Let’s build some­thing to­geth­er: Ex-Lowe’s CFO to join Pfiz­er while Mod­er­na’s David Meline re­tires; The CEO-part­ner par­ty rolls on at Flag­ship

David Den­ton

→ The two ma­jor Covid-19 vac­cine com­peti­tors, Pfiz­er and Mod­er­na, will both have new fi­nance chiefs with­in a week of each oth­er: At Pfiz­er, David Den­ton will suc­ceed 15-year vet Frank D’Ame­lio as CFO on May 2 af­ter three years in charge of fi­nances at home im­prove­ment chain Lowe’s. With Pfiz­er’s M&A wheels al­ways spin­ning, Den­ton left as CFO of CVS Health short­ly af­ter play­ing an in­te­gral role in the ac­qui­si­tion of Aet­na in late 2017.

Mean­while, David Meline is call­ing it quits at Mod­er­na, head­ing back in­to re­tire­ment near­ly two years in­to his tenure as CFO and yield­ing the stage to Jorge Gomez on May 9. Be­fore tak­ing the CFO job at den­tal prod­ucts man­u­fac­tur­er Dentsply Sirona in 2019, Gomez was al­so fi­nance chief dur­ing a 13-year run at Car­di­nal Health. Meline had re­tired as Am­gen’s CFO un­til the Mod­er­na po­si­tion opened up.

Michelle Wern­er

→ On the heels of Mar­go Geor­giadis’ ap­point­ment, Flag­ship Pi­o­neer­ing has lined up two more CEO-part­ners, and Michelle Wern­er kicked things off as the new chief ex­ec­u­tive of tR­NA-fo­cused All­tr­na. Since the sum­mer of 2020, Wern­er was No­var­tis On­col­o­gy’s world­wide fran­chise head, sol­id tu­mors, and her Big Phar­ma cre­den­tials al­so ex­tend to Bris­tol My­ers Squibb and to As­traZeneca, where she rose to glob­al fran­chise head in hema­tol­ogy. Short­ly af­ter she de­camped for No­var­tis, Calquence won ap­proval in the EU for adult pa­tients with chron­ic lym­pho­cyt­ic leukemia, a year af­ter the FDA gave it the go-ahead in the same in­di­ca­tion.

Michael Sev­eri­no

Then, the biotech in­cu­ba­tor made a splash on Wednes­day by en­tic­ing Ab­b­Vie pres­i­dent and vice chair­man Michael Sev­eri­no in­to a CEO-part­ner job for a com­pa­ny to be named lat­er. Be­fore his ar­rival at Ab­b­Vie in 2014, Sev­eri­no closed out his 10 years at Am­gen as SVP, glob­al de­vel­op­ment and cor­po­rate CMO. Our Kyle LaHu­cik has more on each new CEO-part­ner.

Nis­han de Sil­va

The white-hot ra­dio­phar­ma space picked up an­oth­er chal­lenger in Oc­to­ber 2021 with Ra­dio­net­ics On­col­o­gy, and the Cri­net­ics spin­out — backed by 5AM Ven­tures and Fra­zier Health­care Part­nershas found a CEO. Nis­han de Sil­va, the pres­i­dent and COO at Po­sei­da from 2015-18, had helmed AFYX Ther­a­peu­tics and is cur­rent­ly a board mem­ber at Se­lec­ta Bio­sciences. He will al­so sit on the board at Ra­dio­net­ics while lead­ing a team that is pro­ject­ed “to more than dou­ble over the com­ing year,” ac­cord­ing to a re­lease.

Paulash Mohsen

Paulash Mohsen is get­ting his first op­por­tu­ni­ty as a CEO at Vesi­gen Ther­a­peu­tics, a Har­vard spin­out whose plat­form tech is dubbed AR­MMs (AR­RDC1 Me­di­at­ed Mi­crovesi­cles). Mohsen spent the last sev­en years as CBO of Yu­man­i­ty, a neu­ro biotech that’s hang­ing on for dear life af­ter lay­ing off 60% of the work­force. Yu­man­i­ty’s pipeline for­tunes have soured be­cause of a par­tial clin­i­cal hold on its lead Parkin­son’s can­di­date, and while the com­pa­ny ex­plores its op­tions to stay afloat, Mohsen has jumped ship to a com­pa­ny that launched in Ju­ly 2020 with help from Leaps by Bay­er and Morn­ing­side Ven­tures.

Mario David Saltarel­li is step­ping in­to atai Life Sci­ences plat­form com­pa­ny GA­BA Ther­a­peu­tics as CEO and CMO, suc­ceed­ing co-founder Ian Massey. Saltarel­li takes over the helm — as the com­pa­ny is en­ter­ing Phase II stud­ies in anx­i­ety, de­pres­sion and oth­er neu­ro­log­i­cal in­di­ca­tions for its lead com­pound — with a wealth of ex­pe­ri­ence from ex­ec roles at Neu­ron23 (CEO), En­tra­da Ther­a­peu­tics (CMO), Sytim­mune (CMO), An­nex­on Bio­sciences (CMO) and Mallinck­rodt (CSO). This is all on top of oth­er stints at Pfiz­er, Shire, Ver­tex, Alex­ion and Ab­bott.

Ran­na Parekh

→ The Uni­ver­si­ty of Texas MD An­der­son Can­cer Cen­ter will wel­come Ran­na Parekh as chief di­ver­si­ty, eq­ui­ty and in­clu­sion of­fi­cer on May 31. Parekh comes from the Amer­i­can Col­lege of Car­di­ol­o­gy in Wash­ing­ton, where she was the or­ga­ni­za1tion’s first chief di­ver­si­ty and in­clu­sion of­fi­cer, and she’s al­so held DEI lead­er­ship posts at the Amer­i­can Psy­chi­atric As­so­ci­a­tion.

Jo­erg Horn­stein

Jo­erg Horn­stein has bolt­ed from AC Im­mune to be­come CFO and head of cor­po­rate func­tions for Lund­beck, which pro­vid­ed a fore­taste of the in­dus­try-wide staff cuts we’re see­ing to­day by slash­ing 300 jobs and shut­ter­ing its fa­cil­i­ty in In­dia. Horn­stein had han­dled fi­nances at AC Im­mune since 2017 and al­so spent 12 years in mul­ti­ple lo­ca­tions at Mer­ck KGaA.

As for Horn­stein’s re­place­ment at the Swiss neu­ro biotech, Chris Roberts will pinch-hit as in­ter­im CFO and has been pro­mot­ed to VP, fi­nance. Roberts joined An­drea Pfeifer’s crew as an as­so­ciate VP in 2017 af­ter more than a decade at Ernst & Young.

AC Im­mune al­so made two oth­er lead­er­ship moves with Howard Dono­van as chief HR of­fi­cer and the pro­mo­tion of Ju­lian Snow to VP, US fi­nance & cor­po­rate de­vel­op­ment. Dono­van piv­ots here from the World Eco­nom­ic Fo­rum, where he was head of peo­ple and cul­ture part­ners, peo­ple ser­vices and glob­al re­ward. As with Roberts, Snow start­ed at AC Im­mune five years ago, fill­ing the role of as­so­ciate VP, fi­nan­cial re­port­ing.

Gi­na Con­syl­man

Gi­na Con­syl­man has land­ed at Cyrus Moza­yeni-led Vedere Bio II from blue­bird bio as CFO. Con­syl­man starts anew quick­ly at the oc­u­lar gene ther­a­py play­er, which de­buted in May 2021 with a $77 mil­lion Se­ries A, af­ter a dire quar­ter­ly fil­ing co­in­cid­ed with her de­par­ture from blue­bird bio. Con­syl­man joined blue­bird just eight months ago af­ter sev­en years as CFO of Iron­wood, which has had its own set of ob­sta­cles with its pipeline and saw CEO Mark Mal­lon leave for NeoGe­nomics last year.

John Frank

→ DNA se­quenc­ing pow­er­house Il­lu­mi­na has poached John Frank from Mi­crosoft, nam­ing him chief pub­lic af­fairs of­fi­cer. Frank, whose first day will be April 18, wraps up a 28-year ca­reer with the tech gi­ant, start­ing out as a se­nior at­tor­ney and as­cend­ing to deputy gen­er­al coun­sel & chief of staff. Since March 2020, Frank has tak­en on the role of VP, Unit­ed Na­tions af­fairs and in­ter­na­tion­al or­ga­ni­za­tions.

Sam Jack­son

→ Sit­ting pret­ty with a $100 mil­lion fi­nanc­ing round just a cou­ple weeks ago and tar­get­ing LRRK2 and TYK2, CNS-fo­cused Neu­ron23 has tapped Sam Jack­son as CMO. Jack­son hails from an­oth­er neu­ro play­er, Alec­tor, where he held the same po­si­tion and where for­mer Pas­sage Bio ex­ec Gary Ro­mano will soon re­place him. Jack­son is a Genen­tech and Am­gen vet who was al­so the CMO of Alka­h­est.

Raf­faele Baf­fa

Raf­faele Baf­fa has signed on to be CMO at CARs­gen, which is at­tempt­ing to wedge its way in­to the BC­MA CAR-T space with CT053 for mul­ti­ple myelo­ma. Baf­fa piv­ots to CARS­gen from Zio­pharm On­col­o­gy (now known as Alaunos af­ter the ac­tivist at­tack dust has set­tled), where he was CMO and EVP of R&D. The Sanofi and Pfiz­er vet has al­so been CMO of Servi­er and VP, ther­a­peu­tic area head of on­col­o­gy, glob­al clin­i­cal de­vel­op­ment at Shire.

Jan Pinkas has been el­e­vat­ed to CSO of Pyx­is On­col­o­gy as Ronald Herb­st parts ways with the Pfiz­er ADC spin­out. Last Au­gust, Pinkas joined Pyx­is — which hit Nas­daq the fol­low­ing Oc­to­ber on the strength of a $168 mil­lion IPO — as SVP, pre­clin­i­cal R&D af­ter a two-year stint at Ma­gen­ta Ther­a­peu­tics as SVP, trans­la­tion­al sci­ences. He al­so had a num­ber of re­spon­si­bil­i­ties over a 12-year pe­ri­od at Im­muno­Gen, name­ly VP, trans­la­tion­al R&D.

Ravi Rao

Eli Lil­ly im­munome­tab­o­lism part­ner Sit­ryx Ther­a­peu­tics out of Ox­ford has se­lect­ed Ravi Rao as CMO. Rao — a for­mer Glax­o­SmithK­line ex­ec in im­munol­o­gy and spe­cial­ty med­i­cines who was al­so a group med­ical di­rec­tor, im­munol­o­gy clin­i­cal de­vel­op­ment with Roche — was head of R&D and CMO at So­bi be­fore choos­ing a dif­fer­ent path here at GSK-backed Sit­ryx. An­ders Ull­man has since tak­en over Rao’s old posts at So­bi.

Mikael Elias­son

→ Helmed by Stan­ford’s Amit Etkin, psy­chi­a­try start­up Al­to Neu­ro­science has looked to­ward Genen­tech/Roche to ap­point Mikael Elias­son as COO. Elias­son, who was pre­vi­ous­ly Genen­tech/Roche’s glob­al head of in­no­va­tion in neu­ro­science prod­uct de­vel­op­ment, has al­so been glob­al head of new prod­ucts at No­var­tis. Chris­t­ian Anger­may­er and the folks at Ape­iron In­vest­ment Group led Al­to Neu­ro­science’s Se­ries A round last Oc­to­ber, bring­ing the to­tal raised to $40 mil­lion.

Jotin Marango has left Ap­tose to tack­le the dual roles of CFO and head of cor­po­rate de­vel­op­ment with Ike­na On­col­o­gy, which is part­ner­ing with Bris­tol My­ers on its oral AHR in­hibitor IK-175. Marango had been CFO and CBO at Ap­tose, prompt­ing a lead­er­ship shuf­fle in which CEO William Rice is pick­ing up the slack as chief ac­count­ing of­fi­cer and VP of fi­nance Janet Clen­nett “will as­sume fi­nan­cial re­spon­si­bil­i­ties un­til a per­ma­nent CFO is an­nounced.”

Karen Davies

→ Co-found­ed by Feng Zhang and padding its war chest with an $80 mil­lion Se­ries B last month, CRISPR di­ag­nos­tic play­er Sher­lock Bio­sciences has trained a mag­ni­fy­ing glass on Karen Davies as chief de­vel­op­ment of­fi­cer. For the past decade, Davies has held a se­ries of posts at fel­low di­ag­nos­tic de­vel­op­er Quidel — from 2017-20 she was VP of in­stru­ment sys­tems, and since 2020 she served as VP of busi­ness trans­for­ma­tion.

Aman­da Mur­phy

Aman­da Mur­phy has re­signed from her role as CFO at cell en­gi­neer­ing play­er Max­Cyte, ef­fec­tive April 15. Ron Holtz, the cur­rent SVP and chief ac­count­ing of­fi­cer, will take over as in­ter­im CFO. While Ko­rn Fer­ry helps in the search for a suc­ces­sor, Holtz is re­turn­ing to the role he first held at Max­Cyte from 2005-20. Else­where, Max­Cyte staffer Sean Menar­guez has been bumped up to di­rec­tor, in­vestor re­la­tions.

Shabir Hasham

→ Seek­ing to put a bow on an NDA fil­ing for its Duchenne mus­cu­lar dy­s­tro­phy drug va­morolone by June, San­thera has pro­mot­ed Shabir Hasham to CMO. Hasham left No­var­tis in 2015 to be­come San­thera’s head of med­ical af­fairs EU & RoW, and since 2019 he’s been glob­al de­vel­op­ment pro­gram lead & glob­al head med­ical af­fairs. While with No­var­tis, Hasham was EU med­ical di­rec­tor and glob­al as­so­ciate brand di­rec­tor for the Swiss phar­ma’s neu­ro­science fran­chise. Hasham’s first day as med­ical chief is slat­ed for May 1.

Cristi­na Oli­va

Cristi­na Oli­va is mak­ing her way over to Nor­way-based BerGen­Bio, where she’ll serve as CMO. Oli­va hops aboard af­ter a stint as VP, on­col­o­gy and head of on­col­o­gy cen­tre of ex­cel­lence at IQVIA. Oli­va’s ré­sumé in­cludes a star-stud­ded ca­reer with pre­vi­ous roles at Nordic Nanovec­tor, Take­da, GSK and Eli Lil­ly.

→ Un­der­go­ing a facelift by of­fi­cial­ly re­nam­ing it­self a cou­ple weeks ago, Swedish can­cer out­fit Vivesto — once known as Oas­miahas pegged Daniel Tes­fa as CMO. Tes­fa had been med­ical di­rec­tor, clin­i­cal and trans­la­tion sci­ence hema­tol­ogy at So­bi since lead­ing on­col­o­gy and hema­tol­ogy for Bay­er in Scan­di­navia from 2018-20. Vivesto will uti­lize Lon­za’s ex­pand­ed site in Nan­sha, Chi­na, strik­ing a deal in late March with the CD­MO to man­u­fac­ture late-stage ovar­i­an can­cer can­di­date Cantrix­il.

Al­liance Phar­ma is lock­ing in Patrick Ben­nett to helm the bio­an­a­lyt­i­cal ser­vices com­pa­ny as CEO, suc­ceed­ing founder Frank Li, who will re­main as pres­i­dent and on the board of di­rec­tors. Ben­nett brings with him ex­pe­ri­ence from his time at PPD Lab­o­ra­to­ries (VP, strat­e­gy and de­vel­op­ment) and Ther­mo Fish­er Sci­en­tif­ic (di­rec­tor of glob­al strate­gic mar­ket­ing).

Richard Bar­tram

→ Pep­tide spe­cial­ist MBX Bio­sciences is pick­ing up for­mer Es­pe­ri­on ex­ec Richard Bar­tram as CFO. Bar­tram served in the same role dur­ing his time at Es­pe­ri­on — help­ing to raise more than $1.2 bil­lion in cap­i­tal. Pri­or to that stint, Bar­tram was with Price­wa­ter­house­C­oop­ers.

Vaxxas, the com­pa­ny that Mer­ck teamed up with back in 2020 to tap in­to patch de­liv­ery tech, has named Dan Devine as CBO and gen­er­al coun­sel. Devine joins the Bris­bane, Aus­tralia-based com­pa­ny with ex­pe­ri­ence from his roles at Pfiz­er, Pa­trys and Mesoblast.

James Gru­ber

James Gru­ber has been named CFO at Alkin­di Sprin­kle mak­er Eton Phar­ma­ceu­ti­cals, tak­ing over the po­si­tion from Wil­son Trout­man, who will re­tire at the end of May. Gru­ber most re­cent­ly served as US con­troller at Hori­zon Ther­a­peu­tics and he al­so spent more than a decade work­ing in var­i­ous fi­nan­cial po­si­tions at Ab­bott.

Lib­bie Mansell

→ As the cal­en­dar flipped to 2022, Javier Szwar­cberg was named CEO of Spruce Bio­sciences, and now the Mike Grey-chaired biotech fo­cused on rare en­docrine dis­or­ders has brought in Lib­bie Mansell as chief reg­u­la­to­ry and qual­i­ty of­fi­cer. If it seems like it wasn’t that long ago since Mansell ap­peared in Peer Re­view, you’re right: Six months ago she joined NFLec­tion Ther­a­peu­tics as SVP of glob­al reg­u­la­to­ry af­fairs & qual­i­ty as­sur­ance, but it’s on to the next chal­lenge. Mansell was al­so part of the AskBio team as SVP of reg­u­la­to­ry af­fairs.

Gwen Weld

Nau­tilus Biotech­nol­o­gy — backed by Paul Allen and Jeff Be­zos and list­ed on Nas­daq via a re­verse merg­er with one of Per­cep­tive’s blank-check com­pa­nies last year — has signed on Gwen Weld as chief peo­ple of­fi­cer and Sheri Wilcox as VP of affin­i­ty reagent de­vel­op­ment. Pri­or to join­ing Nau­tilus, Weld was chief peo­ple of­fi­cer at Am­per­i­ty and for­mer­ly gen­er­al man­ag­er of hu­man re­sources at Mi­crosoft. Mean­while, Wilcox hails from So­ma­Log­ic. where she served as se­nior di­rec­tor of glob­al sci­en­tif­ic en­gage­ment. Be­fore that, she was with Phar­ma­cia.

Ka­ri­na Fedasz, who be­gan her ca­reer at JP Mor­gan and was re­cent­ly the CFO of IDW Me­dia Hold­ings, has been named head of busi­ness de­vel­op­ment at Evofem, the mak­er of con­tra­cep­tive gel Phexxi. In Feb­ru­ary, End­points News’ Beth Sny­der Bu­lik spoke with Evofem CEO Saun­dra Pel­leti­er about a num­ber of top­ics, name­ly Phexxi’s ad cam­paign fea­tur­ing “Schitt’s Creek” star An­nie Mur­phy.

Heather Vi­tal

Jo Viney’s Seis­mic Ther­a­peu­tic, us­ing ma­chine learn­ing to de­vel­op im­munol­o­gy drugs and launch­ing with a tec­ton­ic plate-shift­ing $101 mil­lion Se­ries A in Feb­ru­ary, has added two ex­ecs: Er­ic Lar­son (SVP of fi­nance) re­unites with Viney, the CEO of Pan­dion be­fore it was sold to Mer­ck for $1.85 bil­lion last year. Be­fore Lar­son was Viney’s VP of fi­nance, he served as cor­po­rate con­troller for Pro­teosta­sis Ther­a­peu­tics. Af­ter near­ly sev­en years with Bio­gen, Heather Vi­tal (VP of R&D strat­e­gy) jumped to De­ci­phera Phar­ma­ceu­ti­cals as se­nior di­rec­tor of pro­gram lead­er­ship and then moved on to her most re­cent gig as se­nior di­rec­tor, port­fo­lio strat­e­gy and op­er­a­tions for Re­lay Ther­a­peu­tics.

→ TCR biotech TScan Ther­a­peu­tics has a new VP, fi­nance in Lei­den Dworak, who was pre­vi­ous­ly VP, head of fi­nan­cial plan­ning and analy­sis and busi­ness op­er­a­tions at Avro­bio. Dworak has al­so served as the fi­nance lead for glob­al vac­cines busi­ness de­vel­op­ment at Mod­er­na.

Lyn­dah Dreil­ing

→ Cal­i­for­nia-based Ko­r­lym mak­er Cor­cept Ther­a­peu­tics has three new ex­ecs ready to roll: First, Daniel Ein­horn (VP, en­docrine strat­e­gy) was the pres­i­dent of Di­a­betes and En­docrine As­so­ci­ates and med­ical di­rec­tor of Scripps Whit­ti­er Di­a­betes In­sti­tute in San Diego. Amiel Bal­ag­tas (VP, de­vel­op­ment op­er­a­tions) joins the list of Gilead vets at Cor­cept that in­cludes chief HR and com­mu­ni­ca­tions of­fi­cer Amy Flood and chief de­vel­op­ment of­fi­cer William Guy­er, cap­ping off a 23-year ca­reer at the Big Phar­ma as ex­ec­u­tive di­rec­tor, de­vel­op­ment sys­tems. And Lyn­dah Dreil­ing (VP, glob­al on­col­o­gy de­vel­op­ment), who al­so has Gilead ties as se­nior di­rec­tor, clin­i­cal re­search on­col­o­gy, is an Am­gen alum who was re­cent­ly SVP, clin­i­cal de­vel­op­ment with Spec­trum Phar­ma­ceu­ti­cals.

→ New Jer­sey-based Cel­lec­tar Bio­sciences has two an­nounce­ments this week: Matthew Ha­gan has been ap­point­ed VP, mar­ket­ing and strate­gic al­liances, and David Lasec­ki has joined the on­col­o­gy biotech as ex­ec­u­tive di­rec­tor, strate­gic al­liances. Most re­cent­ly, Ha­gan served as ex­ec­u­tive di­rec­tor, hema­tol­ogy port­fo­lio mar­ket­ing at Bris­tol My­ers. Lasec­ki joins from Heron Ther­a­peu­tics, where he served as se­nior di­rec­tor, on­col­o­gy sales.

→ Ox­ford, UK-based Evox Ther­a­peu­tics is bring­ing in Pe­ter Jones as VP of CMC. Pri­or to his new role, Jones was se­nior ex­ec­u­tive di­rec­tor, process de­vel­op­ment at Au­to­lus Ther­a­peu­tics. Be­fore that, Jones was serv­ing at Ox­ford Bio­med­ica, GSK and Gen­zyme.

Michael Mor­ris­sey

Ex­elix­is pres­i­dent and CEO Michael Mor­ris­sey has been named chair­man of the board at Ve­ra Ther­a­peu­tics, step­ping in­to the spot pre­vi­ous­ly oc­cu­pied by Abing­worth’s Kurt von Em­ster. The at­aci­cept de­vel­op­er’s board al­so in­cludes Beth Sei­den­berg from West­lake Vil­lage BioPart­ners and Akero Ther­a­peu­tics CEO An­drew Cheng.

→ There’s a chang­ing of the guard on the board of di­rec­tors at Cy­to­ki­net­ics, as John Hen­der­son re­places the re­tir­ing Robert Gage. Hen­der­son, a 25-year Pfiz­er vet, has been on the board at Cy­to­ki­net­ics since 2009. Car­di­ol­o­gist and Stan­ford De­part­ment of Med­i­cine chair­man Robert Har­ring­ton has al­so earned a seat on Cy­to­ki­net­ics’ board.

Maria Fardis

CRISPR Ther­a­peu­tics has put Maria Fardis’ name for­ward to join the board of di­rec­tors. When her time was up as CEO of Io­vance, Fardis then be­came a ven­ture part­ner at Fra­zier Life Sci­ences. If elect­ed, Fardis would take a seat at a board that in­cludes SR One’s Sime­on George and AskBio’s Kathy High.

Michel De­theux, the pres­i­dent and CEO of iTeos Ther­a­peu­tics, has as­sumed the role of chair­man of the board at French rare bone dis­ease biotech In­noSkel. De­theux co-found­ed iTeos 10 years ago and is al­so chair­man of ONA Ther­a­peu­tics in Barcelona.

Houman Ashrafi­an

→ As Prile­nia Ther­a­peu­tics bags $10 mil­lion from its re­cent Se­ries B round — bring­ing its to­tal cap­i­tal to $144 mil­lion — with the help of new in­vestor SV Health In­vestors, the com­pa­ny is tack­ing on Houman Ashrafi­an to its board of di­rec­tors. Ashrafi­an is a man­ag­ing part­ner at SV Health In­vestors and has found­ed six com­pa­nies: Sit­ryx, Enara Bio, TRexBio, Alchemab, Cata­ma­ran Bio and Mestag, and serves on the board of four of these com­pa­nies.

→ As Be Bio re­ceived a $130 mil­lion cash in­fu­sion led by ARCH to help its pur­suit of B cell ther­a­pies for rare dis­ease and can­cer, the com­pa­ny has pulled out a seat for Steven Gillis on its board of di­rec­tors and ARCH co-founder and man­ag­ing di­rec­tor Robert Nelsen and Robert Plenge (SVP and head of im­munol­o­gy, car­dio­vas­cu­lar and fi­bro­sis the­mat­ic re­search cen­ter at BMS) are ob­servers. Gillis is man­ag­ing di­rec­tor at ARCH Ven­ture Part­ners and serves as di­rec­tor of ho­mol­o­gy med­i­cines at Take­da and di­rec­tor and chair­man of Co­di­ak Bio­sciences and VBI Vac­cines.

Lipocine has brought on Jill Jene and Spy­ros Pa­pa­petropou­los to its board of di­rec­tors. Jene is cur­rent­ly founder and prin­ci­pal of Jene Ad­vi­sors and has pre­vi­ous­ly served as VP and head of cor­po­rate de­vel­op­ment, strat­e­gy, port­fo­lio plan­ning and al­liance man­age­ment at Adamas. Mean­while, Pa­pa­petropou­los is the CMO of Vig­il Neu­ro­sciences and was for­mer­ly SVP, head of de­vel­op­ment at Aca­dia Phar­ma­ceu­ti­cals, CEO of Swan­Bio Ther­a­peu­tics and head of re­search & de­vel­op­ment and CMO at Cavion.

Vas Narasimhan (Photographer: Jason Alden/Bloomberg via Getty Images)

No­var­tis de­tails plans to axe 8,000 staffers as Narasimhan be­gins sec­ond phase of a glob­al re­org

We now know the number of jobs coming under the axe at Novartis, and it isn’t small.

The pharma giant is confirming a report from Swiss newspaper Tages-Anzeiger that it is chopping 8,000 jobs out of its 108,000 global staffers. A large segment will hit right at company headquarters in Basel, as CEO Vas Narasimhan axes some 1,400 of a little more than 11,000  jobs in Switzerland.

The first phase of the work is almost done, the company says in a statement to Endpoints News. Now it’s on to phase two. In the statement, Novartis says:

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Bob Nelsen (Lyell)

As bear mar­ket con­tin­ues to beat down biotech, ARCH clos­es a $3B ear­ly-stage fund

One of the biggest names in biotech investing has a whole lot of new money to spend.

ARCH Venture Partners closed its 12th venture fund early Wednesday morning, the firm said, bringing in almost $3 billion to invest in early-stage biotechs. The move comes about a year and a half after ARCH announced its previous fund, for almost $2 billion back in January 2021.

In a statement, ARCH managing director and co-founder Bob Nelsen appeared to brush off concerns about the broader market troubles, alluding to the downturn that’s seen several biotechs downsize and the XBI fall back to almost pre-pandemic levels.

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Sanofi to cut in­sulin prices for unin­sured from $99 to $35, match­ing the in­sulin cap com­ing through Con­gress

As the House-passed bill to cap the monthly price of insulin at $35 nationwide makes its way for a Senate vote soon, Sanofi announced Wednesday morning that beginning next month it will cut the monthly price of its insulins for uninsured Americans to $35, down from $99 previously.

The announcement from Sanofi, which allows the uninsured to buy one or multiple Sanofi insulins (Lantus, Insulin Glargine U-100, Toujeo, Admelog, and Apidra) at $35 for a 30-day supply effective July 1, follows House passage (232-193) of the monthly cap in March, with just 12 Republicans voting in favor of the measure.

Lina Gugucheva, NewAmsterdam Pharma CBO

Phar­ma group bets up to $1B-plus on the PhI­II res­ur­rec­tion of a once dead-and-buried LDL drug

Close to 5 years after then-Amgen R&D chief Sean Harper tamped the last spade of dirt on the last broadly focused CETP cholesterol drug — burying their $300 million upfront and the few remaining hopes for the class with it — the therapy has been fully resurrected. And today, the NewAmsterdam Pharma crew that did the Lazarus treatment on obicetrapib is taking another big step on the comeback trail with a €1 billion-plus regional licensing deal, complete with close to $150 million in upfront cash.

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How pre­pared is bio­phar­ma for the cy­ber dooms­day?

One of the largest cyberattacks in history happened on a Friday, Eric Perakslis distinctly remembers.

Perakslis, who was head of Takeda’s R&D Data Sciences Institute and visiting faculty at Harvard Medical School at the time, had spent that morning completing a review on cybersecurity for the British Medical Journal. Moments after he turned it in, he heard back from the editor: “Have you heard what’s going on right now?”

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Hank Safferstein, Generian CEO

Astel­las sub­sidiary to part­ner with Pitts­burgh up­start in search for 'un­drug­gable' pro­teins

As Astellas continues its drive to build out its gene therapy portfolio and capabilities, a subsidiary of the Japanese pharma company has entered into a collaboration with a little-known Pittsburgh biotech.

Astellas-owned Mitobridge and Generian Pharmaceuticals announced on Wednesday that they will work together in a new deal for “undruggable” protein targets. Generian will net an undisclosed upfront payment and could get up to $180 million in milestones, should anything from its platform prove successful, as well as single-digit royalties on global net sales.

Adam Simpson, Icosavax CEO

Reel­ing from Covid flop, Icosavax says its RSV can­di­date passed ear­ly test. But in­vestors need some more con­vinc­ing

Three months separated from a disappointing readout of its Covid-19 vaccine, Icosavax is back with what it calls positive topline data for a different VLP vaccine candidate — although investors aren’t impressed.

IVX-121, a vaccine candidate for respiratory syncytial virus (RSV), appeared to generate “robust” immune responses among both young and older adults, as measured by neutralizing antibodies, and appeared generally well-tolerated, Icosavax reported.

Shehnaaz Suliman, ReCode Therapeutics CEO (Photo by Jennifer Leahy)

Pfiz­er, Sanofi-backed LNP out­fit goes back to the well and draws $120M for its trek to the clin­ic

A preclinical biotech touting a five-lipid drug delivery platform is looking to break out of its preclinical mold, and it just secured a sizable raise to do just that.

ReCode Therapeutics reported Wednesday morning that Leaps by Bayer and Matrix Capital Management affiliate AyurMaya co-led a Series B extension round, adding $120 million to the biotech’s previous Series B haul of $80 million. The biotech has been backed by several players in Big Pharma, notably Pfizer and Sanofi from its original Series B close last fall. And in this extension — featuring all new investors, CEO Shehnaaz Suliman tells Endpoints News — Amgen’s VC arm jumped on board.

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(AP Photo/Gemunu Amarasinghe)

Some phar­ma com­pa­nies promise to cov­er abor­tion-re­lat­ed trav­el costs — while oth­ers won't go that far yet

As the US Department of Health and Human Services promises to support the millions of women who would now need to cross state lines to receive a legal abortion, a handful of pharma companies have said they will pick up employees’ travel expenses.

GSK, Sanofi, Johnson & Johnson, BeiGene, Alnylam and Gilead have all committed to covering abortion-related travel expenses just four days after the Supreme Court overturned Roe v. Wade and revoked women’s constitutional right to an abortion.

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