Poolbeg Pharma plc announced a change of Board role. Cathal Friel, Co-Founder, substantial shareholder, and currently Non-Executive Chairman of the company is assuming the role of Executive Chairman at the company effective immediately. Cathal brings valuable experience from his longstanding track record of value creation in a number of public companies, including as Co-Founder of Amryt Pharma plc.

He was also the Executive Chairman and Co-Founder of hVIVO plc. Since then, Cathal and his team have transformed hVIVO into a fast growing, profitable company with revenues of over £56 million, a share price of c. 28 pence and a market capitalisation of c. £200 million. Cathal will continue to work closely with the Company's Chief Executive Officer, Jeremy Skillington and the now expanded leadership team, several of whom have recently joined from Amryt Pharma.

Cathal will focus on it's strategic initiatives, leveraging his strong track record of value creation, including the company's growing focus upon rare and orphan diseases, whilst Jeremy will continue his successful leadership of the company's clinical programmes and business development efforts alongside David Allmond.