Investors appeared unimpressed by changes to the leadership team at US oncology specialist Mirati Therapeutics (Nasdaq: MRTX), where former Ipsen (Euronext: IPN) boss David Meek took over as chief executive in September of this year.
The San Diego-based company’s share price dropped by 14% on Monday, when the changes to the structure of the executive leadership team were announced.
Daniel Faga is to step down from his role as executive vice president and chief operating officer. Mirati will establish the role of chief financial officer to support the expansion of its commercialization capabilities and expanding portfolio, and has begun a search process.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze