The new CEOs in biopharma are joining the big players at the billion-dollar chip table
Call it new CEO syndrome.
Every time a new CEO takes over at a biopharma company of some size, the instinctive response is to look for some deal or deals that will help set the tone for the new leader, preferably one that is predictive of a bold — but not reckless — design on future growth.
So perhaps it was no great surprise to see Novo Nordisk figure into the latest round of buyout rumors — this time focused on Global Blood Therapeutics and its lead drug for sickle cell disease. Novo’s new CEO, Lars Fruergaard Jorgensen, perhaps tellingly wouldn’t comment on that to Reuters. But he had plenty to say about his interest in dealmaking.
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