Full Press Release Details
Leadership Transition
Appoints Industry Veteran and Current Director
Mark L. Reisenauer as CEO, Effective Immediately
Company Will Report Third Quarter Results on
November 10, 2025 and Expects to Update Guidance Within the Current Range at That Time
LAKE FOREST, Ill., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Assertio Holdings,
Inc. ("Assertio" or the "Company") (Nasdaq: ASRT), today announced that its Board of Directors (the "Board")
has appointed director Mark L. Reisenauer as the Company's Chief Executive Officer ("CEO"), effective immediately. As
part of this transition, current CEO Brendan P. O'Grady will be departing the Company.
Heather L. Mason, Chair of the Board of Directors, stated, "After
significant deliberation, the Board determined that Mark is best suited to lead Assertio through its next phase. As we enter 2026, our
goal is to accelerate growth while enhancing efficiency to deliver long-term value for shareholders and patients. Given Mark's extensive
experience successfully building and launching franchises and products in both the oncology and specialty spaces and his in-depth knowledge
of our business, he is highly qualified to take on this role. In Mark's new role, Assertio stakeholders will be able to further
benefit from his track record of leading commercially driven organizations, creating strategies, driving lifecycle management and assessing
business development opportunities."
Reisenauer said, "I believe Assertio has significant potential
and I look forward to working closely with our Board, leadership team and employees to reach more patients with our medicines and create
value for shareholders. The team and I will be providing further updates on our third-quarter earnings call."
Mason continued, "The Board would like to thank Brendan for his
contributions to Assertio and we wish him further success in the future."
O'Grady said, "It has been a privilege to lead at Assertio.
I am deeply grateful to our employees for their dedication and hard work, which has driven meaningful progress in a short time."
Third Quarter 2025 Conference Call and Financial Results
Assertio today also announced that it will release third quarter 2025
financial results on November 10, 2025, after the market close. Additionally, Assertio's management will host a live webcast conference
call at 4:30 p.m. Eastern Time on November 10 to discuss the financial results and provide business updates on the Company's 2025
strategic plans. The Company expects to update guidance within the current range at that time.
To access the live webcast, conference call information, and other
materials, please visit Assertio's investor relations website at http://investor.assertiotx.com/overview/default.aspx. Please
connect at least 10 minutes prior to the live webcast to ensure adequate time for any software download that may be needed to access
A webcast replay of the call will be available approximately two hours
after the call on Assertio's investor website.
Mark Reisenauer Biography
Mr. Reisenauer, who joined Assertio's Board in January 2025,
has more than 30 years of experience successfully commercializing and launching products in the oncology space. He previously served as
President of U.S. Commercial at Astellas Pharmaceuticals Inc., where he grew sales to nearly $5 billion while overseeing Marketing, Sales,
Policy and Government Affairs, and Market Access for Oncology, Specialty, and Hospital products. Earlier at Astellas, he built the U.S.
Oncology Commercial Franchise. Before that, he was Senior Vice President and Chief Commercial Officer at Micromet, Inc. (acquired by Amgen),
leading commercial launch and pipeline development, and held senior roles at Abbott Laboratories, where he led global commercialization,
licensing, and R&D strategy for oncology products and co-chaired the Oncology Therapeutic Executive Committee.
Assertio is a pharmaceutical company with comprehensive commercial
capabilities offering differentiated products designed to address patients' needs. Our focus is on supporting patients by marketing
products in oncology, neurology, and pain management. To learn more about Assertio, visit www.assertiotx.com.
Forward Looking Statements
Statements in this communication that are not historical facts are
forward-looking statements that reflect Assertio's current expectations, assumptions and estimates of future performance and economic
conditions. These forward-looking statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among
other things, future events or the future performance or operations of Assertio, including risks related to the subject matter of this
communication and our ability to realize the benefits from our operating model, deliver or execute on our business strategy, including
to expand or diversify our asset base and market reach and drive cash flows and growth, successfully integrate new assets, and explore
new business development initiatives. All statements other than historical facts may be forward-looking statements and can be identified
by words such as "anticipate," "believe," "could," "design," "estimate," "expect,"
"forecast," "goal," "guidance," "imply," "intend," "may," "objective,"
"opportunity," "outlook," "plan," "position," "potential," "predict,"
"project," "prospective," "pursue," "seek," "should," "strategy,"
"target," "would," "will," "aim" or other similar expressions that convey the uncertainty
of future events or outcomes and are used to identify forward-looking statements. Such forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of Assertio, including
the risks described in Assertio's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the U.S. Securities and
Exchange Commission ("SEC") and in other filings Assertio makes with the SEC from time to time.
Investors and potential investors are urged not to place undue reliance
on forward-looking statements in this communication, which speak only as of this date. While Assertio may elect to update these forward-looking
statements at some point in the future, it specifically disclaims any obligation to update or revise any forward-looking-statements contained
in this press release whether as a result of new information or future events, except as may be required by applicable law.
Chief Financial Officer