Co­di­ak files for Chap­ter 11 bank­rupt­cy as most ex­ec­u­tives head for the ex­it

Co­di­ak Bio­Sciences has filed for Chap­ter 11 bank­rupt­cy, spelling an end to the em­ploy­ment of most ex­ec­u­tives, in­clud­ing founder Doug Williams, as the biotech says it “ex­pects to con­sum­mate a sale.”

The eight-year jour­ney at Co­di­ak is near­ing an end with Williams; CFO Lin­da Bain; med­ical chief David Mau­ro; sci­en­tif­ic head Sri­ram Sathya­narayanan; le­gal and com­pli­ance chief Yalon­da Howze; and SVP of HR Nicole Bar­na all pack­ing up their bags in the first few days of April. Chief tech­nol­o­gy of­fi­cer Kon­stan­tin Kon­stan­ti­nov will stay.

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