GI Dynamics Appoints Medical, Financial Markets Veteran to its Board

GI Dynamics Inc., a medical device company that commercialized EndoBarrier in Europe, the Middle East, and South America for patients with type 2 diabetes and obesity, has appointed medical and financial markets veteran Juliet Thompson to the company’s board of directors, effective immediately.
 
Thompson has assumed the role of non-executive director (NED) and the role of chair of the GI Dynamics audit committee. Graham Bradley, former chair of the audit committee, will remain as a member of the committee to ensure continuity.

“Ms. Thompson brings significant experience in healthcare, entrepreneurial development and capital markets, most notably on the London-based AIM market,” said Dan Moore, chair of GI Dynamics. “She has also led the development of numerous ventures and has a wealth of early-stage experience that is relevant to the development of GI Dynamics.”
 
Thompson, a chartered accountant, is also NED of Nexstim Limited, a medical technology company quoted on Nasdaq First North Finland and Nasdaq First North Sweden, NED of Novacyt SA, a diagnostic company, listed on Euronext, and is the chair of Premier Veterinary Group plc, the London Stock Exchange-listed provider of services to third-party veterinary practices. Thompson has advised and raised capital for healthcare companies for more than 20 years and founded Code Securities, a healthcare investment banking firm that was sold to Nomura.
 
After the sale to Nomura, she served as head of corporate finance and managing director on the board of Nomura Code, which executed more than 150 life science financing transactions, including 40 initial public offerings, raising more than 4 billion euros. In her final role, she led the European health care practice at Stifel, a diversified financial services holding company.

“Over the past few months, I have reviewed the type 2 diabetes and obesity market, EndoBarrier, the leadership team and evaluated the history of GI Dynamics. I reached the conclusion that this is a great opportunity with a highly experienced and engaged team with significant potential for patient benefit and investor upside. I’m excited to join and help guide the company,” said Thompson. “I look forward to working with the GI Dynamics board and leadership team as we work to appropriately capitalize GI Dynamics and lead the company into the future.”
 
Thompson resides in the United Kingdom and brings significant experience with London capital markets to the GI Dynamics board of directors.
 
“We look forward to working with Ms. Thompson over the coming years as we position GI Dynamics and EndoBarrier to best serve the rapidly growing patient population in the type 2 diabetes and obesity space,” said Moore.
 
GI Dynamics is the developer of EndoBarrier, the first endoscopically-delivered device approved for the treatment of type 2 diabetes and obesity. EndoBarrier is not approved for sale in the United States and is limited by federal law to investigational use only in the United States. Founded in 2003, GI Dynamics is headquartered in Boston, Mass.