Change of Auditor
Released
Released
Announcement PDF
ASX Announcement
Change of Auditor
Sydney Australia, 11 July 2024: Recce Pharmaceuticals Ltd (ASX:RCE, FSE:R9Q), (the
Company), the company developing a New Class of Synthetic Anti-Infectives, advises that in
accordance with Listing Rule 3.16.3, BDO Audit Pty Ltd (BDO Audit) has been appointed as auditor
of the Company.
The appointment follows the resignation of BDO Audit (WA) Pty Ltd (BDO WA) and ASIC’s consent
to the resignation in accordance with s329(5) of the Corporations Act 2001 (Cth) (the Act).
The change of auditor arose as a result of BDO WA restructuring its audit practice whereby audits
will be conducted by BDO Audit, an authorised audit company, rather than BDO WA.
In accordance with s327C of the Act, a resolution will be proposed at the Company’s next Annual
General Meeting to confirm the appointment of the Company’s auditor.
This announcement has been approved for release by Recce Pharmaceuticals Ltd Board.
About Recce Pharmaceuticals Ltd
Recce Pharmaceuticals Ltd (ASX: RCE, FSE: R9Q) is developing a New Class of Synthetic AntiInfectives designed to address the urgent global health problems of antibiotic-resistant superbugs and
emerging viral pathogens.
Recce’s anti-infective pipeline includes three patented, broad-spectrum, synthetic polymer antiinfectives: RECCE® 327 (R327) as an intravenous and topical therapy that is being developed for the
treatment of serious and potentially life-threatening infections due to Gram-positive and Gram-negative
bacteria, including their superbug forms; RECCE® 435 (R435) as an orally administered therapy for
bacterial infections; and RECCE® 529 (R529) for viral infections. Through their multi-layered
mechanisms of action, Recce’s anti-infectives have the potential to overcome the processes utilised
by bacteria and viruses to overcome resistance – a current challenge facing existing antibiotics.
The World Health Organization (WHO) added R327, R435, and R529 to its list of antibacterial products
in clinical development for priority pathogens, recognising Recce’s efforts to combat antimicrobial
resistance. The FDA granted R327 Qualified Infectious Disease Product designation under the
Generating Antibiotic Initiatives Now (GAIN) Act, providing Fast Track Designation and 10 years of
market exclusivity post approval. R327 is also included on The Pew Charitable Trusts’ Global New
Antibiotics in Development Pipeline as the sole synthetic polymer and sepsis drug candidate in
development.
Recce wholly owns its automated manufacturing, supporting current clinical trials. Recce’s antiinfective pipeline aims to address synergistic, unmet medical needs by leveraging its unique
technologies.
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