Lilly to see leadership transitions in diabetes/obesity business

4 October 2023

US pharma major Eli Lilly (NYSE: LLY) today revealed that Mike Mason, executive vice president and president of Lilly Diabetes and Obesity, will retire at the end of 2023 after 34 years with the company.

The move comes just as Lilly anticipates an FDA weight loss approval by year-end for its in-demand diabetes drug Mounjaro (tirzepatide, which would then compete in the massive therapy sector with Danish firm Novo Nordisk (NOV: N) already marketed Wegovy (semaglutide).

Over the last two decades, Mr Mason has served in the leadership of Lilly's Neuroscience and Diabetes businesses to achieve significant growth and leading market positions. Over the last four years at the helm of Lilly Diabetes and Obesity, Mr Mason has overseen tirzepatide's late-stage development and unprecedented diabetes launch while establishing and preparing the company's obesity franchise for its anticipated launch.

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