David Hung makes a quick, abrupt exit at Axovant after humiliating setbacks
A month after experiencing one of the most humiliating setbacks in biotech, David Hung is bowing out as CEO of Axovant $AXON.
Hung, you’ll recall, had only recently completed a $14 billion deal to sell Medivation to Pfizer when he agreed to take the helm at Vivek Ramaswamy’s Alzheimer’s company just 10 months ago. His new deal gave him a direct line to a potential fortune, provided the drug — once touted as “a great drug candidate” by Roivant founder Vivek Ramaswamy — actually worked.
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