Allurion Announces the Appointment of Eli Lilly Veteran, Keith Johns, to Its Board of Directors
03 September 2024 - 2:00PM
Business Wire
Mr. Johns has worked over two decades bringing
leading GLP-1 weight loss drugs and other metabolic drugs to
market
Allurion Technologies, Inc. (NYSE: ALUR), a company dedicated to
ending obesity, today announced the appointment of Keith Johns to
its Board of Directors effective September 2, 2024.
"We are extremely excited to welcome Keith to the Allurion Board
of Directors as we look to capitalize on the significant
opportunity in front of us within the fast-growing obesity
management space," said Dr. Shantanu Gaur, Allurion’s Founder and
CEO. “I believe having Keith as a sounding board as we leverage the
opportunities created by GLP-1s will be a competitive
advantage.”
Omar Ishrak, Allurion’s Co-Chairman and former Chairman and CEO
of Medtronic, added: “Keith is a fantastic addition and brings a
new point of view to our Board. His more than two decades at Eli
Lilly provide him with a unique perspective on the obesity market,
specifically on new product launches, reimbursement dynamics, and
strategic partnerships.”
Over nearly 25 years at Eli Lilly, Mr. Johns held many senior
leadership positions, most recently as head of Global Marketing and
Alliance Management for Lilly’s Diabetes and Obesity Business Unit.
After retiring from Eli Lilly, Mr. Johns became the Chief Operating
Officer at Adipo Therapeutics, a company on the cutting edge of
harnessing the power of brown adipose tissue to advance the
treatment of obesity and related metabolic disorders.
“I am thrilled to join Allurion’s Board of Directors at this
exciting time, not only in Allurion’s journey to become a leading
provider of weight loss therapies but also in the obesity
management space generally, which continues to show explosive
growth and opportunity due to the significant unmet needs of both
people with obesity and health care providers," said Mr. Johns.
About Allurion
Allurion is dedicated to ending obesity. The Allurion Program is
a weight loss platform that features the Allurion Gastric Balloon,
the world’s first and only swallowable, procedure-less intragastric
balloon for weight loss, and offers access to the Allurion Virtual
Care Suite, including the Allurion Mobile App for consumers,
Allurion Insights for health care providers featuring the Coach
Iris AI Platform, and the Allurion Connected Scale. The Allurion
Virtual Care Suite is also available to providers separately from
the Allurion Program to help customize, monitor and manage weight
loss therapy for patients regardless of their treatment plan:
gastric balloon, surgical, medical or nutritional. The Allurion
Gastric Balloon is an investigational device in the United
States.
For more information about Allurion and the Allurion Virtual
Care Suite, please visit www.allurion.com
Allurion is a trademark of Allurion Technologies, Inc. in the
United States and countries around the world.
Forward-Looking Statements
This press release may contain certain forward-looking
statements within the meaning of the U.S. federal and state
securities laws. These forward-looking statements generally are
identified by the words “believe,” “look to,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions and
include statements regarding the ability of the Allurion Program to
leverage the opportunities created by GLP-1 and the Company’s
ability to launch new products and strategic partnerships and
navigate reimbursement dynamics. Forward-looking statements are
predictions, projections and other statements about future events
that reflect the current beliefs and assumptions of Allurion’s
management based on information currently available to them and, as
a result, are subject to risks and uncertainties. Many factors
could cause actual future results or developments to differ
materially from the forward-looking statements in this
communication, including but not limited to (i) the ability of
Allurion to obtain and maintain regulatory approvals for and
successfully commercialize the Allurion Program, including the
Allurion Balloon and the VCS, (ii) the timing of, and results from,
our clinical studies and trials, (iii) the evolution of the markets
in which Allurion competes, (iv) the ability of Allurion to defend
its intellectual property, (v) the impact of the COVID-19 pandemic,
the Russia and Ukraine war, and the Israel-Hamas conflict on
Allurion’s business, (vi) Allurion’s expectations regarding its
market opportunities, including those for the VCS platform, and
(vii) the risk of economic downturns and a changing regulatory
landscape in the highly competitive industry in which Allurion
operates. The foregoing list of factors is not exhaustive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in the “Risk Factors” section of
Allurion’s Annual Report on Form 10-K filed on March 26, 2024 (as
subsequently amended) and other documents filed by Allurion from
time to time with the U.S. Securities and Exchange Commission.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Allurion assumes no obligation and does not intend
to update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise. Allurion
does not give any assurance that it will achieve its
expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240903677485/en/
Global Media Cedric Damour PR Manager +33 7 84 21 02 20
cdamour@allurion.com
Investor Contact Mike Cavanaugh, Investor Relations ICR
Westwicke (617) 877-9641 mike.cavanaugh@westwicke.com
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