Ovid ex­ec Yaron Wer­ber cross­es back to Cowen; Saqib Is­lam pro­mot­ed to Spring­Work­s' first CEO slot

→ While a num­ber of an­a­lysts have been seen mi­grat­ing to the front lines of biotech, Yaron Wer­ber is mov­ing in the op­po­site di­rec­tion. Af­ter ro­tat­ing through a cou­ple of roles at rare dis­ease biotech Ovid Ther­a­peu­tics — and help­ing put to­geth­er its $75 mil­lion IPO $OVID — he’s head­ed back to Wall Street.

The for­mer Cit­i­group an­a­lyst is land­ing at Cowen as a man­ag­ing di­rec­tor and se­nior mem­ber of its biotech team, at a time in­vest­ment banks are pay­ing big dol­lars to scoop pop­u­lar biotech boost­ers from each oth­er.

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