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Mathai Mammen, former head of worldwide R&D on the Janssen unit of Johnson & Johnson (JNJ), has emerged because the main contender to change into the Chief Govt of Biogen (NASDAQ:BIIB), Stat Information reported Friday, citing sources accustomed to the discussions.
With its Q2 2022 financials, BIIB introduced that its CEO Michel Vounatsos who has led the corporate since 2017, had determined to step down, and the corporate began an govt search to seek out his substitute.
A Biogen (BIIB) Spokesperson informed In search of Alpha that the corporate’s seek for new CEO is continuous, “and within the meantime, Michel Vounatsos and the management staff are targeted on delivering on the corporate’s mission and enterprise priorities.”
Vounatsos’s departure adopted FDA approval of Alzheimer’s remedy Aduhelm below controversial circumstances in 2021. In March, the corporate restricted the advertising and marketing assist for the anti-amyloid antibody as its gross sales upset amid payer pushback.
In August, JNJ introduced that Mammen, who joined because the Head of World R&D of its Janssen unit in 2017, would go away his place as Govt Vice President, Prescribed drugs. Mammen refused to touch upon the event to Stat Information, citing the continued transition from JNJ.
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