Sector News

Lilly Bio-Medicines chief Christi Shaw steps aside

July 12, 2019
Life sciences

Early into an important launch for Emgality and amid rollouts for other key meds, Eli Lilly Bio-Medicines chief Christi Shaw is stepping aside.

Shaw will work with the drugmaker through the end of August and then will be replaced by Lilly’s top exec in Japan, Patrik Jonsson. The position is critical because many of Lilly’s growth drivers fall under Bio-Medicines, particularly after the surprise withdrawal of cancer med Lartruvo.

For example, Shaw is managing the rollout for new CGRP migraine prevention and cluster headache drug Emgality, which won a third-in-class approval last year but is charging ahead against drugs from Amgen and Teva.

And aside of Emgality, Shaw heads up commercialization for plaque psoriasis and psoriatic arthritis drug Taltz, one of Lilly’s top new drugs. It grew sales 68% last year to $937 million. Her group is also gearing up for the potential rollout of acute migraine drug lasmiditan plus pain med tanezumab in a partnership with Pfizer, among other pipeline meds.

Investors didn’t like the news. Lilly’s shares were down about 4% on Thursday morning after the announcement hit. It’s worth noting that shares for many pharma companies were down Thursday after the White House pulled the industry’s favored rebate proposal. Along with Shaw’s move, Lilly said its SVP and general counsel Mike Harrington would retire at the end of the year.

In its statement, Lilly CEO David Ricks said the Bio-Medicines division, under Shaw’s watch, “launched multiple new medicines globally, such as Olumiant and Emgality, and added key development projects to our early and late phase portfolio.”

“I value the external perspective and passion for patients that Christi brought to the company,” he added. Shaw took the Lilly post in April 2017 after leaving Novartis a year earlier for family reasons.

Before her current Lilly stint, Shaw worked at the Indianapolis drugmaker from 1989 to 2002 in sales and marketing. She also has experience with Johnson & Johnson. Lilly didn’t give a reason for her departure.

By Eric Sagonowsky

Source: Fierce Pharma

comments closed

Related News

January 29, 2023

Colorcon, Inc. signs Put agreement with intent to acquire controlled atmosphere packaging specialist Airnov Healthcare Packaging

Life sciences

Airnov provides critical healthcare industries with high-quality, controlled atmosphere packaging, to protect their products from moisture and oxygen. The business has manufacturing facilities in the USA, France, China and India and employs around 700 people.

January 29, 2023

Takeda pledges up to $1.13B for rights to Hutchmed’s cancer drug fruquintinib outside of China

Life sciences

Takeda of Japan has partnered with Hong Kong-based Hutchmed, gaining the commercial rights to colorectal cancer drug fruquintinib outside of China for $400 million up front, plus $730 million in potential milestone payments. Takeda also will help develop fruquintinib, which can be applied to subtypes of refractory metastatic colorectal cancer, regardless of biomarker status, the companies said.

January 29, 2023

Vir taps Bayer dealmaker Marianne De Backer as its next CEO

Life sciences

On April 3, Scangos, who’s been chief executive officer at Vir since the start of 2017, will hand over the reins to Marianne De Backer, Ph.D. De Backer comes over from Bayer, where she currently heads up pharmaceutical strategy, business development and licensing. Alongside her CEO appointment, De Backer is set to join Vir’s board of directors, the company said Wednesday.

How can we help you?

We're easy to reach