Sector News

Novartis loses top oncology executive Strigini to retirement

December 21, 2017
Life sciences

As Novartis preps for its upcoming CEO transition, so too will it have to find a new leader in oncology. One of the drugmaker’s top executives, Bruno Strigini, is retiring for personal reasons, Novartis announced Friday.

Strigini joined Novartis in 2014 after spending several years at Merck, ultimately as president of the company’s European and Canadian operations. During his time at the Swiss drug giant, Strigini managed the integration GlaxoSmithKline’s oncology programs following a massive asset swap and saw the company through its blockbuster patent loss for Gleevec last year. He additionally helped Novartis beat all competitors to an FDA nod for CAR-T treatment Kymriah.

Novartis didn’t give any indication how it plans to fill the role, saying only that it will “announce his successor in due time.” He’ll come off of the executive committee by the end of the year and fully hand off the reins in early 2018.

Just before Strigini joined Novartis, the company agreed to its massive asset swap with GSK, offloading its vaccine programs—besides flu—in exchange for Glaxo’s cancer offerings. Outgoing Novartis CEO Joe Jimenez called the deal “transformational” when it was announced as it would ultimately propel the drugmaker to a leadership position in oncology.

Much more recently, Novartis won the industry’s first CAR-T approval in August, when the FDA backed Kymriah to treat children and young adults with a rare form of acute lymphoblastic leukemia. CAR-T meds are re-engineered T cells collected from each patient and infused back into the patient to identify and attack cancer, and some experts see them as a future cornerstone of cancer treatment.

Interestingly, Novartis hired Strigini as head of oncology development and medical affairs to replace Alessandro Riva, who was in the post on an interim basis. Riva has since left Novartis for Gilead and played a key role in that company’s pursuit and purchase of Kite Pharma, another top CAR-T player. After the buyout closed, Gilead promoted Riva to executive vice president of oncology therapeutics.

Now, Gilead and Novartis are the only two commercial CAR-T companies, with many others pursuing the technology in the clinic.

Strigini saw another shakeup at Novartis last year when the company divided its drug group into two units—pharmaceuticals and oncology—and put him in charge of the cancer outfit. At the time, Novartis touted Strigini as being “instrumental in the successful integration of the oncology assets acquired from GSK.”

Outgoing Novartis CEO Joe Jimenez reiterated the point in Friday’s announcement, saying Strigini “has navigated the business unit through the Gleevec patent expiration and has led the successful integration of the GSK Oncology Product Portfolio acquired in 2015.”

“I wish him the best for his future,” Jimenez added.

Prior to Merck, Strigini served as president, international for UCB and as a VP of international marketing for GlaxoSmithKline, according to his LinkedIn page.

By Eric Sagonowsky

Source: Fierce Pharma

comments closed

Related News

April 20, 2024

CureVac and MD Anderson Cancer Center partner to develop new cancer vaccines

Life sciences

CureVac and the University of Texas’s MD Anderson Cancer Center have announced a co-development and licensing agreement to develop novel messenger ribonucleic acid (mRNA)-based cancer vaccines. The strategic collaboration will focus on the development of differentiated cancer vaccine candidates in selected haematological and solid tumour indications with high unmet medical needs.

April 20, 2024

FUJIFILM plans $1.2 billion investment in major US manufacturing facility

Life sciences

FUJIFILM Corporation is planning to invest $1.2 billion to expand the planned FUJIFILM Diosynth Biotechnologies manufacturing facility in Holly Springs, North Carolina, US. This news follows the organisation’s announcement of a $2 billion investment in the facility in March 2021. This additional financial boost totals the investment to over $3.2 billion, FUJIFILM confirmed.

April 20, 2024

Sanofi cuts staff in Belgium as early-stage research dwindles

Life sciences

Sanofi’s global restructuring and downsizing is now fully underway, with layoffs stretching to the company’s Belgian offices. Belgian newspaper De Tijd reports that 67 employees have been laid off at a site in Ghent and 32 jobs are on the chopping block at Sanofi’s Belgium HQ in Diegem.

How can we help you?

We're easy to reach