JENA, Germany - InflaRx N.V. (NASDAQ:IFRX), a clinical-stage biopharmaceutical company, has announced the appointment of Jan Medina, CFA, as the new Vice President and Head of Investor Relations. With over two decades of experience in the life sciences sector, Medina is poised to strengthen the company's investor relations and support its clinical programs.
Medina's extensive background includes expertise in investor relations, communications, and equity research. Prior to joining InflaRx, he served as Vice President at Olink Proteomics, focusing on Investor Relations & Capital Markets. His career has spanned roles in consultancy firms and companies specializing in oncology, hematology, and medical technology, alongside positions at global investment banks and boutique research firms.
InflaRx's CEO, Prof. Niels C. Riedemann, expressed confidence in Medina's abilities, citing his proven track record and deep capital markets network as invaluable assets for the company's future endeavors.
Medina shared his enthusiasm for his role at InflaRx, particularly noting the potential of the company's new oral C5aR inhibitor, INF904, and the progress of vilobelimab, which is currently in Phase III trials for pyoderma gangrenosum, a condition lacking approved treatments in the U.S. and Europe.
InflaRx specializes in anti-inflammatory therapeutics targeting the complement system, with a focus on the inflammatory mediator C5a. Its lead product candidate, vilobelimab, is a first-in-class anti-C5a monoclonal antibody that has shown promise in clinical trials for various inflammatory diseases.
The company, founded in 2007, operates from Germany and the United States, with subsidiaries InflaRx GmbH and InflaRx Pharmaceuticals Inc. being part of the InflaRx group.
This news is based on a press release statement and does not include any forward-looking statements.
InvestingPro Insights
InflaRx N.V. (NASDAQ:IFRX) has recently bolstered its investor relations team with the appointment of Jan Medina, CFA, as the new Vice President and Head of Investor Relations. As InflaRx continues to advance its clinical programs, particularly with its lead product candidate vilobelimab, it is worth noting the company's financial health and market performance through key metrics from InvestingPro.
InvestingPro Data indicates that InflaRx holds a market capitalization of 88.91 million USD, which is relatively modest within the biopharmaceutical industry. The company's Price / Book ratio as of the last twelve months ending Q3 2023 stands at 0.7, which could suggest that the stock is potentially undervalued relative to its assets. Moreover, the stock has experienced a significant pullback, with a 6 Month Price Total Return of -58.74%, which may attract investors looking for a potential rebound opportunity.
Among the InvestingPro Tips for InflaRx, two stand out as particularly relevant to investors considering the company's future prospects. First, despite holding more cash than debt, the company is rapidly burning through cash, which could impact its ability to fund ongoing and future clinical trials. Second, analysts do not anticipate InflaRx to be profitable this year, reflecting the inherent risks and long-term investment horizon typically associated with clinical-stage biopharmaceutical companies.
For investors seeking a deeper dive into InflaRx's financials and market prospects, InvestingPro offers additional insights. There are 9 more InvestingPro Tips available, which can be accessed through the company-specific InvestingPro page at https://www.investing.com/pro/IFRX. To enrich your investment research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing a more comprehensive analysis to inform your investment decisions.
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