hVIVO plc (HVO) Earnings Call Transcript & Summary

The Vox Market Podcast with Justin Waite. Nothing in this Podcast is intended as investment advice and the people in this Podcast may hold positions in the stocks they talk about. Do not buy anything based solely on a tip or recommendation. Please do your own research.

And joining me on the podcast right now is Cathal Friel, Executive Chairman; and Mo Khan, Chief Executive Officer of Open Orphan, ORPH is ticker there. Guys, thanks for joining me.

Justin, thanks for having us this morning.

Thanks, Justin.

Yes, good to have you both on. It's nice to get some positive news out there with all the news about Russian, Ukraine. So Mo new Chief Executive Officer, Cathal explain -- tell me more why is this happening?

Yes. Justin look, I'm delighted to announce the [indiscernible] today. But look, we've seen while we run the market often enough, given a week or 2 or 3. And I'm sure the market will be back in much better shape when the world realizes that Putin is going to stay within Ukraine. He's not going to annoy the rest of Europe. Anyway, that's for the market. Delighted that Mo on board. It's always been my intention in an Open Orphan as we grow the business have proper rail [ serial ] type CEO on board. So Mo has a lifetime experience in the CRL business that allow [indiscernible] onboard as CEO. We've worked together come back to middle of October, he came onboard in the middle of October as a non-exec director. And to be honest, Mo's kindly being [indiscernible] full-time in the road as acting CEO since before Christmas. So the true is I've got a great bit of time to figure out can we work together. We know we can. And just reassuring our clients that I'm going to remain dry hands-on on board as we go forward. I'm the largest shareholder, huge part of my network is tied up in Open Orphan. So it's a very safe hands of Mo, and I'm going to be in the [indiscernible] office 3, 4 days every week very involved. I'll probably spend more time than looking at how we expand the business, capital markets, share price is not where it is, but look, I'm absolutely convinced we're getting back there. And then on Mo's previous tenure set 19 years of [indiscernible] grew it very substantially and then a wonderful successful trade sale 2 years ago. So we're lucky to get them. And I think maybe over to Mo, you can tell us a few words yourself, Mo.

Thanks, Cathal. Thank you for those going words. So yes, I'm all excited and looking forward to Open Orphan as a CEO. I know from a past 4 months working here, Open Orphan is a true leader world leader in human challenge trials. And the work Cathal and the Board and the team have built here is something to be really proud of. Over the last 4 months, I've worked very closely with the management team and got to know them. I got to know the processes and facilities and the different offices and I'm looking forward to working on what they currently have, but also looking at building new service lines, building new viral challenge models, visiting the different offices and engaging with the employees to get their buy in the growth, also kind of working with the customers that we currently have and exploring additional cross-selling opportunities with them. And of course, looking after our loyal shareholder base that's been with us for a while. And as Cathal mentioned, the share price isn't where it should be, but I have full confidence that with what we have ahead of us this year, but the share price will definitely jump up again and get back to where it should be.

Yes. Guys, good to chat to you and it's nice to have you both on board here. And like I said, busy news flow constantly out of Open Orphan. No doubt it will continue, and we'll be catching up in the not-too-distant future. Thank you very much, guys.

Thank you.

Justin, thanks very much.

The Vox Markets Podcast with Justin Waite. Nothing in this Podcast is intended as investment advice, and the people in this Podcast may hold positions in the stocks they talk about. Do not buy anything based solely on a tip or recommendation. Please do your own research.