Merck-backed Quartet places biotech vet Gerhard Koenig at the helm
Gerhard Koenig has landed the top job at Quartet Medicine, just a few months after Merck grabbed a buyout option in its $575 million pain drug partnership deal. The former CSO at Forum, which was shut down recently in the wake of a key trial failure and clinical hold, Koenig takes the reins after founding investor Atlas Venture arranged a $23 million Series A.
Launched in late 2013, Cambridge, MA-based Quartet is taking a new path in developing a pain medication. Their work is based on research at Mass General, which showed that a genetic defect in a slice of the population prevents a spike in a chemical called BH4 following an injury, helping manage their chronic pain. The biotech has focused on mimicking that process with a small molecule.
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