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GH Research Announces Appointment of Dr. Velichka "Villy" Valcheva to Chief Executive Officer

Key Takeaway: GH Research PLC has announced the promotion of Dr. Velichka "Villy" Valcheva to Chief Executive Officer, succeeding co-founder Dr. Theis Terwey. Dr. Valcheva, who has over 20 years in the biopharma industry, previously served as Chief Medical Officer and was instrumental in advancing the company's clinical programs. Under her leadership, the company is progressing with clinical trials for its mebufotenin therapies targeting treatment-resistant depression. The transition comes as the company readies for the enrollment completion of its phase 2b trial and begins a phase 1 study in the UK.

Market Sentiment Analysis

POSITIVE FACTORS

  • Dr. Velichka Valcheva brings over 20 years of leadership experience.
  • The company is on track for completion of patient enrollment for phase 2b trial.
  • GH Research focuses on innovative treatments for treatment-resistant depression.

Full Press Release Details

GH Research Announces Appointment of Dr. Velichka "Villy" Valcheva to Chief Executive Officer
DUBLIN, Ireland, September 03, 2024 - GH Research PLC (Nasdaq: GHRS), a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders, today announced the
promotion of Dr. Velichka "Villy" Valcheva, MD, MSc. to Chief Executive Officer of the Company. Dr. Valcheva succeeds PD Dr. med. Theis Terwey, co-founder of GH Research.
Dr. Valcheva has more than 20 years of experience in various leadership roles in the pharmaceutical and biotech industries. Dr. Valcheva joined the company in August 2023 and has served as the Company's Chief Medical
Officer since February 2024 having leadership responsibility, among other things, for the execution of the Company's clinical development programs. She joined us from Albireo, where, in her position as VP and Head of Medical Affairs International,
she played a pivotal role in the company's late-stage development, scientific communication, regulatory approvals by the U.S. Food and Drug Administration and EMA as well as gaining market access in multiple markets of the rare disease medicine
Bylvay. Dr. Valcheva holds a Masters in Pharmaceutical Medicine from Trinity College Dublin, Ireland as well as a Dr. Med. from University of Medicine - Plovdiv, Bulgaria.
Florian Sch nharting, Chairman of the Board of Directors, GH Research, said: "We are very pleased to promote Dr. Valcheva to Chief Executive Officer. As Chief Medical Officer, she has proven her operating and
execution skills, and she has the experience base and track record to lead GH Research through its next stage of development to achieve our goal of providing effective therapies for patients suffering from depression. I would also like to thank
Theis for his dedication, passionate commitment and scientific rigor applied to our mission since we founded the Company together."
Dr. Valcheva, Chief Executive Officer, GH Research, added: "Since joining GH Research last year, I have worked tirelessly to realize the potential of our product candidates to help patients with depression. As we're
screening the remaining patients for our phase 2b trial in treatment-resistant depression, we're on track for completion of enrolment in September this year. Additionally, our phase 1 healthy volunteer study using our proprietary device is now
actively enrolling in the UK. I'm excited to lead the company through the next phase of development. The foundation that Theis has laid will always be a part of GH Research."
"Taking part in the founding of GH Research and leading it in its mission has been a great honor for me and I look forward to seeing the company continue to advance its cause," said departing CEO, Dr. Terwey.
About GH Research PLC
GH Research PLC is a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders. GH Research PLC's initial focus is on developing its
novel and proprietary mebufotenin (5-MeO-DMT) therapies for the treatment of patients with treatment-resistant depression (TRD).
GH Research PLC's annual report on Form 20-F filed with the U.S. Securities and Exchange Commission for the year ended December 31, 2023 is available at www.ghres.com and shareholders may receive a hard copy free of charge upon request.
Forward-Looking Statements
This press release contains statements that are, or may be deemed to be, forward-looking statements. All statements other than statements of historical fact included in this press release, including
statements regarding our future results of operations and financial position, business strategy, product candidates, medical devices required to deliver these product candidates, research pipeline, ongoing and currently planned preclinical studies
and clinical trials, regulatory submissions and approvals and their effects on our business strategy, including our plans and expectations related to addressing the clinical hold on the GH001 IND, research and development costs, cash runway, timing
and likelihood of success, as well as plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements appear in a number of places in this press release and include, but are not limited to,
statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and
uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those described in our filings with the U.S. Securities and Exchange
Commission. No assurance can be given that such future results will be achieved. Such forward-looking statements contained in this press release speak only as of the date hereof. We expressly disclaim any obligation or undertaking to update these
forward-looking statements contained in this press release to reflect any change in our expectations or any change in events, conditions, or circumstances on which such statements are based unless required to do so by applicable law. No
representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.

Frequently Asked Questions

Who is the new CEO of GH Research?

Dr. Velichka 'Villy' Valcheva has been promoted to CEO of GH Research.

What was Dr. Valcheva's role before becoming CEO?

She served as the Chief Medical Officer since February 2024.

What is GH Research focused on developing?

The company aims to develop therapies for treatment-resistant depression.

When is the enrollment for the phase 2b trial expected to complete?

Enrollment for the trial is on track to finish in September 2024.

Who did Dr. Valcheva succeed as CEO?

She succeeded co-founder PD Dr. med. Theis Terwey.

Last updated: Sep 3, 2024