ORPH - hVIVO chairman Cathal Friel says he remains committed to hVIVO following share sale
(NewsDirect)
hVIVO chairman Cathal Friel joinedProactive's Stephen Gunnion to discuss the sale of shares in hVIVOPLC by directors, including himself.
Friel explained his decision to sell a portion of his shares inhVIVO was to accommodate the high demand from major institutions whileemphasising his commitment to remain a long-term, supportiveshareholder despite this sale.
Friel, who co-founded hVIVO (formerly known as Open Orphan) in2017, highlighted the company's significant growth and his activeinvolvement in its operations and strategic direction. He mentionedhis 25-year experience in mergers and acquisitions (M&A) and hisconfidence in the company's ability to surpass its medium-termrevenue target of £100 million, partly through strategic M&Aactivities.
Additionally, Friel talked about his new role asExecutive Chairman at Poolbeg, a company associated with hVIVO,assuring that this would not diminish his involvement with hVIVO. Heshared his enthusiasm for the future of both companies, underscoringhis role in identifying market opportunities and assemblinghigh-performing teams to capitalize on them.
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