Trinity Biotech Appoints Global Life Sciences Leader as Chief Commercial Officer
03 September 2024 - 11:55PM
Trinity Biotech plc (Nasdaq: TRIB), a commercial-stage
biotechnology company focused on human diagnostics and diabetes
management solutions, including wearable biosensors, today
announced the appointment of Adrian Donohue as Chief Commercial
Officer. Mr. Donohue brings more than 25 years of experience in the
sales and marketing of healthcare products.
John Gillard, President and Chief Executive Officer of Trinity
Biotech, said, “We are resolute in continuing to execute on our
transformation agenda, which will drive greater performance and
profitability in our existing product lines, including supporting
continued growth in our newest rapid HIV testing product,
TrinScreen HIV. Adrian’s appointment to this important leadership
role and responsibility for our entire portfolio is a critical step
to achieve this commitment and we are delighted to have him join
the team.”
Commenting on his appointment, Adrian Donohue said, “It's an
exciting time to be joining Trinity Biotech as it executes on a
comprehensive transformation plan and positions itself to be a
global competitor in the continuous glucose monitor (CGM) market. I
look forward to driving the potential of our extensive range of
products to deliver significant benefits to our customers and the
patients they serve. I am also eager to begin preparations for the
international launch of our innovative CGM.”
Throughout this career Mr. Donohue developed a strong reputation
as a successful sales and marketing executive with keen business
and commercial acumen, particularly with regard to successful
launches of life science products in EMEA and more recently
Japan. Mr. Donohue is known as an effective team builder and
leader, through his natural engagement and influencing skills. He
has a passion for innovation and cutting-edge development and his
collaborative style facilitates a productive working culture. These
strengths combine with a fresh and innovative approach to
developing and delivering on commercial strategies.
Mr. Donohue has more than 25 years of experience in sales and
marketing of healthcare products. Adrian developed his knowledge
and early career success as a sales representative for Menarini,
Eli Lilly and Roche. He then broadened his commercial
experience as Senior Brand Manager at Shire Pharma for six years.
Mr Donohue moved on to the role of EMEA Franchise lead at Biomarin
for nearly a decade, which led to his promotion to Global Senior
Director in 2022. Mr. Donohue has a primary degree from the
University College Dublin and Post Grad Entrepreneurial Studies at
Smurfit School of Business,
Forward-Looking Statements
This release includes statements that constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 (the “Reform Act”),
including but not limited to statements related to Trinity
Biotech’s cash position, financial resources and potential for
future growth, market acceptance and penetration of new or planned
product offerings, and future recurring revenues and results of
operations. Trinity Biotech claims the protection of the
safe-harbor for forward-looking statements contained in the Reform
Act. These forward-looking statements are often characterised by
the terms “may,” “believes,” “projects,” “expects,” “anticipates,”
or words of similar import, and do not reflect historical facts.
Specific forward-looking statements contained in this release may
be affected by risks and uncertainties, including, but not limited
to, our ability to capitalize on our purchase of the assets of
Waveform, our continued listing on the Nasdaq Stock Market, our
ability to achieve profitable operations in the future, the
impact of the spread of COVID-19 and its variants, potential excess
inventory levels and inventory imbalances at the company’s
distributors, losses or system failures with respect to Trinity
Biotech’s facilities or manufacturing operations, the effect of
exchange rate fluctuations on international operations,
fluctuations in quarterly operating results, dependence on
suppliers, the market acceptance of Trinity Biotech’s products and
services, the continuing development of its products, required
government approvals, risks associated with manufacturing and
distributing its products on a commercial scale free of defects,
risks related to the introduction of new instruments manufactured
by third parties, risks associated with competing in the human
diagnostic market, risks related to the protection of Trinity
Biotech’s intellectual property or claims of infringement of
intellectual property asserted by third parties and risks related
to condition of the United States economy and other risks detailed
under “Risk Factors” in Trinity Biotech’s annual report on Form
20-F for the fiscal year ended December 31, 2023 and Trinity
Biotech’s other periodic reports filed from time to time with the
United States Securities and Exchange Commission. Forward-looking
statements speak only as of the date the statements were made.
Trinity Biotech does not undertake and specifically disclaims any
obligation to update any forward-looking statements.
About Trinity Biotech
Trinity Biotech is a commercial stage
biotechnology company focused on human diagnostics and diabetes
management solutions, including wearable biosensors. The
Company develops, acquires, manufactures and markets diagnostic
systems, including both reagents and instrumentation, for the
point-of-care and clinical laboratory segments of the diagnostic
market and has recently entered the wearable biosensor industry,
with the acquisition of the biosensor assets of Waveform
Technologies Inc. and intends to develop a range of biosensor
devices and related services, starting with a continuous glucose
monitoring product. Our products are used to detect infectious
diseases and to quantify the level of Haemoglobin A1c and other
chemistry parameters in serum, plasma and whole blood. Trinity
Biotech sells direct in the United States and through a network of
international distributors and strategic partners in over 75
countries worldwide. For further information, please see the
Company's website: www.trinitybiotech.com.
Contact: Trinity Biotech plc
Louise
Tallon
(353)-1-2769800
LifeSci Partners, LLCEric
Ribner (1)-646-751-4363
investorrelations@trinitybiotech.com
RedChip Companies Inc.Dave Gentry,
CEO(1)-407-644-4256TRIB@redchip.com
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