After a career that has seen him lead Exelixis (Nasdaq: EXEL), Biogen (Nasdaq: BIIB) and most recently, Vir Biotechnology (Nasdaq: VIR), George Scangos is to retire in early April.
The US immunology company’s board of directors has appointed another industry veteran, Bayer’s (BAYN: DE) Marianne De Backer, as his successor, with Dr Scangos continuing to serve in an advisory role to her for a couple of months and providing strategic counsel to Vir as a member of the board thereafter.
"Confidence in Vir’s ability to transform the infectious disease landscape"Having been president and chief executive of Vir for six years, Dr Scangos has been credited with helping the company to deliver therapies for Ebola and COVID-19 to millions of patients, building a robust pipeline that currently spans five therapeutic areas, and establishing a strong balance sheet with approximately $2.7 billion in cash and cash equivalents.
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