Jeff Capel­lo out the door as Michael Mc­Don­nell takes over Bio­gen's CFO post; Ron Bruehlman named in­ter­im CFO at IQVIA

→ In a move that es­sen­tial­ly caught every­one in biotech off guard, Jeff Capel­lo is on his way out as CFO of be­lea­guered Bio­gen and ex-IQVIA EVP and CFO Michael Mc­Don­nell is tak­ing over on Aug 15. Capel­lo will as­sist in the tran­si­tion un­til Sept 15. Al­though Bio­gen CEO Michel Vounatsos balked at the ques­tion of whether the switch is a sig­nal that they want to ramp up their M&A ac­tiv­i­ty, Evan Seiger­man’s as­sess­ment at Cred­it Su­isse was suc­cinct: “Our read — Mc­Don­nell was brought in to do deals.”

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