Diamyd Medical announces governance and leadership changes
Following Diamyd Medical’s unexpectedly negative results from the March 27 interim analysis of its DIAGNODE-3 study, the Board of Directors has implemented governance changes to strengthen oversight and strategic direction. As part of these changes, CEO Ulf Hannelius has decided to step down from his role. Since the first announcement March 27 of the failed Phase 3 Diagnode-3 study, the Company has initiated a strategic review including 1) discussions with possible partners, 2) reducing its Stockholm activities, and 3) moving its BioManufacturing Plant in Umeå towards GMP certification