Christoph Westphal finds the exit at his latest biotech creation — after the stock cratered
High-profile Boston biotech financier Christoph Westphal is leaving the helm of his latest biotech flop.
A little more than two years after debuting their IPO with a $16 share price, tiny Flex Pharma $FLKS announced that serial entrepreneur Westphal is handing the lead role to R&D chief William McVicar, at least on an interim basis, and staying on as chairman.
McVicar was recruited to Flex two months ago. Its shares closed Monday at $3.43, just a shrunken reflection of its one-time high.
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