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June 20, 2019___

Today's Rundown

Featured Story

Sanofi to ax 466 jobs, step up focus on cancer, gene therapy R&D 

Sanofi is cutting 466 jobs in France and Germany as part of the reorganization of its R&D group. The job losses are part of a pivot away from cardiovascular diseases and toward immuno-oncology drugs and gene therapies.

Top Stories

Forrester steps down as CEO of Verastem

Robert Forrester has resigned as CEO of Verastem. Chief Operating Officer Dan Paterson will lead the company while it looks for a permanent successor with commercial chops.

PureTech ditches Cambridge for Boston's Seaport in bid to boost R&D

PureTech Health has decamped from biotech hub Cambridge to Boston’s Seaport neighborhood. The new headquarters will bring PureTech’s labs under one roof as it builds its in-house programs.

Parexel pens CluePoints collab for risk-based monitoring work

Parexel is looking to bolster its clinical trial work and compliance by signing a new deal with CluePoints.

Merck scouts replacements for CEO Frazier less than a year after scrapping retirement rule: report

It was less than a year ago that Merck’s board scrapped a policy requiring CEOs to retire at the age of 65 in a move designed to keep Ken Frazier around. Now, the company is scouting replacements for the long-tenured helmsman, reports say.

Biotech billionaire Soon-Shiong steps down from ONC health IT advisory committee

Patrick Soon-Shiong, M.D., Wednesday said he is stepping down from the federal Health IT Advisory Committee that provides policy recommendations to the Office of the National Coordinator for Health IT.

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