Pharnext Announces Dr. David Horn Solomon Resignation From His Duties as CEO and Director, Appoints Joshua Schafer As Interim CEO and Dr. Jim Kuo As Director

Pharnext SA ALPHA:

• THE BOARD OF DIRECTORS OF PHARNEXT ACKNOWLEDGES THE RESIGNATION OF DR. DAVID HORN SOLOMON FROM HIS DUTIES AS CHIEF EXECUTIVE OFFICER AND DIRECTOR OF THE COMPANY

• EFFECTIVE NOVEMBER 27TH, 2022, JOSHUA SCHAFER WILL SERVE AS INTERIM CEO WHILE RETAINING HIS ROLE AS CHAIRMAN OF BOARD

• BOARD OF DIRECTORS HAS CHOSEN DR. JIM KUO, CURRENTLY OBSERVER OF COMPANY, TO IMMEDIATELY SUCCEED DR. DAVID HORN SOLOMON AS DIRECTOR