Pierre Beau­rang hits the ground run­ning at his 3rd start­up; Mike Grey poach­es Astel­las deal­mak­er to head pro­tein degra­da­tion play­er

As Ni­trome Bio­sciences — a biotech found­ed in 2017 to fo­cus on a class of en­zymes called ni­trases — re­brands to Ni­trase Ther­a­peu­tics, the com­pa­ny is al­so bring­ing on a new CEO: Pierre Beau­rang.

In Ni­trase’s state­ment ear­li­er this week an­nounc­ing its new CEO, the biotech said that the founder and now-for­mer CEO — Irene Gris­wold-Pren­ner — will stay on with Ni­trase as the new CSO. And this new ap­point­ment comes in tan­dem with the biotech’s Se­ries A ex­pan­sion, where Bris­tol My­ers Squibb be­came an in­vestor along­side Ab­b­Vie and Sofinno­va Part­ners, bring­ing the to­tal amount raised to $45 mil­lion.

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