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The Business Magazine November 2023
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Oxford based Sensyne appoints new CEO

19 April 2022
The Business Magazine article image for: Oxford based Sensyne appoints new CEO

Oxford-based Sensyne Health has appointed Alex Snow as Chief Executive Officer, replacing Lord Paul Drayson who stepped down earlier this month.

Alex's appointment follows the execution of an amendment and restatement agreement to the note purchase agreement with the Company's secured lenders to provide access to additional capital of up to £20 million to strengthen the financial position of the business.

Alex recently stepped down as chairman of Oxford-based AI drug discovery company Exscientia prior to its successful $2.6 billion Nasdaq IPO.

In light of the amended financing terms, the Sensyne Board has decided to end the Formal Sale Process with immediate effect. The terms for the financing also provide for the delisting of the Company from AIM, subject to the required approval of shareholders. Without access to the additional capital provided by the noteholders pursuant to the Amended and Restated Note Purchase Agreement, the Company is unlikely to be able to continue to trade and would very likely become insolvent and be placed into administration.

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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