MorphoSys AG announced that Sung Lee, the company's Chief Financial Officer (CFO) and Management Board member, has decided to leave MorphoSys to move back to California for personal reasons. His last day with MorphoSys will be March 17, 2023. Sung's successor will be named after an ongoing search is completed.

Sung joined MorphoSys and moved to Germany from the U.S. in February 2021. He has been instrumental in navigating a challenging market and competitive environment following the first commercial launch of a MorphoSys medicine. Sung also contributed to the setup of the company's future growth with the acquisition of Constellation Pharmaceuticals, strengthening its pipeline to include a potential best-in-class first-line treatment for myelofibrosis.