Medherant, a specialist in next-generation transdermal drug delivery, announced the appointment of a new senior executive, David Davies, as Head of Development.
This appointment marks a significant expansion of the company’s management team to support the business as it moves into clinical development of its ibuprofen TEPI Patch.
Davies brings more than 30 years’ experience in pharmaceutical and medical device product development, in both small and large pharmaceutical companies, as well as at a senior level in global contract research organisations.
He has held a variety of development roles, most recently as Lead Consultant at DDPC for three years and prior to that as Chief Development Officer at Futura Medical, where he was responsible for growth and development of the product pipeline from idea through to regulatory approvals.
He was part of the senior management team that took the company through to its admission to AIM, helping to grow the company from angel investment to a market capitalisation of £50m.
In his spare time Davies holds three voluntary directorships – with the clinical outsourcing trade association PCMG, the charity Ordinary 2 extraordinary and with the Red Lion Group, a medical charity.
Davies said: “I am delighted to be joining Medherant at this exciting stage in the company’s growth and development. My previous experience, particularly working with topical gels at Futura Medical, will be useful in developing patch-based products at Medherant. I’m looking forward to working with the rest of the team to deliver value growth for our investors and novel, exciting and effective products for our customers.”
Sally Waterman, COO of Medherant, added, “We’re thrilled to welcome David to the Medherant team. His knowledge of all aspects of the drug development pathway, and his experience in developing internal and external teams to help deliver company growth, will be invaluable as Medherant moves to the next stage of its evolution.”
Medherant has completed non-clinical work on its lead product, ibuprofen TEPI Patch and is currently working with AdhexPharma to manufacture the product, ready for clinical trials.