Brussels (Belgium), 17 May 2019
Camel-IDS, a biotech company developing novel radiopharmaceuticals, today announced the appointment of Thomas Ramdahl, former Chief Executive Officer of Algeta, as an independent, non-executive director.
Dr Ramdahl is a pharmaceutical executive with more than 20 years of clinical and development experience. In 2001, he became President and the first CEO of Algeta ASA (Algeta), a Norwegian biotech company that was successful in researching, developing and launching a radiopharmaceutical for prostate cancer. When Dr Ramdahl joined Algeta, he was one of six employees at the time, and he played an instrumental role in its success, serving in several senior positions within the company through to and post the acquisition of Algeta by Bayer AG in 2014 for US$2.9 Billion.
During his time at Algeta, the company successfully completed Phase 1 and 2 clinical trials, as well as a pivotal Phase 3 multi-centre, multi-country, double blinded clinical trial that led to FDA approval and marketing approval of Algeta’s lead product, Xofigo. Dr Ramdahl led Algeta as CEO through an initial public offering (IPO) on the Oslo Stock Exchange in 2007. He remained in this role until 2009, at which stage he transitioned to Chief Technology Officer, and then to Chief Operating Officer in 2013. After the acquisition by Bayer in 2014, Dr Ramdahl resumed the position of Managing Director of Algeta, before quickly shifting to Managing Director of Bayer in Norway, remaining in this role until October 2018.
Dr Ramdahl has authored more than 40 publications and is a co-inventor of several patents. He gained his PhD in Environmental Chemistry from the University of Oslo in 1984 and an MSc in Organic Chemistry from the Norwegian Institute of Technology in 1979. He has also been engaged in executive training at IMD in Lausanne, Switzerland.
Dr Ramdahl commented on his appointment to Camel-IDS’ Board:
I am honored to join Camel’s Board during an exciting time in the Company’s evolution and growth and look forward to leveraging my experience within the radiopharmaceutal field. I am very excited about the lead product and the product pipeline with potential to provide clinically meaningful therapeutic relief to many patients living with cancer.
Camel-IDS’ Chair Christina Takke commented:
We are very excited to have someone of Dr Ramdahl’s experience and capability joining our Board. We believe that Thomas’ unique experience of managing and growing a radiopharmaceutical company from start-up through to marketing approval of its lead product and a successful exit will be invaluable to our future growth.