Travere Therapeutics Announces Planned Chief Executive Officer Transition
Travere sets a defined CEO succession from Eric Dube to rare-disease veteran Bradley Campbell, aiming for continuity in its growth strategy.
Eric Dube, Ph.D., has decided to step down as President and Chief Executive Officer in December Following Eight Years of Exemplary Leadership
Bradley L.
“Leading Travere has been the greatest privilege of my career,” said Dr. Dube. “When I became CEO almost eight years ago, I believed we had an opportunity and a responsibility to deliver meaningful innovation to rare disease communities that had waited far too long for better therapies. Together, our team has brought important medicines to patients, built a diverse pipeline and achieved a milestone particularly meaningful to me - the first approved medicine for FSGS. My own experiences with rare disease have also given me a profound appreciation for health, family and time. After considerable reflection, I’ve decided this is the right moment for me to step away from full-time operating roles and devote greater attention to those priorities. I have made that decision with enormous confidence in Travere’s future, its leadership team and in
Since becoming president and chief executive officer in January 2019, Dr. Dube has guided Travere’s evolution into a leading rare disease company. Under his leadership, the Company achieved regulatory approvals in IgA nephropathy and focal segmental glomerulosclerosis (FSGS), expanded its pipeline and capabilities, and strengthened a culture grounded in patients, purpose and performance.
“Eric has led Travere through a period of extraordinary evolution, further establishing the Company as a leader in rare kidney disease and creating a strong foundation for continued growth and positive impact,” said Gary Lyons, chairman of the Travere Board of Directors. “The Board has worked closely and collaboratively with Eric on succession planning and conducted a thoughtful and comprehensive search process focused on the experience and leadership qualities required for the Company’s next chapter. The Board fully supports and respects Eric’s personal decision, and we are deeply grateful for his leadership and his commitment to ensuring a seamless transition.”
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About Travere Therapeutics
At Travere Therapeutics, we are in rare for life. We are a biopharmaceutical company that comes together every day to help patients, families and caregivers of all backgrounds as they navigate life with a rare disease. On this path, we know the need for treatment options is urgent – that is why our global team works with the rare disease community to identify, develop and deliver life-changing therapies. In pursuit of this mission, we continuously seek to understand the diverse perspectives of rare patients and to courageously forge new paths to make a difference in their lives and provide hope – today and tomorrow. For more information, visit travere.com.
Forward Looking Statements
This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Without limiting the foregoing, these statements are often identified by the words “on-track,” “positioned,” “look forward to,” “will,” “would,” “may,” “might,” “believes,” “anticipates,” “plans,” “expects,” “intends,” “potential,” or similar expressions. In addition, expressions of strategies, intentions or plans are also forward-looking statements. Such forward-looking statements include, but are not limited to, references to: statements and expectations regarding the planned transition of the role of President, CEO and Board member from Dr. Dube to Mr. Campbell, and the expected timing and impacts thereof; and statements and expectations regarding the Company’s future growth prospects and ability to reach more people living with rare disease and continue creating meaningful value for all stakeholders. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties related to the planned transition of the role of President, CEO and Board member. The Company also faces risks and uncertainties related to its business and finances in general, the success of its commercial products, risks and uncertainties associated with its preclinical and clinical stage pipeline, risks and uncertainties associated with the regulatory review and approval process, risks and uncertainties associated with enrollment of clinical trials for rare diseases, and risks that ongoing or planned clinical trials may not succeed or may be delayed for safety, regulatory or other reasons. Specifically, the Company faces risks associated with the commercial launch of FILSPARI in FSGS and the ongoing commercialization in IgAN, the timing and potential outcome of its and its partners’ clinical studies, market acceptance of its commercial products including efficacy, safety, price, reimbursement, and benefit over competing therapies, risks related to the challenges of manufacturing scale-up, risks associated with the successful development and execution of commercial strategies for such products, including FILSPARI, and risks and uncertainties related to the current administration, including but not limited to risks and uncertainties related to tariffs and the funding, staffing and prioritization of resources at government agencies including the FDA. The Company also faces the risk that it will be unable to raise additional funding that may be required to complete development of any or all of its product candidates, including as a result of macroeconomic conditions; risks relating to the Company’s dependence on contractors for clinical drug supply and commercial manufacturing; uncertainties relating to patent protection and exclusivity periods and intellectual property rights of third parties; risks associated with regulatory interactions; and risks and uncertainties relating to competitive products, including current and potential future generic competition with certain of the Company’s products, including potential ANDA filings or patent challenges, and technological changes that may limit demand for the Company’s products. The Company also faces additional risks associated with global and macroeconomic conditions, including health epidemics and pandemics, including risks related to potential disruptions to clinical trials, commercialization activity, supply chain, and manufacturing operations. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond our control. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Investors are referred to the full discussion of risks and uncertainties, including under the heading “Risk Factors”, as included in the Company’s most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission.
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Source: Travere Therapeutics, Inc.