
Biotech billionaire spends $88M to reorganize his long-suffering bioengineering businesses, hands off CEO role
Biotech billionaire Randal Kirk is looking for a fresh start with the new year.
He has whipped up the latest — and most comprehensive — in a series of reorganizations for his multiple bioengineering ventures at Intrexon, taking a long-delayed step to the executive chairman’s role, renaming the company and promoting a top exec to the CEO’s role.
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