Probiodrug has named Dr. Ulrich Dauer as CEO. As one of the founders, Ulrich previously worked 14 years as CEO of 4SC AG, attracting multiple private and, upon the company's IPO in 2005, public investors. Under his leadership, 4SC closed multiple industry partnerships with international biopharmaceutical companies. In subsequent leadership positions, he executed in 2014 the €130 million trade sale of Activaero, and later took up CEO positions in a number of privately held biotech companies. Probiodrug's current CEO and co-founder of the company, Dr. Konrad Glund, has retired, but will continue to serve the company in an advisory role.