Kitov Pharmaceuticals names Gil Ben-Menachem VP of business development
Israel-based Kitov Pharmaceuticals (TASE: KTOV) has appointed Gil Ben-Menachem as vice president business development.
The appointment follows Kitov's recent announcement that the pivotal Phase III trial of its lead drug candidate KIT-302 successfully met its primary endpoint. A combination drug, KIT-302, simultaneously treats osteoarthritis pain as well as hypertension, which is a common side effect of non-steroidal anti-inflammatory (NSAID) drugs.
Kitov chief executive Isaac Israel said: "Dr Ben-Menachem has a very strong track record of performance in the industry and we believe his appointment will drive Kitov's business development efforts towards achieving our strategic goals."
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