AbbVie's Michael Severino joining Flagship Pioneering as CEO-Partner
Biotech funder and incubator Flagship Pioneering today announced that Michael Severino is joining the company as chief executive (CEO)-partner.
Dr Severino joins Flagship from AbbVie (NYSE: ABBV), where he served as vice chairman and president. As a CEO-Partner, Dr Severino will play an instrumental role in Flagship Pioneering’s efforts to create and develop ground-breaking innovations in human health and will serve as CEO of a Flagship company to be announced in due course.
He leaves a company with $56 billion in 2021 net revenues and blockbuster medicines and joins an incubator that has launched dozens of biotechs ranging from COVID-19 vaccine heavyweight Moderna (Nasdaq: MRNA) to other ventures like Kaleido Biosciences, which disclosed last Friday that it would be shutting down.
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