BASEL, SWITZERLAND--(Marketwire - October 28, 2011) - Processed and transmitted by Thomson
Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Basilea Pharmaceutica Ltd. (SWISS: BSLN)
announced today that its board of directors has set November 29, 2011 as
date
for the extraordinary general meeting of shareholders.
The board of directors of Basilea has set November 29, 2011 as the date for
the
extraordinary general meeting of shareholders that was requested by
shareholder
HBM BioVentures (Cayman) Ltd. The single agenda item is the election of
additional board members to expand the current board.
Following discussions between Basilea and HBM BioVentures, HBM BioVentures
now
proposes Dr. Thomas M. Rinderknecht, Mr. Domenico Scala and Dr. Thomas
Werner as
additional members to the board. The board of directors of Basilea supports
the
election of the proposed candidates.
The invitation to the extraordinary general meeting of shareholders will be
published in the Swiss Official Gazette of Commerce at least 20 days prior
to
the extraordinary general meeting of shareholders. The board has set
November
17, 2011 as the deadline for registration in the share register in order to
participate and vote at the extraordinary general meeting of shareholders.
About Basilea
Basilea Pharmaceutica Ltd. is headquartered in Basel, Switzerland, and
listed on
the SIX Swiss Exchange (SIX: BSLN). Basilea Pharmaceutica International
Ltd.'s
fully integrated research and development operations are focused on
antibiotics,
antifungals and oncology drugs, as well as on the development of
dermatology
drugs, targeting the medical challenge of resistance and non-response to
current
treatment options in the hospital and specialty care setting.
Basilea is currently marketing Toctino® (alitretinoin), the only
approved
treatment for adults with severe chronic hand eczema unresponsive to potent
topical corticosteroids, in Denmark, Finland, France, Germany, Norway,
Switzerland and the United Kingdom and has appointed distributors for
Toctino®
in other selected European markets, Canada, Israel, Mexico and the Republic
of
Korea. A phase III clinical program on alitretinoin for the treatment of
severe
chronic hand eczema is ongoing in the U.S.
For its phase III compound isavuconazole, a potential best-in-class azole
antifungal for the treatment of life-threatening invasive fungal
infections, the
company has entered into a license, co-development and co-promotion
agreement
with Astellas Pharma Inc.
In addition, Basilea is developing ceftobiprole, a late-stage novel anti-
MRSA
(methicillin-resistant Staphylococcus aureus) broad-spectrum cephalosporin
antibiotic, for the first-line treatment of potentially life-threatening
resistant bacterial infections. Ceftobiprole has a broad coverage of both
Gram-
positive bacteria, including MRSA, and many clinically important Gram-
negative
bacteria such as Pseudomonas spp.
Basilea's BAL30072, a novel antibiotic for the treatment of resistant Gram-
negative infections, and the oncology drug BAL101553 for the treatment of
drug-
resistant cancers are in phase I clinical testing.
Disclaimer
This communication expressly or implicitly contains certain forward-looking
statements concerning Basilea Pharmaceutica Ltd. and its business. Such
statements involve certain known and unknown risks, uncertainties and other
factors, which could cause the actual results, financial condition,
performance
or achievements of Basilea Pharmaceutica Ltd. to be materially different
from
any future results, performance or achievements expressed or implied by
such
forward-looking statements. Basilea Pharmaceutica Ltd. is providing this
communication as of this date and does not undertake to update any forward-
looking statements contained herein as a result of new information, future
events or otherwise.
--- End of Message ---
Basilea Pharmaceutica AG
Grenzacherstrasse 487
P.O Box Basel Switzerland
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse,
Freiverkehr in Bayerische Börse München;
Press Release (PDF):
http://hugin.info/134390/R/1558966/481899.pdf
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Source: Basilea Pharmaceutica AG via Thomson Reuters ONE
[HUG#1558966]
