Joe Anderson appointed as CEO

LONDON, 19 February 2019: Arix Bioscience plc (LSE:ARIX) ("Arix" or the “Company”), a global healthcare and life science company supporting medical innovation, today announces that Chief Investment Officer, Joe Anderson, has been reappointed as Chief Executive Officer and will re-join the Arix Board.

Jonathan Peacock, Executive Chairman, will become Non-Executive Chairman and Sir Christopher Evans will retire from the Board, remaining a consultant to the Company. These changes will take place with immediate effect, recognising the continued strong performance of the portfolio and pipeline development.

Jonathan Peacock, Chairman of Arix Bioscience, commented:

“Arix has rapidly built a strong, diverse portfolio and a top tier investment team who continue to build value, both in our portfolio companies and for our shareholders. We have benefited from Joe’s focus as CIO over the recent months and the changes announced today build on this and reflect a clear shift towards a leaner organisation that will continue to drive the Company’s strong growth.”

“Arix has a great future ahead and I appreciate this opportunity to lead the organisation through its next stage of growth. We have a highly talented investment team and part of my role will be to focus resources on this aspect of our business and reduce our cost structure elsewhere. Our core value is in the portfolio of companies we have built, and continue to build. We have seen rapid growth in our net asset value and we are confident that this will convert into value for shareholders, whilst the pipeline of new opportunities remains strong. I appreciate the confidence placed in me by the Board to lead this exceptional organisation as we continue to deliver on our strategy.”

Joe Anderson, Chief Executive Officer of Arix Bioscience

Sir Chris Evans, commented:

“It has been rewarding to see Arix develop such a high-quality team and portfolio of innovative companies, led by some of the most successful scientists and entrepreneurs in biotech. The completion of a three-year term as a director is an appropriate time for me to retire from the board. As a founder of the company, committed shareholder and continued adviser I will continue to support Arix and look forward to seeing it grow under Joe’s leadership and most importantly to realise the potential value of its portfolio and platform.”