Resolutions taken by Mithra’s Board of Directors

Liege, Belgium, 03 March 2023 – 21:15 CET – Meeting this Thursday 2nd and Friday 3rd March to discuss the approval of the 2022 annual results, R&D follow-up, and corporate governance topics, the Board of Directors of Mithra (Euronext Brussels: MITRA), a company dedicated to women’s health, would like to update the market on the resolutions decided today.

Considering the recent news flow completed by the Company, the Board of Directors strengthened its confidence that the company will deliver on its promises moving forward:

  • the positive safety profile of our product candidate Donesta® as outlined in a separate press release disclosed earlier today;
  • the BCI scientific achievements revealing that the Preclinical studies confirm the broad potential of innovative and proprietary inhibitors of CSF-1R to treat different pathologies, including endometriosis, cancer and inflammatory disorders. These results reinforce Mithra’s intent to acquire BCI Pharma’s IP rights and finalize the acquisition option to develop new tyrosine kinase inhibitors for the treatment of endometriosis, female cancers and other diseases;
  • the fact that Mithra’s management is looking to optimize the potential of our CDMO;
  • the perspectives in terms of business development for the US.

The Board of Directors also discussed the progress made on the selection of a new CEO. According to the mandate given a few months ago to a first-class head hunter in order to find a successor to Mr. Leon Van Rompay, the Company received pronounced interest for this position of international high profile candidates. Three candidates have been selected by the Nomination and Remuneration committee for presentation to the approval of the Board. Mithra’s new CEO should be announced as soon as possible.

Mr. Van Rompay confirmed his willingness to remain CEO of Mithra up until the end of this process.  Once it is completed, Mr. Van Rompay will continue assisting the Company for dedicated advices, like Mr. Fornieri is currently doing. The Board will be delighted to still have Mr. Van Rompay as a dedicated advisor, given his extensive experience in the pharmaceutical sector.

Additionally, the mandates of the Board members will expire at the end of the next Ordinary General Meeting.  The selection process is ongoing and Mithra aims to add new profiles whose expertise and competence in the pharmaceutical and financial sector will contribute to ensure the quality and relevance of the directions taken in the development and commercialization of its products.

Christian Moretti, Chairman of Mithra’s Board of Directors, commented:

The Board of Directors has adopted constructive resolutions that will enable the company to build on the very encouraging progress made in recent weeks. These results once again attest to the many future possibilities that Mithra is able to offer.”

François Fornieri, Co-founder and largest shareholder of Mithra, added:

I have obtained insurance that the R&D results and especially BCI achievements are very promising for the Company. The new CEO will have to bring on its extensive potential. In this regards, I am pleased to learn that high profile candidates are being considered and are rapidly available to lead Mithra into a new era. The new CEO will have to help Mithra regain the investor confidence it had in the past and still deserves. I will continue my role as an advisor to the Company if the new CEO so wishes.”


Please read this carefully as it applies to all persons who visit this website. The following pages contain information relating to an offering and/or admission to trading on a regulated market in relation to securities of Mithra Pharmaceuticals SA ("Mithra Pharmaceuticals"). This information may not be accessed by residents of certain countries based on applicable securities law regulations. Accordingly, if you wish to access this part of the website you must first inform yourself about and then observe the statutory and regulatory requirements applicable to you and to your jurisdiction. In order to establish whether or not you may view the information and documents please read the disclaimer below in full.


This website and the information contained herein or to which it gives access are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States of America (including its territories, the "United States"), Australia, Japan or South Africa, and do not constitute, or form part of, an offer or invitation to sell or issue, or a solicitation of an offer or invitation to purchase or subscribe for, nor shall there be any sale or purchase of, any securities of Mithra Pharmaceuticals in the United States, Australia, Japan or South Africa or in any other jurisdiction in which such offer, invitation, solicitation, sale, issue, purchase or subscription would be unlawful prior to registration, unless an exemption from registration or qualification under the securities laws of any such jurisdiction is applicable. The securities of Mithra Pharmaceuticals referred to on this website have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act. There will be no public offering of Mithra Pharmaceuticals' securities in the United States.

All persons residing outside of the United States, Australia, Canada, Japan and South Africa who wish to access the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. Mithra Pharmaceuticals assumes no responsibility if there is a violation of applicable law and regulations by any person.

No action has been taken by Mithra Pharmaceuticals that would permit an offer of Mithra's securities or the possession or distribution of the materials to which this website gives access or any other offering or publicity material relating to Mithra's securities in any jurisdiction where action for that purpose is required.

Mithra Pharmaceuticals has not authorised any public offering in any Member State of the European Economic Area. With respect to any Member State of the European Economic Area that has implemented Regulation 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC, as amended from time to time (together with any applicable implementing measures in such Member State, the "Prospectus Regulation"), this website and the information contained herein, or to which it gives access, is only addressed to, and is only directed at, qualified investors in that Member State within the meaning of the Prospectus Regulation.

In addition, in the United Kingdom, this website and the information contained herein, or to which it gives access, is addressed to, and directed only at: (a) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), and (b) high net worth entities, and other persons to whom they may otherwise lawfully be communicated, falling within article 49(2) of the Order (all such persons together being referred to as "Relevant Persons"). In the United Kingdom, any investment or investment activity to which this website and the information contained herein, or to which it gives access, relates, is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person in the United Kingdom who is not a Relevant Person should not act or rely on this website and the information contained herein, or to which it gives access.

If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. Access to electronic versions of these materials is being made available on this webpage by Mithra Pharmaceuticals in good faith and for information purposes only.

By checking the acceptance box below, you confirm and certify that: You are not a resident of or physically present in the United States, Australia, Canada, Japan or South Africa or any other restricted jurisdiction, and that you are either: (a) a resident of, and domiciled in, a Member State of the European Economic Area and a qualified investor within the meaning of the Prospectus Regulation, (b) a resident of, and domiciled in, the United Kingdom, a qualified investor within the meaning of the Prospectus Regulation and a Relevant Person, or (c) otherwise authorised to access this information pursuant to applicable laws or regulations.