Lantheus Appoints Julie Eastland as New Board Member

Rhea-AI Summary

Lantheus Holdings, Inc. (NASDAQ: LNTH), a leading radiopharmaceutical company, has appointed Julie Eastland to its Board of Directors, effective September 3, 2024. Ms. Eastland, an experienced biotechnology and financial executive, will serve as an independent director and member of the Board's Audit Committee. With her addition, the Board now comprises ten directors, eight of whom are independent.

Ms. Eastland brings extensive expertise in finance, strategic planning, operations, and transactions within the biotechnology sector. She currently serves on the boards of Dynavax Technologies and Veana Therapeutics. Her previous roles include CEO of Harpoon Therapeutics and executive positions at ReCode Therapeutics, Rainier Therapeutics, and Cascadian Therapeutics.

Positive

• Appointment of an experienced biotechnology and financial executive to the Board of Directors
• Expansion of the Board to 10 members, with 8 independent directors
• Addition of expertise in finance, strategic planning, operations, and transactions to support company growth

Negative

• None.

BEDFORD, Mass., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. (“Lantheus”) (NASDAQ: LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today announced the appointment of Julie Eastland, an experienced biotechnology and financial executive, to Lantheus’ Board of Directors (“Board”), effective as of September 3, 2024. As an independent director, Ms. Eastland will serve as a member of the Board’s Audit Committee. Following the appointment of Ms. Eastland, the Board will be comprised of ten directors, eight of whom are independent.

“We are thrilled to welcome Julie Eastland to the Lantheus Board of Directors. Ms. Eastland’s extensive biotechnology expertise across finance, strategic planning, operations and transactions will be invaluable as we continue to grow and innovate,” said Mary Anne Heino, Chairperson of the Board of Lantheus. “Ms. Eastland’s proven track record of driving financial success and strategic initiatives aligns with our vision for the future and I am confident that Ms. Eastland’s insights and leadership will play a crucial role in guiding our company’s leadership in radiopharmaceuticals.”

“I am excited to join the Lantheus Board and work with such a talented and experienced team to support the company’s future initiatives,” said Ms. Eastland. “With its strong commitment to innovation and operational excellence, I am confident that we will continue to make significant strides in improving patient care and enhancing the lives of those we serve.”

Ms. Eastland is currently an independent director and chair of the audit committee of Dynavax Technologies Corporation (NASDAQ: DVAX) and an independent director of Veana Therapeutics, a privately held company. Ms. Eastland served as the Chief Executive Officer of Harpoon Therapeutics, a publicly traded company, from November 2021, and a member of its Board of Directors from October 2018, until its acquisition by Merck Sharpe & Dohme in March of 2024. Ms. Eastland previously served as Chief Operating Officer and Chief Financial Officer of ReCode Therapeutics, a privately-held genetics medicine company focused on delivery of novel, anti-viral lipid nanoparticles therapeutics for respiratory diseases. Prior to ReCode, she served as Chief Financial Officer and Chief Business Officer of Rainier Therapeutics; a private biopharmaceutical company focused on targeting FGFR3 in bladder cancer. Before Rainier, she was Chief Financial Officer and Chief Business Officer of Cascadian Therapeutics, a publicly traded company acquired by Seattle Genetics in 2018. Prior to Cascadian, Ms. Eastland served as Chief Financial Officer and Vice President of Finance and Operations of VLST Corporation, a privately held biotechnology company, and held various financial and strategic management positions at publicly traded biotechnology companies including Dendreon and Amgen. Ms. Eastland received an M.B.A. from Edinburgh University Management School and a B.S. in finance from Colorado State University.

About Lantheus 
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 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 “continue,” “execute,” “will” 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).

Contacts:

Lantheus
Mark Kinarney
Vice President, Investor Relations
978-671-8842
ir@lantheus.com

Melissa Downs
Senior Director, External Communications
646-975-2533
media@lantheus.com

FAQ

Who is the new Board member appointed by Lantheus (LNTH)?

Julie Eastland, an experienced biotechnology and financial executive, has been appointed to Lantheus' Board of Directors, effective September 3, 2024.

What positions will Julie Eastland hold on Lantheus' (LNTH) Board?

Julie Eastland will serve as an independent director and a member of the Board's Audit Committee at Lantheus.

How many directors are on Lantheus' (LNTH) Board after Julie Eastland's appointment?

Following Julie Eastland's appointment, Lantheus' Board of Directors now comprises ten directors, eight of whom are independent.

What is Julie Eastland's background and experience relevant to Lantheus (LNTH)?

Julie Eastland has extensive experience in biotechnology, finance, strategic planning, operations, and transactions. She has held executive positions at companies like Harpoon Therapeutics, ReCode Therapeutics, and Cascadian Therapeutics.