NATICK, Mass. / Jan 29, 2024 / Business Wire / Allurion Technologies, Inc. (NYSE:ALUR), a company dedicated to ending obesity, today announced the appointment of Brendan Gibbons as its new Chief Legal Officer and corporate secretary.
Brendan joins Allurion with nearly 20 years’ experience as a chief legal and compliance officer at three separate public companies. Most recently, Brendan served as Executive Vice President and Chief Legal Officer at Acushnet Company, the parent company of Titleist and other golf brands and a global leader in product innovation, precision manufacturing, and performance. Prior to Acushnet, Brendan held similar roles at Wolverine Worldwide and Carter’s, Inc. Before going in-house, Brendan worked at Ropes & Gray LLP as a corporate and securities lawyer. Brendan holds bachelor’s degrees from the University of Pennsylvania and a juris doctorate from Boston College Law School.
In this new role, Brendan will lead the company’s legal and compliance strategies, playing a pivotal part in guiding the company's global expansion and upholding its commitment to delivering safe and effective weight loss solutions. Brendan will report directly to Dr. Shantanu Gaur, Allurion’s Founder and CEO, and will serve as key advisor to Dr. Gaur, Allurion’s senior management team, and its Board of Directors.
"We are thrilled to welcome Brendan to Allurion as our Chief Legal Officer," said Dr. Gaur. "His extensive legal experience and proven leadership skills will be instrumental as we continue to innovate and expand our global reach, while ensuring we uphold the highest legal and ethical standards as a publicly traded company.”
“I am incredibly excited to join Allurion at this exciting stage of its life cycle and be part of such an innovative company dedicated to transforming the lives of individuals through cutting-edge weight loss solutions,” said Mr. Gibbons. “I look forward to contributing to Allurion's mission."
About Allurion
Allurion is dedicated to ending obesity. The Allurion Program is a weight-loss platform that combines the Allurion Gastric Balloon, the world’s first and only swallowable, procedure-less gastric balloon for weight loss, the Allurion Virtual Care Suite, including the Allurion Mobile App for consumers, Allurion Insights for healthcare providers featuring the Iris AI Platform, and the Allurion Connected Scale. The Allurion Virtual Care Suite is also available to providers separately from the Allurion Program to help customize, monitor, and manage weight-loss therapy for patients regardless of their treatment plan, whether it is gastric balloon, surgical, medical or nutritional. The Allurion Gastric Balloon is an investigational device in the United States.
For more information about Allurion and the Allurion Virtual Care Suite, please visit www.allurion.com.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of the U.S. federal and state securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “target,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions and include statements regarding time and costs savings resulting from use of the Allurion Program; and future funding of balloon placements by, and expansion of the partnership with, NHS. Forward-looking statements are predictions, projections and other statements about future events that reflect the current beliefs and assumptions of Allurion’s management based on information currently available to them and, as a result, are subject to risks and uncertainties. Many factors could cause actual future results or developments to differ materially from the forward-looking statements in this press release, including but not limited to (i) the ability of Allurion to obtain regulatory approval for and successfully commercialize the Allurion Program, (ii) the timing of and results from its clinical studies and trials, (iii) the evolution of the markets in which Allurion competes and the rise of GLP-1 drugs, (iv) the ability of Allurion to defend its intellectual property and satisfy regulatory requirements, (v) the impact of the COVID-19 pandemic, Russia-Ukraine war and Israel-Hamas war on Allurion’s business, (vi) Allurion’s expectations regarding its market opportunities and (vii) the risk of economic downturns and a changing regulatory landscape in the highly competitive industry in which Allurion operates. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q on November 14, 2023, and other documents filed by Allurion from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Allurion assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Allurion does not give any assurance that it will achieve its expectations.
Last Trade: | US$0.31 |
Daily Change: | -0.0023 -0.73 |
Daily Volume: | 215,636 |
Market Cap: | US$20.190M |
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