Julian Adams jumps ship from a deeply troubled Infinity Pharma

Julian Adams

Julian Adams, the R&D chief of Infinity Pharmaceuticals $INFI for the past 14 years and a prominent face for one of the most high-profile biotechs in Cambridge, MA, is out.

Like many such announcements, Infinity cast the departure as a retirement, though it’s unlikely that Adams is hanging up his lab coat. His last day at Infinity is tomorrow, just days after he qualified for the first payment of a planned $249,000 retention bonus.

Lawrence Bloch, MD, JD, has been promoted to president.

Over the years Adams has presided, along with CEO Adelene Perkins, over multiple clinical setbacks for once-promising therapeutics. The most recent was duvelisib, an unimpressive PI3k delta/gamma inhibitor for blood cancers which was recently handed over to a struggling Verastem in a no-money-down deal after AbbVie took its check book and went home after inspecting data last summer.

As in the past, Infinity is trying to shift focus to an early-stage drug in the pipeline, looking to rekindle hope after multiple failures. The three-time loser faces an uphill battle after its market cap has shrunk to a marginal $69 million.

The best place to read Endpoints News? In your inbox.

Comprehensive daily news report for those who discover, develop, and market drugs. Join 37,400+ biopharma pros who read Endpoints News by email every day.

Free Subscription

Biotech Investment Analyst
SV Health Investors Boston, MA
Director, Program Management
Contrafect Corporation New York, NY
Director, Translational Sciences
Cadent Therapeutics Cambridge, MA

Visit Endpoints Careers ->