⇨ Roivant Sciences has added another seasoned biotech exec to its stable of CEOs. The umbrella group announced this morning that Keith Katkin, the longtime CEO at Avanir up to its sale to Otsuka, is taking the CEO’s job at Urovant. The startup vant is focused on urological conditions.
⇨ Most companies wait for a new CEO to step in before they reorganize, but Teva never had the time. The troubled Israeli biopharma company has sold off the last of its women health assets, raising about $1.4 billion as Kare Schultz prepares to take the helm.
⇨ Novartis’ Alcon is handing the rights to Jetrea back to Belgium’s ThromboGenics.
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