REG - Trellus Health PLC - Directorate Change

Trellus HealthAnnouncement

06/02/2023 07:16

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RNS Number : 9487O  Trellus Health PLC  06 February 2023

 

Trellus Health plc

("Trellus Health" or the "Company")

 

Directorate Change

 

LONDON, U.K. AND NEW YORK, U.S. (6 February 2023). Trellus Health plc (AIM:
TRLS), which is commercializing a scientifically validated, personalized
resilience-driven self-management solution for chronic health conditions at
their intersection with mental health, announces that Non-Executive Chairman,
Julian Baines, will stand down from the Board with immediate effect, following
the announcement this morning of his appointment as Executive Chairman of EKF
Diagnostics Holdings plc (AIM: EKF).

 

In addition, Dr Daniel Mahony, Senior Independent Non-Executive Director, will
become Non-Executive Chairman with immediate effect.

 

Dan has over 25 years of experience within global healthcare covering
biotechnology, medical technology and healthcare services. Dan was appointed
as Entrepreneur-in-Residence at Evotec (UK) Limited in October 2021 and is
responsible for the EVOequity investment portfolio. Prior to joining Evotec,
he was Co-Head of Healthcare at Polar Capital where he launched the healthcare
business in 2007, growing it to over $4 billion of assets under management.
Dan was formerly head of European healthcare research at Morgan Stanley, an
analyst at ING Barings Furman Selz in New York and a postdoctoral scientist at
DNAX Research Institute in Palo Alto.

 

Dan chairs the Board of the BioIndustry Association (BIA), the industry trade
association for UK life sciences, and holds non-executive directorships at the
Wellcome Sanger Institute (a world leading genomics research centre), Sernova
(a Canadian TSX-listed cell therapy company), Curexsys (a German
privately-held biotechnology company) and Keepabl (a UK based, privately-owned
provider of SaaS solutions for GDPR compliance). In 2022, he was appointed as
the Life Sciences Investment Envoy by the UK Government.

 

Julian Baines, outgoing Non-Executive Chairman, said: "I am sad to relinquish
my responsibilities at Trellus Health as a result of the new short-term role I
am taking on at EKF and the commitment that requires. Having worked with Dan
for some time I have no doubt that I am handing over the Chairmanship to a
very capable and experienced specialist in the healthcare sector."

 

Dr Daniel Mahony, Non-Executive Chairman, said: "We are very grateful to
Julian for his contribution to the Company, from his early involvement in
providing investment from EKF, through his guidance during the AIM IPO in May
2021, and beyond to the more recent commercial progress that we're now seeing.
We wish Julian the very best in his new role at EKF and thank him for his
support for Trellus Health over the last three years."

 

For further information please contact:

 

 Trellus Health plc                                                         https://trellushealth.com/ (https://trellushealth.com/)
 Dr. Marla Dubinsky, Chief Executive Officer                                Via Walbrook PR
 Steve Young, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Broker)                      Tel: +44 (0)20 7496 3000
 Aubrey Powell / Jen Boorer

 Walbrook PR                                  Tel: +44 (0)20 7933 8780 or trellus@walbrookpr.com
                                              (mailto:trellus@walbrookpr.com)
 Paul McManus / Sam Allen / Phillip Marriage  Mob: +44 (0)7980 541 893 / 7748 651 727 / 7867 984 082

 

 

About Trellus Health plc (www.trellushealth.com (http://www.trellushealth.com)
)

Trellus Health (LSE: TRLS) is the first resilience based digital health
company focused on the intersection of chronic illness and mental health.
Trellus Health integrates its proprietary resilience-based methodology with
the technology, tools and team to deliver a whole-person technology-enhanced
experience that results in relieving disease burden, building self-management
skills and promoting individual health behaviors that enable thriving in the
face of a chronic condition. Through its TrellusElevate™ connected health
platform and companion App, the company addresses both physical and behavioral
health together, in context, to improve outcomes and reduce healthcare costs
across the healthcare ecosystem.

 

The Company is initially focused on Inflammatory bowel disease ("IBD"), which
includes the chronic incurable conditions of Crohn's Disease and ulcerative
colitis, and shortly Irritable Bowel Syndrome ("IBS"), but, given the common
struggles of self-management, considers its approach to have potential utility
and demand across many chronic conditions.

 

The TrellusElevate™ platform is the Company's proprietary connected health
platform that incorporates the GRITT™ methodology and learnings on
resilience from clinical research and practice conducted at the Mount Sinai
IBD Center for more than five years. This proprietary, resilience-driven
methodology has been scientifically validated to demonstrate meaningful
improvements in patient outcomes, 71% reduction in Emergency Department
(A&E) visits, and 94% reduction in unplanned hospitalisations, which the
directors of the Company believe indicates the potential for significant cost
savings for healthcare payers. Patients with IBD treated using the methodology
also experienced a 49% reduction in required opioid use and a 73% reduction in
corticosteroid use 12 months following starting the program(2).

 

The Company was founded by Mount Sinai faculty members Marla C. Dubinsky, MD
and Laurie Keefer, PhD, both with decades of combined experience in IBD and
psychogastroenterology, respectively. Trellus Health's patent-pending GRITT™
resilience assessment and personalized resilience training methodology was
developed and validated at the Mount Sinai Health System to build resilience
and wellness for improved outcomes at lower cost.

 

Shares in Trellus Health were admitted to trading on AIM in May 2021, under
the ticker TRLS. For more information on Trellus Health, visit:
www.trellushealth.com (http://www.trellushealth.com)

 

1) Source: https://www.cdc.gov/chronicdisease/about/costs/index.htm
(https://urldefense.proofpoint.com/v2/url?u=https-3A__www.cdc.gov_chronicdisease_about_costs_index.htm&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=fSst1AtlXyuqcs3cHJXcCRilbI1Qm1WfjNYkVgQfiLE&m=IjQVBqsF0mJCc4cCch3kNewShI3X349VlYSUrh3C5-c&s=lilxcTv-hIGGEbeSix8wsDKl8TOyuP3Vw__GebvZFro&e=)
)

2) Source: https://www.sciencedirect.com/science/article/pii/S1542356521012258
(https://www.sciencedirect.com/science/article/pii/S1542356521012258) ).

 

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