Algorae Pharmaceuticals (ASX: 1AI) has strengthened its leadership team with the appointment of seasoned pharmaceutical executive Vishal Shah to the role of chief commercial officer.
Mr Shah has over 20 years’ experience in the pharmaceuticals, biotechnology and healthcare industries.
He will spearhead Algorae’s commercial strategy to accelerate growth and expansion into complementary pharmaceutical market segments.
Mr Shah was previously employed by Australasian pharmaceutical wholesaler and distributor HPS Pharmacies, where he was instrumental in accelerating the business’s expansion into new markets, forging high-value partnerships and responsible for shaping the company’s procurement strategy and driving revenue growth.
Mr Shah has also held senior leadership roles at medical technology giant Baxter Healthcare, including associate director of pharmaceuticals for Asia-Pacific and head of pharmaceuticals for Australia–New Zealand.
He helped lead commercial strategy for the $27 billion firm, executing major product launches, managing growth initiatives to enhance revenue and earnings, establishing strategic alliances and optimising commercial operations across international markets.
Mr Shah – who has a pharmacy degree, a master’s in applied science (biotechnology) and an MBA in business administration from Western Sydney University – said he was excited to join Algorae at a pivotal time in the company’s growth.
“Algorae’s artificial-intelligence-driven pharmaceutical strategy offers a competitive edge in transforming drug development and market penetration and I look forward to working with the team to drive commercial success and expand our impact,” he said.
Deeply engaged in shaping the future of healthcare, Mr Shah is a member of the advisory committee for Access Capital Venture in Australia.
He also provides strategic counsel to emerging health-tech startups, helping them navigate the complexities of commercialisation and market entry.
Algorae executive chair David Hainsworth said Mr Shah possessed the right combination of scientific expertise and commercial acumen for his new role with the company.
“Vishal’s extensive experience in scaling up pharmaceutical businesses, forging strategic partnerships and driving revenue growth will be instrumental in propelling Algorae’s artificial intelligence-driven innovation into market success,” he said.
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