Meek's bold step down from Ipsen upsets investors

18 December 2019

In a surprise move, Ipsen (Euronext: IPN) chief executive David Meek (pictured above) has quit his position at the French drugmaker to take the helm at a small gene therapy startup, FerGene.

A subsidiary of Swiss firm Ferring Pharmaceutical, FerGene was founded in November 2019 with a $400 million investment from Blackstone Life Sciences. Ferring put in another $170 million.

The new company is developing nadofaragene firadenovec (rAd-IFN/Syn3), an investigational gene therapy, for certain people with bladder cancer.

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