Allegro Opthalmics names new CEO

Allegro Opthalmics has announced the hiring of a new chief executive, former chief medical officer Vicken Karageozian.

Dr Karageozian, who also serves as Allegro's president, has been chief medical officer of the California eyecare specialist for eight years since he co-founded the company with his father Hampar Karageozian. The elder Karageozian has resigned as chief executive to assume the role of executive chairman.

"I would like to thank Hampar for his passion, dedication and the effort he has put forth the last seven years in the development of a potential first-in-class drug for the treatment of diabetic macular edema (DME). His many years in drug discovery, and long track record of building successful ophthalmic companies have been essential for establishing a strong foundation for Allegro’s growth," said William Link, co-founder and managing director of Versant Ventures and a member of Allegro’s board of directors.