Royalty Pharma Announces Expansion of Leadership Team
October 12 2022 - 4:15PM
Royalty Pharma plc (Nasdaq: RPRX) today announced an expansion of
its leadership team. Art McGivern has joined Royalty Pharma as
Executive Vice President, Investments & General Counsel and
George Lloyd has been promoted to Executive Vice President,
Investments & Chief Legal Officer.
Pablo Legorreta, Royalty Pharma’s founder and Chief Executive
Officer, commented, “We are thrilled that Art will join Royalty
Pharma and strengthen our leadership team. Art brings decades of
experience in transaction structuring across the life sciences
innovation ecosystem. As Royalty Pharma has grown, so too have the
demands on the legal team and Art's addition will expand our
capacity to execute on our transaction pipeline. Furthermore, we
are excited for George to become Chief Legal Officer and oversee
our incredibly talented legal team as our responsibilities as a
public company increase and our transactions become more
complex.”
Art McGivern joins Royalty Pharma from Goodwin Procter where he
was a partner in its Life Sciences Group. He has been Royalty
Pharma’s lead outside lawyer on substantially all investment
transactions since 2012. Art brings experience across public and
private securities offerings, mergers and acquisitions,
royalty-based financings and other complex transactions, and has
advised companies in their ongoing corporate matters. Art has a
BSCE from Tufts University and a JD from Boston University.
George Lloyd leads the legal and compliance functions at Royalty
Pharma. He joined Royalty Pharma in 2011 after representing Royalty
Pharma on all transactional work since 2006. George was previously
a partner in Goodwin Procter’s Private Equity Group. He has an AB
from Princeton University and a JD from New York University Law
School.
About Royalty Pharma
Founded in 1996, Royalty Pharma is the largest buyer of
biopharmaceutical royalties and a leading funder of innovation
across the biopharmaceutical industry, collaborating with
innovators from academic institutions, research hospitals and
non-profits through small and mid-cap biotechnology companies to
leading global pharmaceutical companies. Royalty Pharma has
assembled a portfolio of royalties which entitles it to payments
based directly on the top-line sales of many of the industry’s
leading therapies. Royalty Pharma funds innovation in the
biopharmaceutical industry both directly and indirectly - directly
when it partners with companies to co-fund late-stage clinical
trials and new product launches in exchange for future royalties,
and indirectly when it acquires existing royalties from the
original innovators. Royalty Pharma’s current portfolio includes
royalties on more than 35 commercial products, including Vertex’s
Trikafta, Kalydeco, Orkambi and Symdeko, Biogen’s Tysabri, AbbVie
and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s
Xtandi, GSK’s Trelegy, Novartis’ Promacta, Biohaven and Pfizer’s
Nurtec ODT, Johnson & Johnson’s Tremfya, Roche’s Evrysdi,
Gilead’s Trodelvy, and 12 development-stage product candidates.
Forward-Looking Statements
The information set forth herein does not purport to be complete
or to contain all of the information you may desire. Statements
contained herein are made as of the date of this document unless
stated otherwise, and neither the delivery of this document at any
time, nor any sale of securities, shall under any circumstances
create an implication that the information contained herein is
correct as of any time after such date or that information will be
updated or revised to reflect information that subsequently becomes
available or changes occurring after the date hereof. This document
contains statements that constitute “forward-looking statements” as
that term is defined in the United States Private Securities
Litigation Reform Act of 1995, including statements that express
the company’s opinions, expectations, beliefs, plans, objectives,
assumptions or projections regarding future events or future
results, in contrast with statements that reflect historical facts.
Examples include discussion of Royalty Pharma’s strategies,
financing plans, growth opportunities and market growth. In some
cases, you can identify such forward-looking statements by
terminology such as “anticipate,” “intend,” “believe,” “estimate,”
“plan,” “seek,” “project,” “expect,” “may,” “will,” “would,”
“could” or “should,” the negative of these terms or similar
expressions. Forward-looking statements are based on management’s
current beliefs and assumptions and on information currently
available to the company. However, these forward-looking statements
are not a guarantee of Royalty Pharma’s performance, and you should
not place undue reliance on such statements. Forward-looking
statements are subject to many risks, uncertainties and other
variable circumstances, and other factors. Such risks and
uncertainties may cause the statements to be inaccurate and readers
are cautioned not to place undue reliance on such statements. Many
of these risks are outside of Royalty Pharma’s control and could
cause its actual results to differ materially from those it thought
would occur. The forward-looking statements included in this
document are made only as of the date hereof. Royalty Pharma does
not undertake, and specifically declines, any obligation to update
any such statements or to publicly announce the results of any
revisions to any such statements to reflect future events or
developments, except as required by law. Certain information
contained in this document relates to or is based on studies,
publications, surveys and other data obtained from third-party
sources and Royalty Pharma’s own internal estimates and research.
While Royalty Pharma believes these third-party sources to be
reliable as of the date of this document, it has not independently
verified, and makes no representation as to the adequacy, fairness,
accuracy or completeness of, any information obtained from
third-party sources. In addition, all of the market data included
in this document involves a number of assumptions and limitations,
and there can be no guarantee as to the accuracy or reliability of
such assumptions. Finally, while the company believes its own
internal research is reliable, such research has not been verified
by any independent source. For further information, please
reference Royalty Pharma’s reports and documents filed with the
U.S. Securities and Exchange Commission (“SEC”) by visiting EDGAR
on the SEC’s website at www.sec.gov.
Royalty Pharma Investor Relations and
Communications
+1 (212) 883-6772ir@royaltypharma.com
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