GlobeNewswire by notified

Sequana Medical announces results of Extraordinary General Meeting of Shareholders

Share

PRESS RELEASE
REGULATED INFORMATION
10 November 2023, 06:00 pm CET

Ids van der Weij appointed as non-executive director

Ghent, Belgium – 10 November 2023– Sequana Medical NV (Euronext Brussels: SEQUA) (the "Company" or "SequanaMedical"), a pioneer in the treatment of fluid overload in liver disease, heart failure and cancer, today announces that all proposed resolutions submitted to the Extraordinary General Meeting of Shareholders were approved at the meeting held today at 09:00 am CET.

The items on the agenda of the meeting included the appointment of Ids van der Weij as non-executive director of the Company, the renewal of the authorization to the Board of Directors to increase the share capital within the framework of the authorized capital and the application of Article 7:228 of the Belgian Companies and Associations Code. The minutes of the shareholders' meeting can be accessed on the Company's website.

Ids van der Weij is Managing Partner of Partners in Equity V ("PiE V"), a private investment firm focusing on, among others, life sciences. Ids has spent more than 25 years of his career working in Private Equity and Venture Capital. Before PiE V, he was, among others, CEO of Friesland Bank Investments, Managing Partner of Ondernemend Oranje Kapitaal, board member of the Nederlandse Vereniging van Participatiemaatschappijen and member of the supervisory board of, among others, Arboned and Opthec. Besides PiE V, he is currently a (non-executive) director at Diceros Therapeutics and member of the supervisory board of Micreos B.V. He started his career at ABN AMRO NV, after completing his Business Administration studies at the University of Groningen.

Pierre Chauvineau, Chairman of Sequana Medical's Board of Directors, commented: “We are delighted to welcome Ids to our Board of Directors. With more than 25 years of corporate investment experience, he brings a wealth of knowledge and expertise that will prove invaluable as we continue to grow our business and build towards the commercial launch of our alfapump in North America and successful trial results with our DSR therapy in heart failure.”

Commenting on his appointment, Ids van der Weij added: “Sequana Medical’s alfapump and DSR programs have the potential to deliver tremendous benefit to patients and healthcare systems as well as create significant value for shareholders and I’m very excited about the progress made to date. I look forward to working with management and the Board of Directors and contributing to the Company’s growth in the next phase of its development.”

For more information, please contact:

Sequana Medical

Lies Vanneste
Director Investor Relations
E: IR@sequanamedical.com
T: +32 (0)498 053579

About Sequana Medical

Sequana Medical NV is a pioneer in treating fluid overload, a serious and frequent clinical complication in patients with liver disease, heart failure and cancer. This causes major medical issues including increased mortality, repeated hospitalizations, severe pain, difficulty breathing and restricted mobility. Although diuretics are standard of care, they become ineffective, intolerable or exacerbate the problem in many patients. There are limited effective treatment options for these patients, resulting in poor clinical outcomes, high costs and a major impact on their quality of life. Sequana Medical is seeking to provide innovative treatment options for this large and growing “diuretic-resistant” patient population. alfapump® and DSR® are Sequana Medical's proprietary platforms that work with the body to treat diuretic-resistant fluid overload, delivering major clinical and quality of life benefits for patients and reducing costs for healthcare systems.

The Company has reported positive primary and secondary endpoint data from the North American pivotal POSEIDON trial of the alfapump in recurrent or refractory ascites due to liver cirrhosis and is on track to file a Pre-Market Approval (PMA) application with the FDA by year end.

The Company has reported first results from MOJAVE, the US randomized controlled multi-center Phase 1/2a clinical trial of DSR 2.0 seeking to confirm the strong efficacy seen in the RED DESERT and SAHARA studies. The first two patients have been successfully treated with DSR 2.0, and top-line data from all of the first three patients is expected by year end. Sequana Medical recently reported that a detailed biomarker analysis of RED DESERT and SAHARA patients indicates DSR’s mechanism of action as breaking the vicious cycle of cardiorenal syndrome.

Sequana Medical is listed on Euronext Brussels (Ticker: SEQUA.BR) and headquartered in Ghent, Belgium. For further information, please visit www.sequanamedical.com.

Important Regulatory Disclaimers

The alfapump® system is currently not approved in the United States or Canada. In the United States and Canada, the alfapump system is currently under clinical investigation (POSEIDON Trial) and is being studied in adult patients with refractory or recurrent ascites due to liver cirrhosis. DSR® therapy is still in development and it should be noted that any statements regarding safety and efficacy arise from ongoing pre-clinical and clinical investigations which have yet to be completed. There is no link between DSR therapy and ongoing investigations with the alfapump system in Europe, the United States or Canada.

Note: alfapump® and DSR® are registered trademarks.

Forward-looking statements

This press release may contain predictions, estimates or other information that might be considered forward-looking statements.
Such forward-looking statements are not guarantees of future performance. These forward-looking statements represent the current judgment of Sequana Medical on what the future holds, and are subject to risks and uncertainties that could cause actual results to differ materially. Sequana Medical expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release, except if specifically required to do so by law or regulation. You should not place undue reliance on forward-looking statements, which reflect the opinions of Sequana Medical only as of the date of this press release.

Attachments

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Response to media reports about data theft27.2.2024 10:34:27 CET | Press release

Over the past days Danish media have reported stories about a theft of source code involving Netcompany Denmark. We can confirm one single incident involving a simple theft of Netcompany Denmark source code and user manuals. We can refute that the incident is a ransomware attack. The data theft has not affected Netcompany or our customer’s operations and services. We know how the theft has occurred, the extent of the theft, and that the theft resides around source code and user manuals for Netcompany tools. Since the simple theft was discovered, we have worked in close collaboration with authorities and have implemented additional mitigating actions to ensure a continued high level of security in our production systems landscape. We have taken necessary precautions that ensure the stolen files cannot be used to gain unauthorized access to any system. In Denmark, Netcompany runs several government core systems however, the stolen files cannot be used to gain unauthorised access or compr

IDEX Biometrics ASA – Invitation to presentation of fourth quarter and preliminary results for 202327.2.2024 10:30:00 CET | Press release

Oslo, Norway – 27 February 2024 - IDEX Biometrics will publish its interim report for the fourth quarter and preliminary results for 2023 on Thursday 29 February at 08:00 CET. The interim report will also be available on the company’s website: www.idexbiometrics.com. Webcast: There will be a webcast on Thursday 29 February 2024 at 09:00 CET. The presentation will be held by Vince Graziani, Chief Executive Officer, and Catharina Ekløf, Chief Commercial Officer. The presentation file will be available at www.idexbiometirics.com, and the webcast presentation can be viewed using the following link: https://idexbiometrics.videosync.fi/q4-2023/ For further information contact: Marianne Bøe, Head of Investor Relations E-mail: marianne.boe@idexbiometrics.com Tel: + 47 918 00186 About IDEX Biometrics IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring

Belships ASA: Mandatory notification of trade27.2.2024 10:15:00 CET | Press release

Oslo, 27 February 2024 AS Torinitamar, which is closely associated with Lars Christian Skarsgård, CEO in Belships ASA, has today acquired 50 000 shares in Belships ASA at a price of NOK 20.61 per share. After the acquisition Skarsgård and AS Torinitamar combined own 950 000 shares and 5 000 000 options in Belships ASA. See further details in the attached form. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19. Attachment Notification of transaction by Primary Insider

Placeringsforeningen Nykredit Invest suspenderer handel med alle afdelinger27.2.2024 10:12:04 CET | pressemeddelelse

Nykredit Portefølje Administration A/S har anmodet Nasdaq Copenhagen om suspension af fonde, som administreres af Nykredit Portefølje Administration A/S. Det skyldes, at det grundet tekniske udfordringer ikke er muligt at stille NAV. Suspensionen vil blive ophævet, når det igen er muligt at stille korrekte priser. Følgende afdeling er omfattet af suspensionen: ISINAfdelingOrderbook CodeDK0060231777Nykredit Invest Danske FokusaktierNYKDFA Eventuelle spørgsmål vedrørende denne meddelelse kan rettes til npa.pm@nykredit eller JNA@nykredit.dk Med venlig hilsen Nykredit Portefølje Administration A/S Tage Fabrin-Brasted

HiddenA line styled icon from Orion Icon Library.Eye