Kieran P. Murphy, Former CEO of GE Healthcare, Joins Gamma Biosciences as Executive Chairman

Rhea-AI Summary

Gamma Biosciences, formed by KKR, has appointed Kieran P. Murphy as Executive Chairman to enhance its leadership in advanced therapy manufacturing. Mr. Murphy, with significant experience from GE Healthcare, will guide Gamma as it develops its technology portfolio for cell and gene therapy, protein biologics, and vaccines. His expertise aims to address challenges in the growing market for next-generation therapies. The appointment is effective March 16, 2022, signaling a strategic move to accelerate Gamma's growth and innovation in the bioprocessing industry.

Positive

• Appointment of Kieran P. Murphy as Executive Chairman is expected to accelerate strategic growth.
• Murphy brings extensive experience from leading roles in GE Healthcare, enhancing Gamma's industry leadership.
• Focus on advanced therapy manufacturing positions Gamma favorably in a rapidly growing market.

Negative

• None.

MENLO PARK, Calif.--(BUSINESS WIRE)-- Gamma Biosciences, a global life sciences company formed by KKR to serve the advanced therapy market with best-in-class bioprocessing solutions, today announced that Kieran P. Murphy will join its Board of Directors as Executive Chairman. With a long track record of building leading businesses in biopharma and life sciences, Mr. Murphy will actively work with the Gamma Biosciences leadership team as the company accelerates on its path towards becoming a leader in the advanced therapy manufacturing market across cell & gene therapy, protein biologics, and vaccines.

Mr. Murphy brings decades of corporate leadership experience in the healthcare and life sciences sectors, most recently as President and Chief Executive Officer of the $19B Healthcare division of General Electric. Prior to overseeing GE Healthcare, Mr. Murphy was president and CEO of GE Healthcare Life Sciences, a global leader in life sciences tools and diagnostics providing a broad range of industry-leading technologies and services for biopharmaceutical research, development and manufacturing. Under Mr. Murphy’s leadership, GE Healthcare Life Sciences emerged as a market leader in the bioprocessing industry. Prior to joining GE, Mr. Murphy served as CEO of Whatman plc, a global supplier of filters and membranes for life sciences applications.

“I couldn’t be more pleased to welcome Kieran aboard as we enter the next phase of our journey”, said Matt Gunnison, CEO of Gamma Biosciences. “Kieran has an exceptional track record of building high-performing, global businesses and teams, which I have been fortunate to have partnered with him on in the past. With his extensive knowledge of our industry, customer-centric mindset and passion for life sciences, I can’t think of a better person to help us realize our vision for Gamma.”

“I am delighted to have the opportunity to join the Gamma team and to work closely with Matt and the board. I believe the company is building a portfolio of industry-leading technologies addressing a number of critical challenges in the rapidly growing market for next-generation therapies,” commented Mr. Murphy.

“We are thrilled to have Kieran joining Gamma at this very exciting moment for the company. We have long admired Kieran’s strategic instincts, operating rigor, and entrepreneurial vigor, and believe his long history of leadership, experience, and insights will prove to be tremendously helpful to Gamma,” said Kugan Sathiyanandarajah, Managing Director at KKR and Head of Europe for KKR’s Health Care Strategic Growth strategy, and Anuv Ratan, Director at KKR.

Mr. Murphy assumes his responsibilities as Executive Chairman effective today, March 16, 2022.

About Gamma Biosciences

Gamma Biosciences is a leading life sciences company providing products and services to support the development and manufacturing of advanced biologic therapies. We are committed to advancing the science and art of bioprocessing by delivering market-ready innovation and expertise to our customers, mainly biopharmaceutical developers and contract development and manufacturing companies, helping them bring therapies to patients more quickly and efficiently with the highest standards of quality. Gamma is a global company with offices and major manufacturing facilities in North America, the U.K. and Belgium. For additional information about Gamma Biosciences, please visit www.gammabiosciences.com.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220316005514/en/

Media Contacts

Alastair Elwen / Sophia Johnston

Finsbury Glover Hering

Telephone: +44 20 7251 3801

Email: KKR-LON@finsbury.com

Source: KKR

FAQ

What is the new position held by Kieran P. Murphy at Gamma Biosciences?

Kieran P. Murphy has been appointed as Executive Chairman of Gamma Biosciences.

When did Kieran P. Murphy assume his role at Gamma Biosciences?

Kieran P. Murphy assumed his role as Executive Chairman effective March 16, 2022.

What experience does Kieran P. Murphy bring to Gamma Biosciences?

Kieran P. Murphy has significant experience as the former President and CEO of GE Healthcare, focusing on life sciences.

How is Gamma Biosciences positioned in the advanced therapy market?

Gamma Biosciences aims to become a leader in advanced therapy manufacturing, including cell and gene therapy, protein biologics, and vaccines.

Who formed Gamma Biosciences?

Gamma Biosciences was formed by KKR to serve the advanced therapy market.