Endo Announces Change to Senior Management Team
"I would like to thank Brian for his important contributions to
Under Mr. Lortie's guidance,
- 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'sU.S. Branded business going forward;
- The successful acquisition of Auxilium, which added XIAFLEX® and its related pipeline to
Endo'sU.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'srights to an Authorized Generic.
"It has been a pleasure to have been a part of
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities legislation, including, among others, the statements by Messrs. De Silva and Lortie. Statements including words such as "believes," "expects," "anticipates," "intends," "estimates," "plan," "will," "may," "look forward," "intend," "guidance," "future" or similar expressions are forward-looking statements. Because these statements reflect Endo's current views, expectations and beliefs concerning future events, these forward-looking statements involve risks and uncertainties. Although Endo believes that these forward- looking statements and information are based upon reasonable assumptions and expectations, readers should not place undue reliance on them, or any other forward- looking statements or information in this news release. Investors should note that many factors, as more fully described in the documents filed by Endo with securities regulators in the United States and Canada including under the caption "Risk Factors" in Endo's Form 10-K, Form 10-Q and Form 8-K filings with the Securities and Exchange Commission and with securities regulators in Canada on System for Electronic Document Analysis and Retrieval ("SEDAR") could affect Endo's future financial results and could cause Endo's actual results to differ materially from those expressed in the forward-looking statements contained in this press release. Endo assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required under applicable securities law.
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Investors/Media: Keri P. Mattox, (484) 216-7912; Media: Heather Zoumas-Lubeski, (484) 216-6829