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Lantheus Announces CEO Succession Plan Lantheus Board Member and Pharmaceutical Industry Veteran Brian Markison Appointed Lantheus Chief Executive Officer, Effective

Key Takeaway: Lantheus Holdings, Inc. has appointed Brian Markison as its new CEO, effective March 1, 2024, succeeding Mary Anne Heino, who will transition to Chair of the Board. Markison, a seasoned executive with 40 years in healthcare, has been a board member since 2012 and serves as Executive Chair until his official appointment. Under Heino's leadership, Lantheus saw significant growth, including advancements in radiopharmaceuticals. The company reported preliminary revenues for 2023 between $1.295 and $1.297 billion, reflecting robust growth compared to the previous year.

Market Sentiment Analysis

POSITIVE FACTORS

  • Brian Markison's extensive experience is expected to bolster the company's leadership.
  • Lantheus has shown significant revenue growth, indicating a strong financial outlook.
  • Mary Anne Heino's successful tenure established a strong foundation for future growth.

Full Press Release Details

Lantheus Announces CEO Succession Plan
Lantheus Board Member and Pharmaceutical Industry Veteran Brian Markison Appointed Lantheus Chief Executive Officer, Effective March 1,
Mary Anne Heino to Retire as Chief Executive Officer and Become Chair of the Board of Directors
BEDFORD, Mass., January 23, 2024 Lantheus Holdings, Inc. (the Company) (NASDAQ: LNTH), the leading
radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today announced that the Company has appointed Brian Markison, current Board Chair and industry veteran, to
the position of Chief Executive Officer (CEO), effective as of March 1, 2024. He will also continue as a member of Lantheus Board of Directors, where he has served for the past 11 years. Mary Anne Heino, who has successfully led and grown
the Company for the past nine years, will retire as CEO on March 1, 2024 and assume the role of Chair of the Board of Directors as part of a deliberate CEO succession process. As part of this leadership transition, Mr. Markison will assume
the role of Executive Chair of the Board immediately until his CEO appointment in March, and Board Member Julie McHugh will become Lead Independent Director effective immediately.
Brian is perfectly suited to lead Lantheus as the Company enters its next phase of growth. He has held the Chair role for more than 10 years and in that
role has overseen Company strategy. He knows our exceptional Executive Team well and brings decades of leadership experience as the CEO of public companies with development, commercialization and manufacturing expertise, including in oncology and
neurology therapeutics, said Mary Anne Heino. It has been my honor to lead Lantheus over the past nine years, and I am extremely proud of what we have accomplished. Our leadership as a radiopharmaceutical-focused company and the
contributions Lantheus has made to precision diagnostics have aided healthcare providers and their patients around the world. We have an incredibly talented team at Lantheus, and I look forward to serving as Chair and continuing to partner closely
with Brian and the Executive Team as we focus on our Purpose to Find, Fight and Follow disease to deliver better patient outcomes.
Mr. Markison has 40 years of healthcare experience, including executive roles at King Pharmaceuticals, Fougera Pharmaceuticals and RVL Pharmaceuticals
plc, as well as senior level roles at Bristol-Myers Squibb. Mr. Markison has maintained a steadfast focus throughout his career on oncology, virology, and diagnostics, leading the successful commercial introduction of numerous therapeutics,
ranging from chemotherapy to biologics, across major global markets. He has been a member of the Lantheus Board of Directors since September 2012 and has served as Chairman since January 2013. Mr. Markison most recently served as CEO and
Director of RVL Pharmaceuticals plc, formerly Osmotica Holdings, SCSp. He serves on the Board of Directors of Cosette Pharmaceuticals and is a Director of the College of New Jersey.
On behalf of the Lantheus Board of Directors, I would like to sincerely thank Mary Anne for her remarkable leadership and contributions that helped
drive Lantheus success throughout her tenure as CEO, said Ms. McHugh. We are energized by the experience and expertise Brian brings to this role, and confident in the Company s ability to build on Mary Anne s legacy
by strengthening its leading position in the industry and executing on the compelling opportunities ahead.
Under the leadership of Ms. Heino and the Executive Team, Lantheus marked numerous achievements,
establishing a strong foundation for long-term growth. These included the development and commercialization of the leading prostate-specific membrane antigen (PSMA) targeted positron emission tomography (PET) imaging agent for prostate cancer. She
led the successful acquisition of Progenics, expanding Lantheus lines of business from diagnostic imaging agents to a diverse range of diagnostics, radiotherapeutics and artificial intelligence solutions. Most recently, she executed a
strategic collaboration with POINT Biopharma, enhancing Lantheus radiopharmaceutical portfolio with two late-stage therapeutic candidates; the acquisition of Cerveau Technologies, Inc., expanding the company s imaging pipeline into
Alzheimer s disease; and strategic agreements with Perspective Therapeutics, Inc., a radiopharmaceutical company that is pioneering advanced treatment applications for cancers throughout the body.
I want to thank the Board of Directors for this tremendous opportunity to lead Lantheus as CEO, said Brian Markison. Lantheus has a dynamic
team dedicated to delivering life-changing science to patients and providers across the globe, and we are poised to enhance our growth trajectory by unlocking the potential of our innovative platform to improve patient outcomes and lives. I could
not be more pleased to make this transition from Chair to CEO and lead the company as we execute on the many opportunities that lie ahead.
Preliminary Full Year 2023 Revenue
announced on January 9, 2024, worldwide revenue for the full year 2023 is expected to be in the range of $1.295 - 1.297 billion, which includes a $15 million RELISTOR milestone achievement, compared with $0.935 billion for the
full year 2022, which would represent an increase of approximately 38 - 39% over the prior year period, exceeding the Company s previously issued guidance range of $1.255 - 1.270 billion.
These preliminary results are unaudited and remain subject to adjustment. Lantheus will provide its fourth quarter and full year 2023 financial results, and
further details related to its 2024 financial expectations, in late February 2024.
Lantheus is the leading radiopharmaceutical-focused company, delivering life-changing science to enable clinicians to Find, Fight and Follow disease to deliver
better patient outcomes. Headquartered in Massachusetts with offices in Canada and Sweden, Lantheus has been providing radiopharmaceutical solutions for more than 65 years. For more information, visit www.lantheus.com.
Safe Harbor for Forward-Looking and Cautionary Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that
are subject to risks and uncertainties and are made pursuant to 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. Forward-looking
statements may be identified by their use of terms such as build, capture, continue, executing, expected, guidance, poised, will, would and
other similar terms. Such forward-looking statements are based upon current plans, estimates and expectations that are subject to risks and uncertainties that could cause actual results to materially differ from those described in the
forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Readers are cautioned not to place undue reliance on the forward-looking
statements contained herein, which speak only as of the date hereof. The Company
undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Risks and
uncertainties that could cause our actual results to materially differ from those described in the forward-looking statements are discussed in our filings with the Securities and Exchange Commission (including those described in the Risk Factors
section in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q).
Vice President, Investor Relations
Senior Director, External Communications

Frequently Asked Questions

Who is the new CEO of Lantheus?

Brian Markison has been appointed as Lantheus' CEO, starting March 1, 2024.

What role will Mary Anne Heino take after stepping down?

Mary Anne Heino will retire as CEO and become the Chair of the Board.

What is Brian Markison's background?

He has 40 years of healthcare experience and held executive roles in major companies.

What achievements did Lantheus have under Ms. Heino's leadership?

Lantheus developed key imaging agents and expanded its business through acquisitions.

What are Lantheus' expected revenues for 2023?

The expected revenue for 2023 is between $1.295 and $1.297 billion.

Last updated: Jan 23, 2024