24.07.2018
MorphoSys AG DE0006632003
DGAP-News: MorphoSys Announces Appointment of Jennifer Herron as President of MorphoSys US Inc. and Executive Vice President, Global Commercial
DGAP-News: MorphoSys AG / Key word(s): Miscellaneous
MorphoSys Announces Appointment of Jennifer Herron as President of MorphoSys
US Inc. and Executive Vice President, Global Commercial (news with
additional features)
24.07.2018 / 22:01
The issuer is solely responsible for the content of this announcement.
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Planegg/Munich, Germany, July 24, 2018
MorphoSys Announces Appointment of Jennifer Herron as President of MorphoSys
US Inc. and Executive Vice President, Global Commercial
MorphoSys AG (FSE: MOR; Prime Standard Segment, TecDAX; NASDAQ: MOR)
announced today the appointment of Jennifer L. Herron as President of
MorphoSys US Inc. and Executive Vice President, Global Commercial, effective
July 23, 2018. Ms. Herron was also appointed as member of the Board of
Directors of MorphoSys US Inc. In this newly created role, Ms. Herron will
lead the build of MorphoSys's U.S. subsidiary with a focus on establishing
the Company's commercial capabilities in the U.S. While the MorphoSys
corporate headquarters will remain in Planegg near Munich, Germany, the
MorphoSys US Inc. operations, which will be located in New Jersey, will
establish a strong U.S. footprint in preparation for the planned
commercialization of MOR208.
"I am delighted to welcome Jennifer Herron to MorphoSys US Inc.," commented
Dr. Simon Moroney, Chief Executive Officer of MorphoSys AG and Chairman of
the Board of Directors of MorphoSys US Inc. "Jennifer brings an impressive
range of marketing and commercial expertise across multiple therapeutic
areas, particularly in oncology. This experience along with her strong
record of accomplishment in big pharma and mid-sized biotechnology companies
makes her the ideal person to lead our newly founded U.S. operations and to
spearhead the growth of our commercial capabilities. Her background is well
aligned with our existing management team as we prepare to commercialize our
lead hematology-oncology program MOR208 in the U.S., for which, pending
prior FDA approval, we want to be ready by the first half of 2020."
Ms. Herron built her career in leadership positions in commercial, marketing
and general management in the global pharmaceutical industry over the last
27 years. She joins MorphoSys after her previous role as Executive Vice
President and Chief Commercial Officer at ARIAD Pharmaceuticals (today:
Takeda), where she was responsible for the commercial vision, strategy,
operating model and execution worldwide to include Iclusig(R) (ponatinib)
commercialization, launch readiness for Alunbrig(R) (brigatinib) and
ultimately the transition of the commercial organization to Takeda as part
of the acquisition. Before that, she worked ten years for Bristol-Myers
Squibb (BMS), where she served in various roles of increasing leadership
responsibility including the turnaround of the Orencia(R) business as Vice
President US Immunology; and the launch of the Immuno Oncology portfolio as
General Manager, Puerto Rico and the Caribbean. Prior to joining BMS, Ms.
Herron worked in various marketing roles in oncology for Novartis Oncology
and SmithKline Beecham Oncology (today: GSK). Ms. Herron started her career
as a clinical research associate at Boehringer Mannheim Pharmaceuticals
(today: Roche). Ms. Herron earned a Bachelor of Arts in Biology and
Economics from Lehigh University, Pennsylvania, and an MBA from Georgetown
University, Washington D.C.
"I am thrilled to be joining MorphoSys US Inc. at such a pivotal time in the
Company's development given MorphoSys's strategic growth initiatives,"
commented Ms. Herron. "My previous experience in leading U.S. product
launches for growing international companies made this a particularly
exciting opportunity. I look forward to working closely with the entire
MorphoSys team to build our U.S. presence - both in preparation for the
potential approval and launch of MOR208 and in anticipation of other key
upcoming pipeline milestones."
About MorphoSys
MorphoSys is a late-stage, biopharmaceutical company devoted to the
development of innovative and differentiated therapies for patients
suffering from serious diseases. Based on its technological leadership in
generating antibodies, MorphoSys, together with its partners, has developed
and contributed to the development of more than 100 product candidates, of
which 28 are currently in clinical development. This broad pipeline spans
MorphoSys's two business segments: Proprietary Development, in which the
Company invests in product candidates for its own account, and Partnered
Discovery, in which product candidates are developed exclusively for a
variety of Pharma and Biotech partners. In 2017, Tremfya(R) (guselkumab),
marketed by Janssen, became the first therapeutic antibody based on
MorphoSys's proprietary technology to receive marketing approval for the
treatment of moderate to severe plaque psoriasis in the United States, the
European Union and Canada. MorphoSys is listed on the Frankfurt Stock
Exchange and on the U.S. stock exchange Nasdaq, under the symbol MOR. For
regular updates about MorphoSys, visit http://www.morphosys.com.
HuCAL(R), HuCAL GOLD(R), HuCAL PLATINUM(R), CysDisplay(R), RapMAT(R),
arYla(R),
Ylanthia(R), 100 billion high potentials(R), Slonomics(R), Lanthio Pharma(R)
and LanthioPep(R) are registered trademarks of the MorphoSys Group.
Tremfya(R)
is a trademark of Janssen Biotech, Inc.
Iclusig(R) and Alunbrig(R) are registered trademarks of ARIAD
Pharmaceuticals, Inc., a wholly owned subsidiary of Takeda. Orencia(R) is a
registered trademark of Bristol-Myers Squibb Company.
MorphoSys forward looking statements
This communication contains certain forward-looking statements concerning
the MorphoSys group of companies, to the appointment and upcoming tasks of a
new President of MorphoSys US Inc. and Executive Vice President Global
Commercial, the development of a new U.S. subsidiary and of commercial
capabilities, in particular with respect to MOR208, and the planned
transition of MorphoSys to a fully integrated biopharmaceutical company, the
expected time of launch of MOR208, interaction with regulators, including
the potential approval of MorphoSys's current or future drug candidates,
including discussions with the FDA regarding the potential approval to
market MOR208, and expected royalty and milestone payments in connection
with MorphoSys's collaborations and of the anticipation of other upcoming
pipeline milestones. The forward-looking statements contained herein
represent the judgment of MorphoSys as of the date of this release and
involve known and unknown risks and uncertainties, which might cause the
actual results, financial condition and liquidity, performance or
achievements of MorphoSys, or industry results, to be materially different
from any historic or future results, financial conditions and liquidity,
performance or achievements expressed or implied by such forward-looking
statements. In addition, even if MorphoSys's results, performance, financial
condition and liquidity, and the development of the industry in which it
operates are consistent with such forward-looking statements, they may not
be predictive of results or developments in future periods. Among the
factors that may result in differences are that MorphoSys's expectations
regarding the anticipated build-up of its U.S. subsidiary and its commercial
capabilities in the U.S. may be incorrect, MorphoSys's expectations
regarding its development programs may be incorrect, in particular regarding
MOR208, the inherent uncertainties associated with competitive developments,
clinical trial and product development activities and regulatory approval
requirements (including that MorphoSys may fail to obtain regulatory
approval for MOR208 and that data from MorphoSys's ongoing clinical research
programs may not support registration or further development of its product
candidates due to safety, efficacy or other reasons), MorphoSys's reliance
on collaborations with third parties, estimating the commercial potential of
its development programs and other risks indicated in the risk factors
included in MorphoSys's Registration Statement on Form F-1 and other filings
with the U.S. Securities and Exchange Commission. Given these uncertainties,
the reader is advised not to place any undue reliance on such
forward-looking statements. These forward-looking statements speak only as
of the date of publication of this document. MorphoSys expressly disclaims
any obligation to update any such forward-looking statements in this
document to reflect any change in its expectations with regard thereto or
any change in events, conditions or circumstances on which any such
statement is based or that may affect the likelihood that actual results
will differ from those set forth in the forward-looking statements, unless
specifically required by law or regulation.
For more information, please contact:
MorphoSys AG
Alexandra Goller
Associate Director Corporate Communications & IR
Jochen Orlowski
Associate Director Corporate Communications & IR
Dr. Claudia Gutjahr-Löser
Investor Relations Officer
Tel: +49 (0) 89 / 899 27-404
[email protected]
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=IVRGUDWFEH
Document title: Media Release
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24.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: MorphoSys AG
Semmelweisstr. 7
82152 Planegg
Germany
Phone: +49 (0)89 899 27-0
Fax: +49 (0)89 899 27-222
E-mail: [email protected]
Internet: www.morphosys.com
ISIN: DE0006632003
WKN: 663200
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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707491 24.07.2018
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