Kelly Martin once again finds himself at the helm of a biotech, sailing in choppy seas
Kelly Martin is once again running a biotech company — only this time it’s just a temporary gig until a more permanent replacement can be found to run Novan $NOVN, a portfolio company of his at Malin that ran into some profound trouble recently.
Martin, the former chief executive at Elan, switched to interim CEO from his post on the board at Novan, which he acquired as his venture group Malin jumped in as a big investor of the University of North Carolina spinout. He was tapped as the board decided to shake things up, laying off around a dozen staffers and focusing the founding CEO Nate Stasko on his role as chief scientific officer.
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