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Therapure Biopharma Launches Biologics Division


New plasma products and technology company-Evolve Biologics-led by Blaine Forshage as CEO

Therapure Biopharma has launched its plasma products and technology division as Evolve Biologics.

Evolve's leadership team consists of chief executive officer Blaine Forshage; chief commercial officer, David Holliday; and chief financial officer, Gregory Gould.

"Today we publicly launch our strategy to realize the value in Therapure's proven technology and team, through a company dedicated to the development of plasma-derived therapeutics for patients with rare chronic diseases and acute conditions," said Gabriel de Alba, chairman of Therapure and managing director and partner at Catalyst Capital. "Over the past seven years, we've carefully built the vision and capabilities for an innovative plasma-derived therapeutics business. Now, with an experienced, committed team led by Mr. Forshage, we're ready to begin executing on our vision."

Mr. Forshage said, "With the new protein discoveries, indications and diagnoses driving global demand for plasma-derived therapeutics, it's time for our industry to innovate beyond the plasma fractionation technologies originally developed in the 1940s. Our proprietary PlasmaCap EBA technology is aimed at producing improved yields of many plasma-based proteins with greater efficiencies from the same liter of plasma. It is our goal to use this technology to commercialize an exciting portfolio of plasma-derived therapeutics, and we currently have two major proteins-IVIG and Albumin advancing in development."

As chief executive officer, Mr. Forshage brings 25 years of experience in the healthcare and biologics market, with over 17 years at Baxter/Baxalta, most recently as North American region head (general manager) for Baxalta Inc.

Mr. Holliday recently joined Evolve as chief commercial officer, bringing over 30 years of pharmaceutical and biologics experience. He has successfully launched and commercialized several significant brands, including ones in the UK, U.S. and global markets, most recently as vice president of commercial operations for Octapharma US.

Mr. Gould, Evolve's chief financial officer, has over 20 years of business experience in the biotech and life sciences market, including 17 years as a public company CFO at several NASDAQ- and NYSE-listed companies.

PlasmaCap EBA is an innovative technology for efficient capture of plasma proteins at higher yields and purities from human blood plasma. The technology uses expanded bed adsorption (EBA) chromatography to capture plasma proteins directly from plasma or fractionated plasma materials without the use of inefficient and potentially damaging cold ethanol. PlasmaCap EBA has been able to demonstrate more efficient yields of plasma-based proteins of therapeutic value.