Michael Klichinsky joined the University of Pennsylvania for his PhD at the height of the revolution. It was 2014, and though the CAR-T therapy that would make Penn professor Carl June ...
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Vir CEO George Scangos is in hot pursuit of some antibodies that can combat coronavirus. And he’s turned to one big shop he knows well to cover the manufacturing end of that strategy.
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By all accounts, 2019 was a great year for AstraZeneca — and it paid off for CEO Pascal Soriot with a big boost in his annual compensation package.
According to the pharma giant’s latest annual report, Soriot bagged a compensation package worth £14.3 million — $18.5 million if you count that in dollars. While his base pay ticked up only slightly, Soriot took home an upsized batch of longterm incentives valued at £10.5 million for 2019 — which compares to total pay valued at £10.4 million in 2017.
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Gilead’s $4.9 billion buyout of Forty Seven, their largest in three years, brought with it a substantial windfall for the biotech’s founder, CEO and earliest investor.
Chief among those winners was Irv Weissman, a well-known stem cell pioneer at Stanford. Weissman and colleague Ravindra Majeti founded the company out of Stanford in 2016, after their early studies showed that some cancer cells use CD47 — healthy cells’ “don’t eat me” signal to the immune system — to evade attack and that you could treat those cancers by blocking the signal.
As MorphoSys celebrated the FDA’s acceptance of its first-ever BLA — complete with a priority review that could lead to a quick OK for its CD19-targeted CAR-T rival — last Monday, former CSO Markus Enzelberger was marking a different milestone of his own.
It was his first day at Versant Ventures’ discovery engine in Basel, a change of scenery after 18 years as the German biotech’s chief scientist. Newly named entrepreneur-in-residence of Ridgeline Therapeutics, Enzelberger expects to spend half of his time evaluating new opportunities for company creation and the other half helping biotech fledglings in the portfolio build the necessary infrastructure.
Health officials in Massachusetts have identified 13 new presumptive cases of coronavirus, with 9 of them tied to the Biogen meeting at Boston Marriott Long Wharf. And this time they’re underscoring how staffers are spreading the disease outside the immediate group of 175 meeting attendees.
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The next few months are important for MacroGenics. They may soon have their first approved drug. They could even defeat mountainous odds and eclipse Keytruda in a head to head trial.
But whatever they do, they’ll do it without longtime CMO Jon Wigginton.
The cancer biotech announced yesterday that after 7 years, Wigginton will leave the company at the end of the month to pursue a new opportunity. CSO Ezio Bonvini will assume his role while MacroGenics searches for a replacement.
About 12 years ago, David Mott jumped from the CEO suite at MedImmune — after AstraZeneca bought it for $15.6 billion — into one of the busiest roles in biotech venture investing at New Enterprise Associates.
Now he’s hitting the exit, which a spokesperson for NEA says is due to “personal reasons” with plans to spend the bulk of his time wth his family. Mohamad Makhzoumi has been named global head of healthcare investing to replace him in that top spot at NEA.
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When Emma Walmsley was first appointed as GlaxoSmithKline’s first woman CEO in 2017, the 25% discrepancy between her salary and that of her predecessor, Andrew Witty, drew a few headlines. After three years at the helm, her salary remains pretty much the same at £1.1 million — but a handsome £5.1 million in performance bonuses has helped trigger a £2.5 million pay rise over the last year.
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Heading into 2020, AMAG Pharmaceuticals has sketched big plans to salvage its wobbly operations — battling a revenue squeeze and a critical FDA review of its preterm birth drug — under a new CEO. Today, it announced that the chief medical officer won’t be staying, either.
Julie Krop, who joined AMAG in 2015, will decamp by the end of the month, leaving a void in the biotech’s development group just as it pledges to persuade the FDA to keep Makena on the market and advance a “potentially exciting pipeline.”
In the first glimpse of how the coronavirus’s growing US spread could disrupt operations at American biotechs, a pair of major companies withdrew today from a large investor conference.
Vertex Pharmaceuticals, Seattle Genetics and Alpine Immune were each scheduled to present Tuesday at the Cowen Healthcare Conference in Boston. All announced on Monday, the first day of the conference, they were canceling their appearances, citing the growing spread of the virus, officially known as SARS-CoV-2.
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