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NLS Pharmaceutics Announces Election of Additional Board Members Professor Claudio L. A. Bassetti, MD, is the Chair, Neurology Department, Inselspital, Bern University Hospital and Dean, Medical Faculty, University of Be

Key Takeaway: NLS Pharmaceutics Ltd. has announced the election of Dr. Florence Allouche Aknin and Professor Claudio L. A. Bassetti to its board of directors, effective January 1, 2024, pending approval at the upcoming EGM. CEO Alex Zwyer expressed confidence that their expertise will significantly aid the company's mission in developing innovative therapies for central nervous system disorders. Both appointees bring extensive experience in their respective fields, Dr. Aknin in biopharmaceutical business and Professor Bassetti in neurology and sleep medicine.

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of renowned experts strengthens the board.
  • Addition of board members expected to enhance fundraising efforts.
  • Leadership of new members may drive innovation in CNS therapies.

Full Press Release Details

Announces Election of Additional Board Members
Z rich, Switzerland, November 28, 2023 -
NLS Pharmaceutics Ltd. (Nasdaq: NLSP, NLSPW) ("NLS" or the "Company"), a Swiss clinical-stage biopharmaceutical company
focused on the discovery and development of innovative therapies for patients with rare and complex central nervous system disorders,
today announced that, subject to final approval of the EGM taking place on Dec. 22, 2023, the board of directors has elected Dr. Florence
Allouche Aknin and Dr. Claudio Basetti to join the board effective January 1, 2024.
"We are thrilled to have Florence and Claudio
join our board of directors," said Alex Zwyer, Chief Executive Officer and Co-founder of NLS Pharmaceutics. "I am confident
that Claudio's vast leadership in narcolepsy and sleep medicine and the fundraising and networking expertise of Florence will prove
invaluable as we continue to evolve as a business and continue our mission to develop better therapies to safeguard and empower the brain
throughout all stages of life."
Professor Claudio L. A. Bassetti, MD
Dr. Basetti received his Doctor of Medicine degree
from the University of Basel and trained in Bern and Lausanne, with research fellowships in experimental neurophysiology and Sleep Medicine.
In 2000, he was appointed professor of Neurology at the University of Zurich and in 2009, founded the Neurocenter of Southern Switzerland.
He is currently Chair of the Neurology Department, Inselspital, Bern University Hospital and Dean, Medical Faculty, University of Bern.
He has served as president of the European Neurological Society, European Sleep Research Society, and European Academy of Neurology, among
other prominent appointments. He has authored over 560 publications and speaks six languages. A global leader in sleep medicine, he has
pioneered studies in sleep disorders and stroke, as well as made fundamental contributions to the etiology, pathophysiology and management
Florence Allouche Aknin, PharmD, MBA
A Doctor of Pharmacy and holding a Master's
in Business Administration, Professor Allouche Aknin began her career as a biologist at AP-HP (Greater Paris Hospitals), managing the
tech transfer office for 16 years and creating 75 start-ups. Dr. Allouche Aknin is an expert and mentor at the Paris incubators and has
represented French technology internationally. She is a Professor of Pharmacy at the University Paris City and an elected member of the
French National Academy of Pharmacy. She is also the President and Founder of Myrpharm Advisors, a start-up studio for the biopharmaceutical
industry. In addition, in 2022, Dr. Allouch Aknin launched Sorbonne Venture, a 100M
fund dedicated to health technology. She is also Chairwoman of the Board of Directors for PepKon, a French biotechnology company. Among
her many awards, Dr. Allouche Aknin was elected "Woman of the Year 2017" by the French financial magazine La Tribune,
Women's trajectory Award 2018 by HEC Paris, and Mercure Entrepreneurs Award 2019 by HEC Paris.
NLS Pharmaceutics Ltd. (Nasdaq: NLSP) is a global
development-stage biopharmaceutical company, working with a network of world-class partners and internationally recognized scientists,
focused on the discovery and development of innovative therapies for patients with rare and complex central nervous system, or CNS, disorders,
who have unmet medical needs. Headquartered in Switzerland and founded in 2015, NLS is led by an experienced management team with
a track record of developing and commercializing product candidates. For more information, please visit www.nlspharma.com.
For additional information:
Marianne Lambertson (investors & media)
NLS Pharmaceutics Ltd.

Frequently Asked Questions

Who were elected to the NLS board of directors?

Dr. Florence Allouche Aknin and Dr. Claudio Basetti were elected.

When will the new board members officially join?

The new members will join effective January 1, 2024.

What is NLS Pharmaceutics focused on?

NLS Pharmaceutics specializes in therapies for rare CNS disorders.

When is the EGM for board approval scheduled?

The EGM is scheduled for December 22, 2023.

What roles do Claudio Basetti and Florence Allouche Aknin hold?

Claudio Basetti is a neurology expert, while Florence Allouche Aknin specializes in biopharma.

Last updated: Nov 28, 2023