REG - RUA Life Sciences - Directorate Change

Rua Life SciencesAnnouncement

01/09/2023 08:15

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RNS Number : 1054L  RUA Life Sciences PLC  01 September 2023

1 September 2023

 

RUA Life Sciences Plc

("RUA Life Sciences", the "Company" or the "Group")

Directorate Change

 

RUA Life Sciences plc (AIM: RUA.L), the holding company of a group of medical
device businesses focused on the exploitation of Elast-Eon™, the world
leading long-term implantable biostable polyurethane, announces that Iain
Anthony, Director of Clinical and Regulatory Affairs has tendered his
resignation from the Company in order to accept an opportunity elsewhere
within the industry.

 

Iain joined RUA in November 2021 and has overseen the building of the
Regulatory and Quality teams together with further development of the vascular
graft device and was instrumental in undertaking the Q-Sub process with the
FDA which has recently concluded succesfully.

 

Iain will step down from the board with immediate effect but will continue in
his role as an employee for an appropriate handover period while the Board
looks for his successor. The Board thanks Iain for his contribution to the
business and wish him well.

 

 

 

 

For further information contact:

 

RUA Life Sciences

Bill Brown, Chairman
                      Tel: +44 (0)1294 317073

Caroline Stretton, Group Managing Director
 Tel: +44 (0)1294 317073

 

 

Cenkos Securities plc (Nominated Adviser and Broker) Tel: +44 (0)20 7397
8900

Giles Balleny/Max Gould (Corporate Finance)

Michael Johnson (Sales)

 

 

About RUA Life Sciences

 

The RUA Life Sciences group was created in April 2020 when RUA Life
Sciences Plc (formerly known as AorTech International Plc) acquired RUA
Medical Devices Limited to create a fully formed medical device
business. RUA Life Sciences is the holding company of the Group's four
trading businesses, each exploiting the Group's patented polymer technology.

 

Our vision is to improve the lives of millions of patients by enabling medical
devices with Elast-Eon(TM), the world's leading long-term implantable
polyurethane. Whether it is licensing Elast-Eon(TM), manufacturing a device or
component, or developing next generation medical devices, a RUA Life
Sciences business is pursuing our vision.

 

Elast-Eon™'s biostability is comparable to silicone while exhibiting
excellent mechanical, blood contacting and flex-fatigue properties. These
polymers can be processed using conventional thermoplastic extrusion and
moulding techniques. With over 8 million implants and 15 years of successful
clinical use, RUA's polymers are proven in long-term life enabling
applications.

 

The Group's four business units are:

 

 RUA Contract Manufacture:  End-to-end contract developer and manufacturer of medical devices and
                            implantable fabric specialist.

 RUA Biomaterials:          Licensor of Elast-Eon(TM) polymers to the medical device industry.

 RUA Vascular:              Commercialisation of open surgical vascular grafts and patches

 RUA Structural Heart:      Development of polymeric leaflet systems for heart valves.

 

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