What is the main focus of the recent promotional changes at Arcutis Biotherapeutics?

Arcutis Biotherapeutics has made strategic promotions within its leadership team to further growth and position itself for future success, particularly in enhancing its ZORYVE product portfolio.

Who has been promoted to executive vice president and chief medical officer at Arcutis?

Patrick Burnett is promoted to executive vice president and chief medical officer, acknowledging his leadership in advancing Arcutis’ pipeline and securing regulatory approvals for ZORYVE.

What notable role has L. Todd Edwards been promoted to at Arcutis Biotherapeutics?

L. Todd Edwards has been promoted to executive vice president and chief commercial officer, recognized for his significant impact on driving the growth of the ZORYVE franchise since he joined the company.

What is Kent Taylor's new position following his promotion at Arcutis?

Kent Taylor has received a promotion to senior vice president of sales due to his strong sales performance and leadership during the launch of ZORYVE products.

What is the CEO's perspective on the impact of the recent promotions on Arcutis’ future?

CEO Frank Watanabe expressed confidence in the promoted leaders' ability to drive Arcutis towards future achievements, emphasizing their crucial contributions to the company's growth.

Arcutis Announces Promotions on Executive Management Team

12/3/24 8:00:00 AM ET

$ARQT

Biotechnology: Pharmaceutical Preparations

Health Care

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Strategic appointments support further growth and position Company for future success

WESTLAKE VILLAGE, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT), a commercial-stage biopharmaceutical company focused on developing meaningful innovations in immuno-dermatology, today announced several promotions to support further growth of Arcutis and the ZORYVE^® (roflumilast) portfolio.

Patrick Burnett, MD, PhD, FAAD, chief medical officer, has been promoted to executive vice president, chief medical officer. Dr. Burnett joined Arcutis in August 2020 and has led the advancement of the Arcutis pipeline and scientific evidence generation. His accomplishments include the completion of numerous Phase 3 programs for ZORYVE, multiple regulatory approvals of ZORYVE in the United States and Canada, as well as preclinical development efforts for ARQ-255 and ARQ-234. Prior to Arcutis, Dr. Burnett, who is a dermatologist, served as chief medical officer at Verrica Pharmaceuticals and as associate vice president of clinical development at Sun Pharmaceuticals where he oversaw the company's dermatology and rheumatology pipeline.

L. Todd Edwards, chief commercial officer, has been promoted to executive vice president, chief commercial officer. Mr. Edwards is an industry veteran with more than 25 years of experience in sales, marketing, market access, and general management experience. Since joining Arcutis in September 2023, Mr. Edwards has revamped Arcutis' commercial operations and has driven dramatic growth of the ZORYVE franchise. Previously, Mr. Edwards served as group vice president and business unit head of immunology at Incyte where he led the successful launch and commercialization of their topical JAK inhibitor for atopic dermatitis, as well as senior vice president and head of global immunology operations and strategy at UCB.

Kent Taylor has been promoted to senior vice president of sales, having joined Arcutis in late November of 2023 as vice president of sales. This promotion comes in recognition of Mr. Taylor's strong sales performance and exceptional leadership on the launch of ZORYVE foam and ZORYVE cream. An industry veteran with over 25 years of experience in dermatology, Mr. Taylor has held sales and marketing leadership roles at multiple companies prior to joining Arcutis, including Incyte, Encore Dermatology, Medicis, and 3M Pharmaceuticals.

"These promotions reflect the outstanding contributions and dedication of Todd, Patrick, and Kent. Their leadership and expertise have been instrumental in our company's growth and success, including the market adoption and preference for ZORYVE across multiple indications. I have full confidence in their ability to drive our organization forward and position us for even greater achievements in the future," said Frank Watanabe, president and CEO.

About Arcutis

Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) is a commercial-stage medical dermatology company that champions meaningful innovation to address the urgent needs of individuals living with immune-mediated dermatological diseases and conditions. With a commitment to solving the most persistent patient challenges in dermatology, Arcutis has a growing portfolio including three FDA approved products that harness our unique dermatology development platform coupled with our dermatology expertise to build differentiated therapies against biologically validated targets. Arcutis' dermatology development platform includes a robust pipeline with multiple clinical programs for a range of inflammatory dermatological conditions including scalp and body psoriasis, atopic dermatitis, and alopecia areata. For more information, visit www.arcutis.com or follow Arcutis on LinkedIn, Facebook, Instagram and X.

INDICATIONS

ZORYVE cream, 0.3%, is indicated for topical treatment of plaque psoriasis, including intertriginous areas, in adult and pediatric patients 6 years of age and older.

ZORYVE cream, 0.15%, is indicated for topical treatment of mild to moderate atopic dermatitis in adult and pediatric patients 6 years of age and older.

ZORYVE foam, 0.3%, is indicated for the treatment of seborrheic dermatitis in adult and pediatric patients 9 years of age and older.

IMPORTANT SAFETY INFORMATION

ZORYVE is contraindicated in patients with moderate to severe liver impairment (Child-Pugh B or C).

Flammability: The propellants in ZORYVE foam are flammable. Avoid fire, flame, and smoking during and immediately following application.

The most common adverse reactions (≥1%) for ZORYVE cream 0.3% for plaque psoriasis include diarrhea (3.1%), headache (2.4%), insomnia (1.4%), nausea (1.2%), application site pain (1.0%), upper respiratory tract infection (1.0%), and urinary tract infection (1.0%).

The most common adverse reactions (≥1%) for ZORYVE cream 0.15% for atopic dermatitis include headache (2.9%), nausea (1.9%), application site pain (1.5%), diarrhea (1.5%), and vomiting (1.5%).

The most common adverse reactions (≥1%) for ZORYVE foam 0.3% for seborrheic dermatitis include nasopharyngitis (1.5%), nausea (1.3%), and headache (1.1%).

Please see full Prescribing Information for ZORYVE foam and full Prescribing Information for ZORYVE cream.

Forward-Looking Statements

Arcutis cautions you that statements contained in this press release regarding matters that are not historical facts are forward-looking statements. These statements are based on the Company's current beliefs and expectations. Such forward-looking statements include, but are not limited to, statements regarding the potential growth and adoption for ZORYVE across multiple indications and the potential sales growth of the company. These statements are subject to substantial known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Risks and uncertainties that may cause our actual results to differ include risks inherent in our business, reimbursement and access to our products, and the impact of competition and other important factors discussed in the "Risk Factors" section of our Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on February 27, 2024, as well as any subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements in this press release. We undertake no obligation to revise or update information herein to reflect events or circumstances in the future, even if new information becomes available. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Contacts:

Media

Amanda Sheldon, Head of Corporate Communications

[email protected]

Investors

Latha Vairavan, Vice President, Finance and Corporate Controller

[email protected]

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Recent Analyst Ratings for

$ARQT

Date	Price Target	Rating	Analyst
8/28/2024	$15.00	Buy	Jefferies
1/3/2024	$4.00 → $8.00	Neutral → Buy	Mizuho
10/26/2023	$57.00 → $4.00	Buy → Neutral	Mizuho
10/13/2023	$32.00 → $6.00	Buy → Neutral	Goldman
9/7/2022	$46.00	Buy	Needham
3/17/2022	$45.00	Buy	Goldman
3/2/2022	$35.00 → $37.00	Overweight	Morgan Stanley
11/19/2021	$50.00 → $35.00	Overweight	Morgan Stanley

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Arcutis Announces Promotions on Executive Management Team

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Q&A

What is the main focus of the recent promotional changes at Arcutis Biotherapeutics?

Who has been promoted to executive vice president and chief medical officer at Arcutis?

What notable role has L. Todd Edwards been promoted to at Arcutis Biotherapeutics?

What is Kent Taylor's new position following his promotion at Arcutis?

What is the CEO's perspective on the impact of the recent promotions on Arcutis’ future?

Recent Analyst Ratings for $ARQT

$ARQT Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Officer Watanabe Todd Franklin sold $227,566 worth of shares (15,000 units at $15.17), decreasing direct ownership by 2% to 823,430 units (SEC Form 4)

Officer Edwards Larry Todd bought $7,767 worth of shares (1,093 units at $7.11), increasing direct ownership by 0.80% to 137,728 units (SEC Form 4)

Officer Matsuda Masaru bought $18,543 worth of shares (5,657 units at $3.28), increasing direct ownership by 3% to 187,030 units (SEC Form 4)

$ARQT Press Releases

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Arcutis Submits ZORYVE® (roflumilast) Cream 0.05% Supplemental New Drug Application to the FDA for the Treatment of Children Aged 2 to 5 with Mild to Moderate Atopic Dermatitis

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