Financial News

Olfactive Biosolutions Hires COO; Enhances Senior Management Team

Olfactive Biosolutions, the leader in adapting food molecules to treat chronic diseases, has hired David W. Allen, a long-time food industry executive, as its new Chief Operating Officer.

Mr. Allen joins Nils Lommerin, Olfactive’s President and CEO; along with Chris Hanson, Chief Technology Officer; Birgit Cameron, Chief Commercial Officer and John Mumaugh, Senior Vice President of Sales and Marketing on the company’s executive staff.

“We have built a world-class senior management team that is bringing our Pivit™ product to market early this year,” said Mr. Lommerin. “As we roll out our products for weight loss, lowering blood pressure and blood sugar, and alleviating other chronic conditions, Dave’s many years of experience in the food industry will be incredibly valuable to our young company as he synchronizes ingredient procurement, soft gel manufacturing, packaging and fulfilment partners to give our customers excellent service.”

Prior to joining Olfactive, Mr. Allen has overseen operations for a number of important companies, including Frito-Lay Corporation, Dell Computer and Del Monte Foods.

About Olfactive Biosolutions

Olfactive Biosolutions is the leader in harnessing food molecules to treat chronic diseases. It has developed world-leading receptor technology and expertise in both ectopic receptors in the gut, lungs, skin, heart, blood and elsewhere, and olfactory and taste receptors in the nose and tongue.

Its unique technology demonstrates how ectopic receptors often perform the same physiological tasks as active pharmaceutical ingredients or APIs, and what ligands activate or inhibit them.

To learn more, visit https://olfactive.bio or follow us on LinkedIn.

Contacts

Investor Contact:

Nils Lommerin

(949) 205-5776

Media Contact:

Deb Stapleton

(650) 815-1239

deb@olfactive.bio

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