Sector News

Endo announces change to senior management team

May 11, 2016
Life sciences

Endo International plc today announced that Brian Lortie, President, U.S. Branded Pharmaceuticals, has decided to step down from his position upon the appointment of a successor.

Mr. Lortie joined Endo in 2009 and led its U.S. Pharmaceuticals business with responsibility for all strategic, commercial and operational functions, including sales and marketing, strategy and portfolio development, commercial operations, managed markets, manufacturing, supply chain and quality. Endo has initiated a search with a leading executive recruitment firm to identify a successor for Mr. Lortie, who has agreed to remain with the Company until his replacement is hired.

“I would like to thank Brian for his important contributions to Endo. He led the U.S. Branded business through a time of great transformation – from a franchise largely focused on a small number of legacy pain products to a diversified business with growth drivers across multiple therapeutic areas including pain, specialty, orthopedics and urology,” said Rajiv De Silva, President and CEO of Endo. “While we will miss Brian and his contributions, we will continue to build our U.S. Branded business as Endo focuses on accelerating key growth drivers including XIAFLEX® and BELBUCA™. I would especially like to thank Brian for agreeing to remain in his position through the transition phase. We wish him continued success in his future endeavors.”

Under Mr. Lortie’s guidance, Endo’s U.S. Branded business achieved many significant milestones, including:

  • The restructuring of the core U.S. Branded business to mitigate the impact of Lidoderm® loss of exclusivity;
  • The strengthening of the Commercial Operations function to support the growth of Endo’s U.S. Branded business going forward;
  • The successful acquisition of Auxilium, which added XIAFLEX® and its related pipeline to Endo’s U.S. Branded portfolio;
  • The in-licensing and regulatory approval of BELBUCA™ and the subsequent launch of this differentiated product; and
  • The successful extension of the VOLTAREN® Gel licensing agreement, including securing Endo’s rights to an Authorized Generic.

“It has been a pleasure to have been a part of Endo over what have been truly transformational years for the Company and during a time of great change for the U.S. Branded business,” said Mr. Lortie. “I am proud of what we have achieved and now, will work with Rajiv and the Endo team to transition the U.S. Branded business to new leadership and position it for its next phase of growth.”

Source: Endo International plc

comments closed

Related News

December 3, 2022

Sanofi moves into swanky new Paris HQ designed around hybrid work and sustainability

Life sciences

Monday, the French pharma giant officially moved into its new global home base in Paris, dubbed La Maison Sanofi. The 9,000-square-meter (about 96,875-square-foot) facility comprises two historic buildings and will host around 500 employees, the company explained in a release.

December 3, 2022

As CEO Schultz eyes retirement, Teva taps former Sandoz head Francis as its next leader

Life sciences

On the first day of the new year, former Sandoz chief Richard Francis will take the reins from Schultz, who is hanging up his CEO hat to retire on Dec. 31, Teva said Monday. The news comes a little more than two weeks after Teva publicly said it was looking for Schultz’s replacement.

December 3, 2022

General Electric sets healthcare division spinoff plans

Life sciences

General Electric Co. set the terms for the spinoff of its healthcare division, putting an initial value of roughly $31 billion on the soon-to-be-public company. The Boston conglomerate plans to split into three separate public companies by early 2024. Following the healthcare spinoff, it plans to separate its aerospace business from its power and renewable-energy units.