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Appointment of Dr David Cade to Group Chief Medical Officer

Key Takeaway: Telix has appointed Dr. David Cade as the new Group Chief Medical Officer, effective January 1, 2024. He succeeds Dr. Colin Hayward, who is stepping down to pursue other interests. Dr. Cade brings significant experience in oncology and has held various senior roles at Telix, including CEO of the Asia-Pacific business. His appointment is seen as a strategic move to enhance Telix's clinical programs.

Market Sentiment Analysis

POSITIVE FACTORS

  • Dr. Cade has extensive experience in oncology and clinical trials.
  • His leadership is expected to accelerate Telix's therapeutic portfolio.
  • The transition is part of a strategic growth phase for Telix.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+13%
120-day peak, hindsight
Typical move
7%
average across 7 past catalysts
Lead asset
131I-IPA
Phase 1 · Neoplastic Disease

Full Press Release Details

Melbourne (Australia) | 20 December 2023
Telix is pleased to announce the appointment of Dr. David Cade as Group Chief Medical Officer (CMO), effective 1 January 2024. He succeeds outgoing Group CMO Dr. Colin Hayward, who has taken the decision to step down from his role effective 31 December, to pursue other interests.
Dr. Cade is an experienced CMO who joined Telix in October 2019. Prior to joining Telix David most recently served as the CMO at Cochlear Limited, and Sirtex Medical Limited, where he led numerous pivotal phase 3 oncology trials across large disease areas. During his time at Telix he has served in a range of senior executive roles and is currently Chief Executive Officer of Telix’s Asia-Pacific (APAC) business [1] . He has previously served as Chief Business Officer and Head of Investor Relations at Telix. David has led multiple strategic transactions for Telix, including the China Grand Pharma partnership, and subsequently oversaw the approval of Illuccix® by the Therapeutic Goods Administration (TGA) in Australia.
David brings deep experience in oncology, interventional radiology and nuclear medicine therapeutic areas. He holds a Bachelor of Medicine / Bachelor of Surgery from Monash Medical School and a Master of Business Administration from Melbourne Business School and ESADE Business and Law School. He is also a Graduate of the Australian Institute of Company Directors.
Dr. Christian Behrenbruch, Managing Director and Group CEO commented on the leadership succession, “I would firstly like to thank our outgoing CMO Colin Hayward for his immense contribution to Telix. I have thoroughly enjoyed working with Colin over the last three years as we have progressed our therapeutic pipeline to the point where we can commence phase 3 studies. His strategic oncology domain knowledge and immense skills in early-stage clinical translation have served the Company well during a period of significant growth. Colin’s establishment of a leading medical affairs team has been instrumental to the successful launch of Illuccix® in the United States. I wish Colin every success in his future activities.
“In the appointment of our next Group CMO, we sought an executive with both pharmaceutical business development and market access experience, combined with extensive experience in operationalising late-stage global clinical trials. In David we have a long-tenured and highly versatile internal candidate with extensive international experience and the depth of understanding of Telix’s business and clinical leadership expertise to take our clinical programs to the next level. I am looking forward to working with David in his new role to accelerate Telix’s therapeutic portfolio towards the clinic.”
Read the full ASX release here
[1] ASX disclosure 3 May 2021

Frequently Asked Questions

Who is the new Group Chief Medical Officer at Telix?

Dr. David Cade has been appointed as the new Group Chief Medical Officer.

When does Dr. Cade officially start his role?

Dr. Cade will officially start as Group CMO on January 1, 2024.

Who did Dr. Cade succeed as Group CMO?

He succeeds Dr. Colin Hayward, who is stepping down from the role.

What experience does Dr. Cade bring to Telix?

Dr. Cade has extensive experience in oncology and has led pivotal clinical trials.

Last updated: Dec 20, 2023