Business Wire

Frédéric PELONG, Chief Financial Officer, Joins the Valbiotis Board of Directors

Share

Regulatory News:

Valbiotis (FR0013254851 - ALVAL, PEA/SME eligible) (Paris:ALVAL), a Research and Development company committed to scientific innovation for preventing and combating metabolic and cardiovascular diseases, announces the appointment of Frédéric PELONG to the Company’s Board of Directors.

Frédéric PELONG joined Valbiotis on June 1 as Chief Financial Officer to support the Company’s expansion. His arrival comes at a key moment in Valbiotis’ history as it approaches its commercialization phase, with the upcoming market release of TOTUM•63 as part of a strategic partnership with Nestlé Health Science and of TOTUM•70, expected no later than the first half of 2024.

Frédéric PELONG aged 48, brings a wealth of experience in finance, acquired over more than twenty years working for mid-caps and major international groups managing high-profile brands. Former Financial Audit Manager at E&Y, Frédéric PELONG then held various cross-functional financial positions at Pernod Ricard before becoming Chief Financial Officer of the Swiss subsidiary. He was subsequently appointed Chief Financial Officer of the Christofle Group, and more recently Audika. Over his career, he has acquired a solid expertise in supporting growth and development in new markets, mastering a wide variety of business models. Frédéric PELONG is a graduate of Kedge and holds a DECF accounting and financial diploma.

Frédéric PELONG, Chief Financial Officer and member of the Valbiotis Board of Directors, comments: “Having started out working for various large groups, I’m delighted to be embarking on the Valbiotis adventure. Valbiotis is a company that holds great potential and is entering a pivotal phase in its history, with the imminent marketing of products with scientifically proven efficacy. I’m particularly pleased to have the opportunity to use my expertise to spur these developments because the Company’s mission, which is to prevent metabolic and cardiovascular disease through the use of plant-derived active substances, is in line with my personal beliefs about what the medicine of tomorrow should look like”.

Sébastien PELTIER, Chairman of the Board of Directors at Valbiotis, says: “Frédéric’s solid financial expertise and impressive international skills are valuable assets that will help us along our path, with developments set to accelerate in the coming months as our R&D-focused Company begins its transition to a revenue-generating model, more in line with patients’ needs. I’m very happy to welcome him at what is a particularly exciting time for Valbiotis.

Laurent LÉVY, Chairman of the Nanobiotix Executive Board and of the Valbiotis Supervisory Board, adds: “I speak on behalf of the entire Supervisory Board when I say that I’m delighted with Frédéric PELONG’s appointment to the Valbiotis Board of Directors. His experience acquired working for large international groups and his in-depth operational and strategic knowledge of financial management will be decisive in spurring Valbiotis’ growth.”

About Valbiotis
Valbiotis is a Research & Development company committed to scientific innovation for preventing and combating metabolic and cardiovascular diseases in response to unmet medical needs.
Valbiotis has adopted an innovative approach, aiming to revolutionize healthcare by developing a new class of health nutrition products designed to reduce the risk of major metabolic diseases, relying on a multi-target strategy enabled by the use of plant-based terrestrial and marine resources.
Its products are intended to be licensed to players in the health sector.
Created at the beginning of 2014 in La Rochelle, the Company has forged numerous partnerships with leading academic centers. The Company has established three sites in France – Périgny, La Rochelle (17) and Riom (63) – and a subsidiary in Quebec City (Canada).
Valbiotis is a member of the "BPI Excellence" network and has been recognized as an "Innovative Company" by the BPI label. Valbiotis has also been awarded "Young Innovative Company" status and has received major financial support from the European Union for its research programs via the European Regional Development Fund (ERDF). Valbiotis is a PEA-SME eligible company.
For more information about Valbiotis, please visit: www.valbiotis.com

Name: Valbiotis
ISIN Code: FR0013254851
Ticker symbol: ALVAL
EnterNext© PEA-PME 150

This press release contains forward-looking statements about Valbiotis’ objectives. Valbiotis considers that these projections are based on rational hypotheses and the information available to Valbiotis at the present time. However, in no way does this constitute a guarantee of future performance, and these projections may be affected by changes in economic conditions and financial markets, as well as certain risks and uncertainties, including those described in the Valbiotis Universal Registration Document filed to the French Financial Markets Regulator (AMF) on May 19, 2022. This document is available on the Company’s website (www.valbiotis.com).
This press release and the information it contains do not constitute an offer to sell or subscribe, or a solicitation to purchase or subscribe to Valbiotis’ shares or financial securities in any country.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Corporate communication / Valbiotis
Carole ROCHER
Communication and Public Affairs Director
+33 6 77 82 56 88

Marc DELAUNAY
Communication Manager
+33 5 46 28 62 58
media@valbiotis.com

Financial communication / Actifin
Stéphane RUIZ
Associate Director
+33 1 56 88 11 14
sruiz@actifin.fr

Media relations / PrPa
Damien MAILLARD
Operational Director
+33 6 80 28 47 70
damien.maillard@prpa.fr

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

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

Latest releases from Business Wire

Media Alert: Prosimo to Exhibit at the Gartner® IOCS Conference 2022 and Present the Power of Single Architecture for Simplifying Multicloud Networking6.12.2022 17:24:00 CET | Press release

Prosimo, the Application Experience Infrastructure company, is demonstrating (Booth #511) its full-stack solution for simplifying multi-cloud networking at Gartner IT Infrastructure Operations & Cloud Strategies conference, taking place December 6-8th in Las Vegas. The company plans to present a customer case example of the advantages of using a single network infrastructure for its cloud computing services. The Gartner Market Guide for Multicloud Networking Software encourages I&O leaders responsible for cloud and edge infrastructure to “prefer the native capabilities of the cloud providers when starting out, and avoid forklifting data center networking designs and vendors in the public cloud, because this will lead to integration and cost inefficiencies.”1 And to “invest in MCNS when a consistent set of broader, “full-stack” Level 3 through Level 7 networking and network security capabilities (e.g., routing, DNS, CDN, WAF, firewall, and observability) via a single management platform

Fortius Metals Raises Seed Round of $2M from AM Ventures to Bring Advanced Metal 3D Printing to the Aerospace Industry6.12.2022 17:00:00 CET | Press release

Fortius Metals, Inc., an innovative metal 3D printing company, has announced today that it has closed on a priced seed financing round with AM Ventures. The $2M round will be used to scale manufacturing capacity, grow the company and accelerate its go-to-market strategy. Fortius Metals is a large format additive manufacturing company that specializes in advanced materials to help customers develop solutions previously not possible with robotic 3D printing. Fortius Metals’ patented technology will enable welding and 3D wire fabrication using high performance metal alloys to meet the exacting demands of aerospace customers and robotic welding fabricators. AM Ventures, the foremost venture capital firm for the additive manufacturing sector, focuses solely on startups built around industrial-grade 3D printing offerings, including hardware, software, materials, and applications. AM Ventures’ portfolio includes an elite group of 17 companies engaged in 3D printing, out of over 2,400 start-up

SonarSource Posts Record Growth with its Clean Code Solution in 20226.12.2022 17:00:00 CET | Press release

SonarSource, the leading provider of Clean Code solution, today announced record growth in developer and enterprise customer adoption. With a 43% growth in its user base, SonarSource supports more than 400,000 organizations and seven million users. The Sonar solution leads the industry with total analyzed code – which now tops more than half a trillion lines of code for organizations across the world. By adding 5,000 paying customers in 11 months, Sonar now supports 21,000 enterprise customers including over 75% of Fortune 100 and nearly half of Fortune 500 companies. Much of this progress transpired on the heels of the Company closing a $412 million funding round, which brought its valuation to $4.7 billion. SonarSource’s massive momentum is driven by the recognition from enterprises everywhere that Clean Code is an organizational imperative for long-term competitiveness and market success. A Rapid Pace of Innovation With a laser focus on empowering developers to deliver Clean Code, S

Large crowds come together in Sharjah to celebrate the UAE’s 51 st National Day6.12.2022 16:02:00 CET | Press release

Sharjah's celebrations of the 51st UAE National Day were concluded which attracted an audience of multiple nationalities, both residents and foreign visitors, over a period of 10 days to participate in a range of activities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221206005624/en/ Part of the National Day activities in Sharjah (Photo: AETOSWire) From November 24 to December 3, 2022, Sharjah's cities and major tourist and cultural destinations including Al Majaz Amphitheater, Sharjah National Park, Maliha Public Park, Dibba Al Hisn, Khorfakkan Amphitheater, to Wadi Al Helo and various areas of Kalba, and parks and residential areas in Al Bataeh, various areas of Al Madam, Al Dhaid Fort, to the Heritage Village in Al Hamriyah, hosted celebrations to commemorate the achievements of the nation on the 51st National Day. His Excellency Khaled Jassim Al Midfa, Chairman of Sharjah National Day Celebrations Committee, commende

Ledger Launches Ledger Stax, Designed by Tony Fadell6.12.2022 16:00:00 CET | Press release

Ledger, the world leader in critical digital asset security, has teamed up with Tony Fadell, builder of the iPod1, to bring clarity and confidence to owning digital value. Ledger Stax™ is a usable way for you to take control of cryptocurrency and digital collectibles. It’s built on uncompromisingly secure architecture, and introduces a unique form designed for unprecedented accessibility and interactivity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221206005695/en/ Ledger Launches Ledger Stax, Designed by Tony Fadell (Photo: Business Wire) Ledger Stax has a new E Ink2 display, which covers the front and curves around the spine—you can view complete transaction details at a glance. E Ink is always viewable: your favorite art appears on the Ledger Stax screen, even when it is off. It also provides unmatched energy efficiency, so the battery can last for weeks or even months on one battery charge. “With the Ledger Nano™ ser