Roche Holding AG said Thursday that John Reed, head of pharma research and early development, has decided to leave the company and will be replaced by William Pao.
Mr. Pao is currently global head of the oncology discovery and translational area at the research and development department and will assume his new role on April 2, Roche said. He will also become a member of the company’s enlarged corporate executive committee.
“Since joining Roche in 2014, William has been instrumental in the build-up of cancer immunotherapy and molecular targeted therapies,” said Chief Executive Severin Schwan, on the appointment.
By Alberto Declaux
Source: MarketWatch
Colorcon Ventures, the corporate venture fund of Colorcon Inc., has invested in VeriSIM Life, a San Francisco-based startup with a digital bio-simulation platform that accelerates drug development and reduces animal testing.
Initial public offerings have fueled biotech’s boom. Keep track of them as they happen with this database. Which biotechs create value over time, and which fail? What types of companies are generating the best returns? Who are their top investors? Biopharma Dive is tracking these details in the database which will be updated regularly.
Sanofi has ended a long-running alliance with Sangamo Therapeutics to develop genetic medicines for inherited blood disorders, among them an experimental sickle cell disease therapy that is in early clinical testing.
The two have been developing complex, personalized treatments, led by a sickle cell drug known as SAR445136. But Sanofi is now more interested in off-the-shelf approaches, which are meant to be more convenient.
