Royalty Pharma Announces Expansion of Leadership Team

• Art McGivern joins Royalty Pharma as EVP, Investments & General Counsel
  
  
• George Lloyd promoted to EVP, Investments & Chief Legal Officer

NEW YORK, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) today announced an expansion of its leadership team. Art McGivern has joined Royalty Pharma as Executive Vice President, Investments & General Counsel and George Lloyd has been promoted to Executive Vice President, Investments & Chief Legal Officer.

Pablo Legorreta, Royalty Pharma’s founder and Chief Executive Officer, commented, “We are thrilled that Art will join Royalty Pharma and strengthen our leadership team. Art brings decades of experience in transaction structuring across the life sciences innovation ecosystem. As Royalty Pharma has grown, so too have the demands on the legal team and Art's addition will expand our capacity to execute on our transaction pipeline. Furthermore, we are excited for George to become Chief Legal Officer and oversee our incredibly talented legal team as our responsibilities as a public company increase and our transactions become more complex.”

Art McGivern joins Royalty Pharma from Goodwin Procter where he was a partner in its Life Sciences Group. He has been Royalty Pharma’s lead outside lawyer on substantially all investment transactions since 2012. Art brings experience across public and private securities offerings, mergers and acquisitions, royalty-based financings and other complex transactions, and has advised companies in their ongoing corporate matters. Art has a BSCE from Tufts University and a JD from Boston University.

George Lloyd leads the legal and compliance functions at Royalty Pharma. He joined Royalty Pharma in 2011 after representing Royalty Pharma on all transactional work since 2006. George was previously a partner in Goodwin Procter’s Private Equity Group. He has an AB from Princeton University and a JD from New York University Law School.

About Royalty Pharma

Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly - directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, Kalydeco, Orkambi and Symdeko, Biogen’s Tysabri, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, GSK’s Trelegy, Novartis’ Promacta, Biohaven and Pfizer’s Nurtec ODT, Johnson & Johnson’s Tremfya, Roche’s Evrysdi, Gilead’s Trodelvy, and 12 development-stage product candidates.

Forward-Looking Statements

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