Allurion Announces the Appointment of Ojas A. Buch as Chief Operating Officer
June 05 2024 - 7:00AM
Business Wire
Allurion Technologies, Inc. (NYSE:ALUR), a company dedicated to
ending obesity, today announced the appointment of Ojas A. Buch as
its new Chief Operating Officer.
Effective June 3, 2024, Ojas assumed the role of Chief Operating
Officer and will lead the company’s Research and Development,
Manufacturing and Operations, Quality and Regulatory, and Business
Development and Innovation functions. He will also play a crucial
role in commercial functions while working closely with the Board
and Executive Leadership Team. Ojas will provide strategic and
execution-focused guidance aimed to help the company achieve major
milestones and scale sustainably.
With a 25-year track record in the healthcare industry, Ojas is
a seasoned executive known for his strategic mindset and adaptable
tactics. He brings extensive cross-functional expertise and global
experience, having led integrated and matrix organizations at GE
Healthcare, St Jude Medical (Abbott), CareFusion (Vyaire), Philips
and most recently as President, PENTAX Medical – Americas where he
drove transformation with a focus on compliance and
customer-centricity.
"We are thrilled to welcome Ojas to Allurion as our Chief
Operating Officer," said Dr. Shantanu Gaur, Allurion’s Founder and
CEO. "His extensive industry experience and proven leadership
skills will be instrumental as we continue to innovate and scale
our business globally, while ensuring we uphold the highest quality
standards as a publicly traded company.”
“I am proud to serve Allurion at this exciting stage of its
lifecycle and look forward to working with our team to advance
Allurion’s vision to transform the lives of individuals through
cutting-edge weight loss solutions,” said Mr. Buch.
About Allurion
Allurion is dedicated to ending obesity. The Allurion Program is
a weight loss platform that features the Allurion Gastric Balloon,
the world’s first and only swallowable, procedure-less intragastric
balloon for weight loss, and offers access to the Allurion Virtual
Care Suite including the Allurion Mobile App for consumers,
Allurion Insights for health care providers featuring the Coach
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:
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.
Allurion is a trademark of Allurion Technologies, Inc. in the
United States and countries around the world.
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,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions and
include statements regarding the ability of the Allurion Program,
including the VCS, to improve patient and clinical outcomes,
including outcome improvements over time, the impact of a behavior
change coaching skills course, and the impact of gLP-1s on the
Allurion Program. 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 communication, including but not
limited to (i) the ability of Allurion to obtain and maintain
regulatory approvals for and successfully commercialize the
Allurion Program, including the Allurion Balloon and the VCS, (ii)
the timing of, and results from, our clinical studies and trials,
(iii) the evolution of the markets in which Allurion competes, (iv)
the ability of Allurion to defend its intellectual property, (v)
the impact of the COVID-19 pandemic, the Russia and Ukraine war,
and the Israel-Hamas conflict on Allurion’s business, (vi)
Allurion’s expectations regarding its market opportunities,
including those for the VCS platform, 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 Allurion’s
Annual Report on Form 10-K filed on March 26, 2024 (as subsequently
amended) 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240605493074/en/
Global Media: Cedric Damour PR Manager +33 7 84 21 02 20
cdamour@allurion.com
Investors: Mike Cavanaugh, Investor Relations ICR
Westwicke (617) 877-9641 mike.cavanaugh@westwicke.com
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