristina Torfgård as the new Chief Executive Officer. She will take up the position on August 1, succeeding Gunnar Olsson who thereafter will continue his engagement with the company in his role as a Board director. Kristina Torfgård has over 30 years of experience from leading roles in the pharmaceutical and biopharmaceutical industry. Her most recent position was as CEO of Alzinova; a listed biopharma company active in neurodegenerative diseases.

"As previously announced, we have been searching for a successor to Gunnar Olsson and we are now very happy to welcome Kristina Torfgård as the new CEO of IRLAB. During Gunnar Olsson's time as CEO, the company has successfully advanced its project portfolio, and we can proudly state that it is now among the world's broadest and most mature in the Parkinson's disease field. Kristina's top priority will be to, in close collaboration with the rest of the management team, continue to develop the business in line with the company's strategy by identifying and developing first-in-class drug candidates through clinical Proof-of-Concept and subsequently establishing attractive partnering or out-licensing agreements," says IRLABs Chairman of the Board, Carola Lemne.

Kristina Torfgård has extensive experience in executive management, drug development, regulatory affairs and licensing with major international pharmaceutical companies, including in the field of neurodegenerative diseases. During her time at AstraZeneca, she held senior positions in both early and late-stage R&D and was globally responsible for marketed products. At the biopharmaceutical company Albireo AB/Pharma Inc, she worked as VP Clinical & Regulatory Affairs and VP Global Project Head. Most recently, she was CEO of Alzinova AB (Nasdaq First North Growth Market: ALZ), where she built up the company to bring drug candidates for Alzheimer's disease to the market through partnering. Kristina is a pharmacist and holds a PhD in Medical Science from Linköping University. She is a Board director of GU Ventures, the holding company at the University of Gothenburg.