Ex-Merrimack CEO Mulroy launches oncology startup Partner Therapeutics
Two veterans in this business — the former Merrimack CEO and the ex-CMO of Seragon — have launched a new cancer startup that’s built on an increasingly popular business model in biotech: fill the C-suite first, then the pipeline.
The new venture is called Partner Therapeutics, or PTx, and it’s led by Robert Mulroy, who resigned as Merrimack’s CEO in October 2016. Also at the helm is Debasish Roychowdhury, who’s serving as PTx’s CMO. You might remember Roychowdhury from his time as CMO of Seragon Pharmaceuticals, the company Roche/Genentech acquired for $725 million back in 2014. But Roychowdhury also has a long resume in pharma, previously serving as clinical development VP at GSK, heading Sanofi’s oncology unit, and leading the global oncology regulatory group at Eli Lilly.
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