→ The top leadership at
Lexicon Pharmaceuticals
is still undergoing a major makeover as president and COO
Jeff Wade
heads for the exit
on Sept. 30 after 25 years with the Texas-based biotech. Wade won’t be around for the outcome of Lexicon’s
latest attempt
at an FDA nod in type 1 diabetes for
sotagliflozin
, which has a Dec. 20 decision date. The drug
has already been approved
for heart failure and is marketed as
Inpefa
. Lexicon
laid off
about 75 people in its sales and commercial teams in August “to right-size our promotional efforts around Inpefa for heart failure and reallocate resources to prepare for our potential launch” in type 1 diabetes and chronic kidney disease, CEO
Mike Exton
said
in a statement. Exton
succeeded
Lonnel Coats
as CEO a month earlier.
→
Sarepta Therapeutics
has appointed
Genmab
chair
Deirdre Connelly
to the board of directors. Connelly had a 26-year career with
Eli Lilly
before pivoting to
GSK
in 2009 as president, North America pharmaceuticals until her retirement in 2015. She’s also a board member at
Macy’s
and
Lincoln Financial Group
. Like
Janet Woodcock
before him, CBER Director
Peter Marks
helped Sarepta
cross the goal line with a label expansion in June for its Duchenne muscular dystrophy treatment
Elevidys
— overruling his own staff and befuddling experts.
→
Mitchell Chan
has replaced
Vit Vasista
as CFO of
Regenxbio
at a time when the company plans to start a pivotal study for its own Duchenne gene therapy. It’s another big change for Regenxbio after
Ken Mills
became executive chairman and
Curran Simpson
succeeded Mills
as CEO on July 1. Chan spent a year with Catalio Capital Management as operating partner after he was elevated to the CFO post at Viela Bio. Vasista had been finance chief since 2009 and will be an advisor until Jan. 3.
→ Here’s a look at some CEO news that we covered earlier this week:
Former
Kite Pharma
commercial chief
Warner Biddle
has succeeded
Peter Maag
as CEO of
Kyverna Therapeutics
, which also added ex-Kite CEO
Christi Shaw
to the board. Shares
$KYTX
of Kyverna have taken a precipitous fall since
its $319 million IPO
in February.
Ochre Bio
co-founder
Jack O’Meara
is calling it quits after five years as CEO, but
he tells
Lei Lei Wu that he has an Alzheimer’s startup in the works.
In a LinkedIn post
announcing his departure, O’Meara also said that former
F-star
CEO and current
Levicept
chief
Eliot Forster
will be interim executive chair.
And
Shilpa Sambashivan
has been promoted to CEO of
Nura Bio
, which stapled
an additional $68 million
to its Series A — bringing its total to $141 million. Sambashivan was a project team lead at
Amgen
before becoming a founding member at Nura Bio.
→
Matt Kane
is taking the top spot
at
Celyad Oncology
, a Belgian biotech that has seen considerable turnover at the top. Celyad co-founder
Michel Lussier
filled in as interim CEO for a second time after
Georges Rawadi
’s
sudden exit
last December; he also took over when
Filippo Petti
stepped down in 2022. Kane co-founded
Precision BioSciences
with
Derek Jantz
and
Jeff Smith
, leading the company until he joined epigenome editing startup
Tune Therapeutics
as CEO in 2021. Kane’s LinkedIn page indicates that he left Tune in April, a year after
he hired Jantz
as CSO.
→ Ex-
Prometheus Biosciences
chief
Mark McKenna
has found a CFO
at his new I&I bet,
Mirador Therapeutics
.
Gregg Gilbert
had been a managing director in the healthcare investment banking group for
Bank of America Securities
since 2021 and worked at
Bank of America Merrill Lynch
for 15 years. After selling Prometheus and its inflammatory bowel disease drug to
Merck
for $10.8 billion
, McKenna wasted little time getting Mirador off the ground
with a $400 million Series A
in March, one of the largest private financing rounds of 2024.
→ GLP-1 competitor
Structure Therapeutics
has promoted
Blai Coll
to CMO and welcomed
Ashley Hall
as chief development officer. Coll, who replaces
Mark Boch
, had led clinical development for
Raymond Stevens
’ crew since May 2022 and was cardiovascular and metabolic platform lead, medical affairs at the end of a six-year stint with Amgen. Hall is an Amgen vet in her own right who held the role of development chief at
Reneo Pharmaceuticals
. Structure’s stock price soared in June
$GPCR
when
it produced
efficacy data with its oral GLP-1
GSBR-1290
that was on par with Eli Lilly’s obesity drug
orforglipron
.
→
Novartis
and
Gilead
veteran
Matthias Will
has succeeded
Edgar Braendle
as chief development officer at
Autolus Therapeutics
. Will had led clinical development at
CRISPR Therapeutics
and
CytomX
before his most recent gig as CMO of
Dren Bio
. The FDA is expected to make a decision by Nov. 16 on Autolus’ CD19-directed CAR-T
obecabtagene autoleucel
, or
obe-cel
.
→ According to
an SEC filing
,
Crinetics
chief commercial officer
Jim Hassard
will pack his bags on Oct. 14 in what’s described as a “termination without cause.” The 17-year Amgen vet came to Crinetics from
Arrowhead Pharmaceuticals
in March 2022. Phase 3
successes
with its acromegaly drug
paltusotine
have propelled Crinetics to an NDA filing “later this year” and “an expected market launch in 2025,” CEO
Scott Struthers
said
in the San Diego biotech’s second-quarter report. CFO
Mark Wilson
cited personal reasons for his own upcoming departure, which was also included in Crinetics’ Q2 update.
→ Allosteric drug discovery shop
HotSpot Therapeutics
has introduced
Alison O’Neill
as CMO. O’Neill is the former medical chief at
Surface Oncology
, which
was acquired
by
Coherus BioSciences
last year for $65 million. She had a senior leadership role in the global oncology division at
Sanofi
and was VP of clinical development for
Radius Health
.
→ Ex-
Icosavax
CEO
Adam Simpson
has landed
at
Frazier Life Sciences
as a venture partner on its company creation team and will work out of Frazier’s office in San Diego. Simpson
sold the vaccine developer
to
AstraZeneca
last December, and his previous company — celiac disease specialist
PvP Biologics
—
was purchased
by
Takeda
in 2020.
→
Ruben Tommasi
has been named
CSO of
Entact Bio
, a Watertown, MA-based biotech led by ex-
Ribon Therapeutics
CEO
Victoria Richon
that is developing enhancement-targeting chimeric molecules, or ENTACs. Tommasi has also held this role at
Dunad Therapeutics
and AstraZeneca spinout
Entasis Therapeutics
. Entact Bio has kept a relatively low profile since its
$81 million Series A
in 2022, but it did show up in Peer Review this spring
when it recruited
fellow Entasis vet
Michael Gutch
as COO.
→
Third Rock
’s Treg developer
Abata Therapeutics
has resurfaced in Peer Review for the first time in more than a year,
naming
Joanne Beck
as chief technical officer. The
Shire
and
Celgene
alum is the ex-technical chief at
Aerium Therapeutics
, the Covid biotech led by
Rajeev Venkayya
that recently shut down
because of a surge in new variants. In April 2023, Abata poached
Sonoma Biotherapeutics
CMO
Leonard Dragone
for the same role
.
→ Led by ex-
Teva
R&D chief
Michael Hayden
, neuro biotech
Prilenia
has tapped
Rob Lauzen
as CFO and
Jason Marks
as chief legal officer. Lauzen was VP, investor relations and head of financial planning & analysis at
Dyne Therapeutics
, which
made a CMO change
and lost its COO and CBO earlier this month. Marks just had a short stint with Teva as a senior legal advisor to global transactions and global finance. The
Bausch Health
alum has also been chief legal and compliance officer at
Amarin
.
→ San Francisco eye disease biotech
Ray Therapeutics
has selected
Christopher Whitmore
as CFO. Whitmore had held the same position with
Immune-Onc Therapeutics
since July 2022, and he was VP, finance & administration for
Harpoon Therapeutics
from 2018-21. Ray Therapeutics, which hauled in
a $100 million Series A
last year, will test its gene therapy
RTx-015
in patients with retinitis pigmentosa.
→
Tris Pharma
has promoted
VP of marketing
Manesh Naidu
to the role of chief commercial officer. Naidu joined the New Jersey-based company in 2023 after a stint as chief marketing officer of
Althera
Pharmaceutical
. Naidu’s résumé also includes stints at
McKinsey
,
Mallinckrodt
, Novartis,
Pfizer
and
Bellerophon
Therapeutics
. In May, Tris
snagged
the first liquid non-stimulant ADHD drug approval in the US.
Onyda XR
will be used to treat ADHD in children at least 6 years of age.
→ Backed by
Jeff
Bezos
, Seattle-based
Nautilus Biotechnology
has named
Kentaro Suzuki
as chief marketing officer. Suzuki most recently served as VP and general manager of
Agilent Technologies’
mass spectrometry division. Before that, he was with Takeda and
Hewlett-Packard
.
→ San Francisco-based
89bio
has appointed
Teresa Perney
as chief regulatory and quality officer. Perney held this title at
EQRx
after five years with
Myovant Sciences
as SVP of regulatory and quality.
Madrigal Pharmaceuticals
finally broke through with an FDA approval for metabolic dysfunction-associated steatohepatitis (also referred to as NASH), and 89bio is enrolling patients for late-stage studies of
pegozafermin
— one for non-cirrhotic MASH and another for MASH with compensated cirrhosis. “I’m eager to leverage my experience to navigate the regulatory landscape and help bring this innovative therapy to patients worldwide,” Perney
said in a statement
.
→ There’s also a
new regulatory chief
at
Disc Medicine
:
Steve Caffé
spent five years with
CRISPR Therapeutics
as head of regulatory affairs until his departure last December. Earlier, he had numerous stops as a regulatory exec with such companies as
Ra Pharmaceuticals
,
Sucampo Pharmaceuticals
,
AMAG Pharmaceuticals
and
MedImmune
. Shares of Disc
$IRON
fell sharply in early April after
mixed data
with its drug for a rare blood disorder called erythropoietic protoporphyria, but have rebounded since.
→ Although AI-designed drugs haven’t exactly lived up to the hype, companies like
BPGbio
are trying to flip the narrative. This week, GSK alum
John Beeler
has joined
the team as SVP of business development. Beeler comes to BPGbio from
Bristol Myers Squibb
, where he took on the role of business development search & evaluation lead.
→ Macrocycle startup
Circle Pharma
has brought in
Marie Evangelista
as SVP and head of cancer biology, and promoted
Constantine Kreatsoulas
to SVP and head of discovery technology sciences. Evangelista spent the last two years as VP of oncology at one of the most
ambitious AI drug developers
,
Recursion
. The longtime
Genentech
vet also had a brief tenure with
Frontier Medicines
as senior director of translation medicine. Kreatsoulas had a nine-year run at GSK and was the pharma giant’s interim head, computational toxicology before coming to Circle in 2021 as head of research and VP, research informatics and computational chemistry. Circle
disclosed
its $54 million Series D in an SEC filing this summer.
→ South San Francisco-based
Ideaya Biosciences
has recruited
Douglas Snyder
as general counsel. Snyder most recently served as chief legal officer and secretary of
GW
Pharmaceuticals
. Earlier in his career, Snyder was general counsel and secretary at
Actelion
and
Eisai
. Back in July, Ideaya
inked a $406.5 million deal
with
Biocytogen
.
→
Deerfield Group
has rolled out
the welcome mat for two new execs:
Guy Varady
as EVP, integrated marketing and
Bob Josefsberg
as EVP, communications. Before this, Varady was SVP, management supervisor for
DDB Health
and held a number of roles at
IPG Health
and
Omnicom Health Group
. Meanwhile, Josefsberg was VP, corporate communications at
Karuna Therapeutics
and managing director at
Chamberlain Healthcare Public Relations
.
→
Tempest
Therapeutics
, which
revealed early PFS and OS data
for its liver cancer combo last October,
has brought on
Sheldon Mullins
as VP, regulatory affairs. Mullins joins the team after gigs at Arrowhead Pharmaceuticals and
Ardelyx
. Earlier in his career, Mullins was with
Anacor
Pharmaceuticals
,
Onyx Pharmaceuticals
and Genentech. In addition to Mullins’ appointment,
Darrin Bomba
and
Henry Johnson
have been promoted to the titles of VP, development operations and VP, CMC & medicinal chemistry, respectively.
→
Entrada Therapeutics
CEO
Dipal Doshi
has picked up a seat
on the board of directors at
āshibio
, a California biotech that will push its ex-Gilead drug
andecaliximab
into a Phase 2/3 study for patients with an ultra-rare bone disorder called fibrodysplasia ossificans progressiva (FOP). Āshibio came out of stealth mode this summer
with a $40 million raise
.
→
Akari Therapeutics
, which is developing
PAS-nomacopan
for geographic atrophy,
has elected
former
Epizyme
CEO
Rob Bazemore
to the board of directors. Bazemore is also a board member at
Ardelyx
and
Nuvation Bio
.