Alexion has announced that four members of the company’s C-suite team are set to leave the company, following an internal investigation into sales practices.
Chief financial officer Dave Anderson is among the casualties, who while just joining the company this past December is set to resign in August. Alexion will also lose its R&D chief, Martin Mackay, to retirement. EVP and head of human resources Clare Carmichael and commercial chief Carsten Thiel are leaving as well, with Thiel’s replacement, Brian Goff, already hired.
Alexion has completely remade its executive makeup, which began when former CEO David Hallal lost investor confidence amid sales fraud investigations that demonstrated that the company inappropriately pressured staff to pad sales of its Soliris treatment.
> Read the Wall Street Journal report
Source: Pharmaceutical Manufacturing
As Novo Nordisk gears up to disrupt the obesity market with its newly approved weight-loss drug Wegovy, it is teaming with retail pharmacy giant CVS Health on a new education and nutrition coaching program for people taking anti-obesity meds.
The terms of the deal were undisclosed, but Atreca received $6 million from the Gates Foundation in 2012 to discover potential treatments for malaria, tuberculosis and HIV. The foundation has also given grant money to other biopharmas exploring malaria treatments, including Exscientia, which secured $4.2 million last year for such work.
At the start of the last decade, the IPO markets weren’t receptive to biotech companies. But by 2013, public investment was pouring into the industry, drawn by scientific advances and boosted by the newfound interest of a broader range of investors. Ever since, biotechs and their backers have ridden a multi-year boom. Keep track of them as they happen with this database.
