Jennifer Schneider Elected to Vertex Board of Directors

Rhea-AI Summary

Vertex Pharmaceuticals (Nasdaq: VRTX) has elected Jennifer Schneider, M.D., M.S., to its Board of Directors as an independent director. Dr. Schneider brings over 20 years of expertise in the healthcare sector. She co-founded and leads Homeward Health, targeting healthcare delivery for rural Americans. Previously, she was President and Chief Medical Officer of Livongo Health, where she steered the company through a record-breaking IPO and a major merger with Teladoc Health. Dr. Schneider's background also includes roles at Castlight Health and research at Stanford University. Her addition brings Vertex's board to 11 members, 45% of whom are women. Dr. Schneider's experience is poised to aid Vertex's growth and innovation, particularly in cystic fibrosis, sickle cell disease, and beta thalassemia.

Positive

• Jennifer Schneider's election adds over 20 years of healthcare expertise to Vertex's Board.
• Schneider led Livongo Health through the largest consumer digital health IPO in history.
• Her addition brings the number of independent directors on Vertex’s board to nine out of eleven.
• 45% of Vertex's board members are women, indicating strong gender diversity.
• Schneider’s background in emerging health technologies and complex problem-solving supports Vertex’s mission.
• Her leadership at Homeward Health focuses on rearchitecting healthcare delivery for nearly 60 million rural Americans.

Negative

• The press release does not mention any immediate financial benefits or ROI from Dr. Schneider's appointment.
• There is no detailed strategy provided on how her role will directly impact Vertex’s stock performance in the short term.
• Potential investor concerns over the absence of clinical or financial metrics related to this appointment.

BOSTON--(BUSINESS WIRE)-- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced that Jennifer Schneider, M.D., M.S., has been elected to its Board of Directors as an independent director. Dr. Schneider has more than two decades of experience in the health care industry as a physician, scientist and health care executive. She co-founded and serves as Chief Executive Officer of Homeward Health, a company committed to rearchitecting the delivery of health and care for nearly 60 million Americans living in rural America. Prior to founding Homeward in 2022, Dr. Schneider served as President and Chief Medical Officer of Livongo Health, a biotechnology company serving people with chronic conditions including diabetes, hypertension, obesity and behavioral health issues. While there, she led the company through the largest consumer digital health Initial Public Offering in history and the industry’s largest merger between Livongo and Teladoc Health. She also served as Chief Medical Officer of Castlight Health, a health care navigation company for self-insured companies.

“We’re thrilled to have Jenny join the Vertex Board. She brings a unique perspective and experience as a physician-executive with deep expertise in health systems, policy and reimbursement, as well as technology-enabled health care. As Vertex enters a new era of commercial diversification, Jenny’s decades-long work in population health and reimbursement, her data and analytical skills, and ability to apply emerging health technologies to complex problems will help Vertex fulfill its mission to serve more patients across new diseases and therapeutic modalities,” said Jeffrey Leiden, M.D., Ph.D., Executive Chairman of Vertex.

“I am honored to join the Vertex Board at this incredibly exciting time in the company’s history with its commitment to innovation yielding extraordinary achievements in cystic fibrosis, sickle cell disease, and beta thalassemia, among others,” said Jennifer Schneider, M.D., M.S. “I look forward to working with my fellow directors to support the company’s continued innovation and growth.”

Prior to her industry roles, Dr. Schneider conducted research in health services at Stanford University and worked as a physician in internal medicine at various hospitals. She currently serves on the Board of Directors of Jasper Health and Maven Health. Dr. Schneider holds a Bachelor of Arts in biology from the College of the Holy Cross, a Doctorate in Medicine from Johns Hopkins University School of Medicine, and a Master of Science in health services research from Stanford University.

The addition of Dr. Schneider brings Vertex’s board of directors to 11 members, nine of whom are independent and 45% of whom are women.

About Vertex

Vertex is a global biotechnology company that invests in scientific innovation to create transformative medicines for people with serious diseases. The company has approved medicines that treat the underlying causes of multiple chronic, life-shortening genetic diseases — cystic fibrosis, sickle cell disease and transfusion-dependent beta thalassemia — and continues to advance clinical and research programs in these diseases. Vertex also has a robust clinical pipeline of investigational therapies across a range of modalities in other serious diseases where it has deep insight into causal human biology, including APOL1-mediated kidney disease, acute and neuropathic pain, type 1 diabetes, myotonic dystrophy type 1 and alpha-1 antitrypsin deficiency.

Vertex was founded in 1989 and has its global headquarters in Boston, with international headquarters in London. Additionally, the company has research and development sites and commercial offices in North America, Europe, Australia, Latin America and the Middle East. Vertex is consistently recognized as one of the industry's top places to work, including 14 consecutive years on Science magazine's Top Employers list and one of Fortune’s 100 Best Companies to Work For. For company updates and to learn more about Vertex's history of innovation, visit www.vrtx.com or follow us on LinkedIn, Facebook, Instagram, YouTube and Twitter/X.

(VRTX-GEN)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240513941236/en/

Vertex Pharmaceuticals Incorporated

Investors:

InvestorInfo@vrtx.com

Susie Lisa, CFA: +1 617-341-6108

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Manisha Pai: +1 617-961-1899

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Miroslava Minkova: +1 617-341-6135



Media:

mediainfo@vrtx.com

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U.S.: +1 617-341-6992

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Heather Nichols: +1 617-839-3607

Source: Vertex Pharmaceuticals Incorporated

FAQ

Who has been elected to the Vertex Board of Directors?

Jennifer Schneider, M.D., M.S., has been elected to the Vertex Board of Directors.

What is Jennifer Schneider's experience in the healthcare sector?

Dr. Schneider has over 20 years of experience as a physician, scientist, and healthcare executive, including roles at Livongo Health, Castlight Health, and research at Stanford University.

What role did Jennifer Schneider have at Livongo Health?

She was the President and Chief Medical Officer at Livongo Health and led the company through the largest consumer digital health IPO and a significant merger with Teladoc Health.

How many independent directors are there on the Vertex Board?

There are nine independent directors out of the eleven total members on the Vertex Board of Directors.

What is the gender diversity on the Vertex Board of Directors?

45% of the members of the Vertex Board of Directors are women.

What company did Jennifer Schneider co-found?

Jennifer Schneider co-founded Homeward Health, which focuses on healthcare delivery for rural Americans.