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Inovio adds two to the leadership team; Adrian Woolfson is out at Sangamo

Inovio adds two to the leadership team; Adrian Woolfson is out at Sangamo

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→ Entrenched in a legal battle with their manufacturer that’s evidently blocking them from making their Covid-19 vaccine candidate, Inovio is making some leadership changes. Gene Kim will be president of Inovio Asia, while Mammen (Anza) Mammen jumps aboard the biotech as SVP, clinical development, and is slated oversee development of Inovio’s DNA vaccine candidate INO-4800.

An ex-CFO at VGX Pharmaceuticals, Kim had previously been the CFO of AfreecaTV and video game developer WeMade Entertainment, both South Korean companies. And Mammen, who retired from the US Army with the rank of colonel, spent more than 6 years at Vical, becoming their SVP, clinical development, and prior to that role, was an infectious disease consultant and founding chief of the DoD’s pandemic warning team at Fort Detrick, MD.

→ Starting July 13, Fargo, ND-based plasmid DNA manufacturer Aldevron will change CEOs. Kevin Ballinger, who was “on the verge of being a lifer” at Boston Scientific, will take the helm. He’s replacing Michael Chambers, who was named executive chairman of the board at Aldevron, which was founded on the campus of North Dakota State University in 1998 by Chambers and John Ballantyne. Ballinger was EVP and global president of Boston Scientific’s largest division, interventional cardiology, for the past 9 years.

Jason Fontenot

→ An R&D split is unfolding at Sangamo, where EVP of R&D Adrian Woolfson, who had only been with the California biotech since January 2019, has been shown the door. With a search underway for a new head of development, Biogen vet Jason Fontenot — who has been Sangamo’s SVP of cell therapy — steps up to the plate as interim head of research. Before joining Sangamo, Fontenot was CSO at Immusoft Corporation and, prior to that, founded Immune Automata Consulting. He spent 8 years at Biogen, where he was a group leader in immunology discovery.

→ Mental health and psychedelics biotech ATAI Life Sciences has launched IntroSpect Digital Therapeutics, naming David Keene president and CEO of the new platform. ”By using a variety of digital biomarkers, we stand to make treatments increasingly refined, effective, and — most importantly for mental healthcare — individualized,” Keene said in a statement. Keene founded Everystory, which was later renamed Dthera Sciences in 2016, and was their chief technology officer, leading development of what has been described as an AI-enabled device for Alzheimer’s dubbed DTHR-ALZ.

Robert Radie

Neuraptive Therapeutics — focused on the treatment of peripheral nerve injuries — has brought on Robert Radie to take over the helm of the company as CEO and chairman of the board. Radie has experience running operations as CEO at Zyla Life Sciences, Transmolecular and Topaz Pharmaceuticals (acquired by Sanofi Pasteur). In addition, he’s held posts at Prestwick Pharmaceuticals, Morphotek and Vicuron Pharmaceuticals.

Samuel Tong

→ The Laboratory for Advanced Medicine has wooed Samuel Tong as CEO of the company’s Chinese operations. Tong hops aboard from NAMSA, where he served as VP and general manager of the Asia Pacific Region. Previously, he served in roles at QIAGEN, Abbott Vascular and GE Medical among others.

→ Effective July 30, Nicholas Green is succeeding Rick Hancock as president and CEO of California-based CDMO Avid Bioservices. Hancock had been interim president and CEO for the past year. Green jumps to Avid after 9 years as president and CEO of Therapure Biopharma, a company out of Mississauga, Ontario that also includes Therapure Manufacturing. He was also president and CEO of Rhodia Pharma Solutions and was briefly the president of the pharma division at Codexis.

Allen Melemed

Eli Lilly vet Allen Melemed has been named CMO of Chimerix, which six years ago found itself at the center of a hurricane of public anger over its initial refusal to provide their lead experimental drug to a dying child. Before his move to the Durham, NC-based biotech, Melemed was a Distinguished Medical Fellow and senior director of regulatory affairs oncology, North America at Lilly. Among the oncology medicines he worked on in his 20-plus years at the pharma giant is Verzenio, which just last week showed positive results in a Phase III trial for patients with high risk hormone receptor/HER2 negative breast cancer.

→ Another Eli Lilly vet, Thane Wettig, is headed to San Francisco biopharma FibroGen as their chief commercial officer. Prior to FibroGen, which just had its lead drug roxidustat for anemia accepted for review by the EMA, Wettig had been the chief commercial officer and metabolic franchise leader at Intarcia Therapeutics. Before then, Wettig was at Lilly for nearly 28 years, leaving as VP of global marketing, strategy and alliance management for Lilly Diabetes.

Robert Jordan

→ Respiratory infection-focused Meissa Vaccines has recruited Robert Jordan as their VP of R&D after a short tenure as Vir’s director of virology. Jordan also had a hand in the discovery and development of antiviral therapies, most notably remdesivir, when he was director of biology for Gilead. Before his time at Gilead, he was director of virology at Siga Technologies.

Josefin-Beate Holz has been named CMO at RNA epigenetics player Storm Therapeutics. Holz makes her way to the University of Cambridge spinout after being an independent clinical advisor since 2015. Her leadership experience includes tenures at Ablynx, GPC-Biotech, Gilead, Bristol Myers Squibb, OSI Pharmaceuticals (acquired by Astellas) and LEO Pharma.

Compass Pathways, the London mental health startup backed by Peter Thiel which grabbed $80 million in funding back in April, has welcomed Trevor Mill as chief development officer. Mill joins Compass after being SVP, head of global safety and regulatory sciences with Biogen. He was also Pfizer’s head of regulatory strategy, pharmatherapeutics, and spent 12 years overall at the pharma giant.

Terri Young

→ With its SER-109 program in Phase III development for recurrent C. diff, and trying to work its way back into the mix after 30% of its workforce was let go in early 2019, microbiome player Seres Therapeutics has named Terri Young EVP, chief commercial and strategy officer, effective June 29. Young is leaving Sage Therapeutics, where she was VP global commercial strategy. The GSK vet also spent time in leadership at Bristol Myers Squibb as VP and general Manager, cardiovascular.

Reina Benabou

→ Just a week after plugging in Will Kane as chief commercial officer, New Haven, CT pharma BioXcel Therapeutics has brought in Reina Benabou as SVP and chief development officer. Benabou, who joins BioXcel after being SVP & CMO at Cognivue, has a Big Pharma background that includes stints at Novartis (VP & worldwide medical head for the neuroscience franchise) and Pfizer (head of global medical product evaluation).

→ There are promotions galore at Coral Gables, FL-based Catalyst Pharmaceuticals, the maker of Firdapse to treat adults with Lambert-Eaton myasthenic syndrome. Jeffrey Del Carmen gets the bump to chief commercial officer after arriving at Catalyst in August 2018 as SVP of sales and marketing. Del Carmen had previously been VP of business development for Paragon Biosciences. Meanwhile, Pete Curry moves to VP of sales, and Maria Pandolfo has been promoted to VP of patient services.

→ After recently posting positive interim data for their Phase I trial, California-based biotech Adverum Biotechnologies has added a new face to the team with the appointment of Heikki Jouttijärvi as VP, manufacturing. Jouttijärvi hops aboard from Menlo Therapeutics, where he served as VP, technical operations. Previously, Jouttijärvi served in roles at Santen Pharmaceutical Company.

Sygnature Discovery, a Nottingham-based provider of drug discovery and preclinical services, has made a new addition to its leadership team with the appointment of Paul Overton as SVP of business development. Overton joins the company from Eurofins, where he served as head of European sales, marketing and key account management.

Teresa Bair

→ Cancer-focused Buffalo, NY biopharma Athenex has promoted Teresa Bair to general counsel and SVP, administration from her previous position of SVP, legal affairs and administration. Before making it to Athenex in 2015, Bair was a partner at Harris Beach.

→ Over at a different Catalyst, Charles Democko has moved to Catalyst Biosciences to become SVP, regulatory affairs. Democko had led CytomX’s regulatory affairs and quality, and before that, he was VP of regulatory affairs at an array of companies such as Ascendis, KaloBios, Novacea, PharmacoFore, and Connetics.

Nascent Biotech out of San Diego has assigned Navpaul Singh to the role of chief medical consultant for Covid-19 research, particularly as it pertains to their lead product, Pritumumab. “This opportunity with Nascent Biotech allows me to continue my medical work in viral infections that are with us today and possibly in the future,” Singh said in a statement.

→ Canadian CRO Altasciences — which previously inked a deal with fellow CRO WuXi last May — has enlisted Joseph Francisco as chief toxicologist. Francisco joins with experience from his time at Charles River Laboratories, Seattle Genetics and Bristol Myers Squibb.

Partnering with Roche’s Genentech on an immuno-oncology collaboration, Bicycle Therapeutics has appointed Sir Keith Peters chairman of their scientific advisory board. Peters, the emeritus regius professor of physic at the University of Cambridge, was also on the board of medical advisers to Merck Research Laboratories and senior consultant in R&D for GSK.

Jane Wasman

→ Natural killer immunotherapy player Cytovia Therapeutics has added Leila Alland and Jane Wasman to their board of directors. Alland, the current CMO at PMV Pharma, was previously the CEO at Affimed and has held positions at such Big Pharmas as AstraZeneca, Bristol Myers Squibb and Novartis. Wasman, the chair of the board at Sellas Life Sciences, also spent 15 years at Acorda Therapeutics.

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Part 1: Current State of the Housing Market; Overview for mid-March 2024

Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-March 2024
A brief excerpt: This 2-part overview for mid-March provides a snapshot of the current housing market.

I always like to star…

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Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-March 2024

A brief excerpt:
This 2-part overview for mid-March provides a snapshot of the current housing market.

I always like to start with inventory, since inventory usually tells the tale!
...
Here is a graph of new listing from Realtor.com’s February 2024 Monthly Housing Market Trends Report showing new listings were up 11.3% year-over-year in February. This is still well below pre-pandemic levels. From Realtor.com:

However, providing a boost to overall inventory, sellers turned out in higher numbers this February as newly listed homes were 11.3% above last year’s levels. This marked the fourth month of increasing listing activity after a 17-month streak of decline.
Note the seasonality for new listings. December and January are seasonally the weakest months of the year for new listings, followed by February and November. New listings will be up year-over-year in 2024, but we will have to wait for the March and April data to see how close new listings are to normal levels.

There are always people that need to sell due to the so-called 3 D’s: Death, Divorce, and Disease. Also, in certain times, some homeowners will need to sell due to unemployment or excessive debt (neither is much of an issue right now).

And there are homeowners who want to sell for a number of reasons: upsizing (more babies), downsizing, moving for a new job, or moving to a nicer home or location (move-up buyers). It is some of the “want to sell” group that has been locked in with the golden handcuffs over the last couple of years, since it is financially difficult to move when your current mortgage rate is around 3%, and your new mortgage rate will be in the 6 1/2% to 7% range.

But time is a factor for this “want to sell” group, and eventually some of them will take the plunge. That is probably why we are seeing more new listings now.
There is much more in the article.

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RFK Jr. Reveals Vice President Contenders

RFK Jr. Reveals Vice President Contenders

Authored by Jeff Louderback via The Epoch Times,

New York Jets quarterback Aaron Rodgers and former…

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RFK Jr. Reveals Vice President Contenders

Authored by Jeff Louderback via The Epoch Times,

New York Jets quarterback Aaron Rodgers and former Minnesota governor and professional wrestler Jesse Ventura are among the potential running mates for independent presidential candidate Robert F. Kennedy Jr., the New York Times reported on March 12.

Citing “two people familiar with the discussions,” the New York Times wrote that Mr. Kennedy “recently approached” Mr. Rodgers and Mr. Ventura about the vice president’s role, “and both have welcomed the overtures.”

Mr. Kennedy has talked to Mr. Rodgers “pretty continuously” over the last month, according to the story. The candidate has kept in touch with Mr. Ventura since the former governor introduced him at a February voter rally in Tucson, Arizona.

Stefanie Spear, who is the campaign press secretary, told The Epoch Times on March 12 that “Mr. Kennedy did share with the New York Times that he’s considering Aaron Rodgers and Jesse Ventura as running mates along with others on a short list.”

Ms. Spear added that Mr. Kennedy will name his running mate in the upcoming weeks.

Former Democrat presidential candidates Andrew Yang and Tulsi Gabbard declined the opportunity to join Mr. Kennedy’s ticket, according to the New York Times.

Mr. Kennedy has also reportedly talked to Sen. Rand Paul (R-Ky.) about becoming his running mate.

Last week, Mr. Kennedy endorsed Mr. Paul to replace Sen. Mitch McConnell (R-Ky.) as the Senate Minority Leader after Mr. McConnell announced he would step down from the post at the end of the year.

CNN reported early on March 13 that Mr. Kennedy’s shortlist also includes motivational speaker Tony Robbins, Discovery Channel Host Mike Rowe, and civil rights attorney Tricia Lindsay. The Washington Post included the aforementioned names plus former Republican Massachusetts senator and U.S. Ambassador to New Zealand and Samoa, Scott Brown.

In April 2023, Mr. Kennedy entered the Democrat presidential primary to challenge President Joe Biden for the party’s 2024 nomination. Claiming that the Democrat National Committee was “rigging the primary” to stop candidates from opposing President Biden, Mr. Kennedy said last October that he would run as an independent.

This year, Mr. Kennedy’s campaign has shifted its focus to ballot access. He currently has qualified for the ballot as an independent in New Hampshire, Utah, and Nevada.

Mr. Kennedy also qualified for the ballot in Hawaii under the “We the People” party.

In January, Mr. Kennedy’s campaign said it had filed paperwork in six states to create a political party. The move was made to get his name on the ballots with fewer voter signatures than those states require for candidates not affiliated with a party.

The “We the People” party was established in five states: California, Delaware, Hawaii, Mississippi, and North Carolina. The “Texas Independent Party” was also formed.

A statement by Mr. Kennedy’s campaign reported that filing for political party status in the six states reduced the number of signatures required for him to gain ballot access by about 330,000.

Ballot access guidelines have created a sense of urgency to name a running mate. More than 20 states require independent and third-party candidates to have a vice presidential pick before collecting and submitting signatures.

Like Mr. Kennedy, Mr. Ventura is an outspoken critic of COVID-19 vaccine mandates and safety.

Mr. Ventura, 72, gained acclaim in the 1970s and 1980s as a professional wrestler known as Jesse “the Body” Ventura. He appeared in movies and television shows before entering the Minnesota gubernatorial race as a Reform Party headliner. He was a longshot candidate but prevailed and served one term.

Former pro wrestler Jesse Ventura in Washington on Oct. 4, 2013. (Brendan Smialowski/AFP via Getty Images)

In an interview on a YouTube podcast last December, Mr. Ventura was asked if he would accept an offer to run on Mr. Kennedy’s ticket.

“I would give it serious consideration. I won’t tell you yes or no. It will depend on my personal life. Would I want to commit myself at 72 for one year of hell (campaigning) and then four years (in office)?” Mr. Ventura said with a grin.

Mr. Rodgers, who spent his entire career as a quarterback for the Green Bay Packers before joining the New York Jets last season, remains under contract with the Jets. He has not publicly commented about joining Mr. Kennedy’s ticket, but the four-time NFL MVP endorsed him earlier this year and has stumped for him on podcasts.

The 40-year-old Rodgers is still under contract with the Jets after tearing his Achilles tendon in the 2023 season opener and being sidelined the rest of the year. The Jets are owned by Woody Johnson, a prominent donor to former President Donald Trump who served as U.S. Ambassador to Britain under President Trump.

Since the COVID-19 vaccine was introduced, Mr. Rodgers has been outspoken about health issues that can result from taking the shot. He told podcaster Joe Rogan that he has lost friends and sponsorship deals because of his decision not to get vaccinated.

Quarterback Aaron Rodgers of the New York Jets talks to reporters after training camp at Atlantic Health Jets Training Center in Florham Park, N.J., on July 26, 2023. (Rich Schultz/Getty Images)

Earlier this year, Mr. Rodgers challenged Kansas City Chiefs tight end Travis Kelce and Dr. Anthony Fauci to a debate.

Mr. Rodgers referred to Mr. Kelce, who signed an endorsement deal with vaccine manufacturer Pfizer, as “Mr. Pfizer.”

Dr. Fauci served as director of the National Institute of Allergy and Infectious Diseases from 1984 to 2022 and was chief medical adviser to the president from 2021 to 2022.

When Mr. Kennedy announces his running mate, it will mark another challenge met to help gain ballot access.

“In some states, the signature gathering window is not open. New York is one of those and is one of the most difficult with ballot access requirements,” Ms. Spear told The Epoch Times.

“We need our VP pick and our electors, and we have to gather 45,000 valid signatures. That means we will collect 72,000 since we have a 60 percent buffer in every state,” she added.

The window for gathering signatures in New York opens on April 16 and closes on May 28, Ms. Spear noted.

“Mississippi, North Carolina, and Oklahoma are the next three states we will most likely check off our list,” Ms. Spear added. “We are confident that Mr. Kennedy will be on the ballot in all 50 states and the District of Columbia. We have a strategist, petitioners, attorneys, and the overall momentum of the campaign.”

Tyler Durden Wed, 03/13/2024 - 15:45

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Pharma industry reputation remains steady at a ‘new normal’ after Covid, Harris Poll finds

The pharma industry is hanging on to reputation gains notched during the Covid-19 pandemic. Positive perception of the pharma industry is steady at 45%…

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The pharma industry is hanging on to reputation gains notched during the Covid-19 pandemic. Positive perception of the pharma industry is steady at 45% of US respondents in 2023, according to the latest Harris Poll data. That’s exactly the same as the previous year.

Pharma’s highest point was in February 2021 — as Covid vaccines began to roll out — with a 62% positive US perception, and helping the industry land at an average 55% positive sentiment at the end of the year in Harris’ 2021 annual assessment of industries. The pharma industry’s reputation hit its most recent low at 32% in 2019, but it had hovered around 30% for more than a decade prior.

Rob Jekielek

“Pharma has sustained a lot of the gains, now basically one and half times higher than pre-Covid,” said Harris Poll managing director Rob Jekielek. “There is a question mark around how sustained it will be, but right now it feels like a new normal.”

The Harris survey spans 11 global markets and covers 13 industries. Pharma perception is even better abroad, with an average 58% of respondents notching favorable sentiments in 2023, just a slight slip from 60% in each of the two previous years.

Pharma’s solid global reputation puts it in the middle of the pack among international industries, ranking higher than government at 37% positive, insurance at 48%, financial services at 51% and health insurance at 52%. Pharma ranks just behind automotive (62%), manufacturing (63%) and consumer products (63%), although it lags behind leading industries like tech at 75% positive in the first spot, followed by grocery at 67%.

The bright spotlight on the pharma industry during Covid vaccine and drug development boosted its reputation, but Jekielek said there’s maybe an argument to be made that pharma is continuing to develop innovative drugs outside that spotlight.

“When you look at pharma reputation during Covid, you have clear sense of a very dynamic industry working very quickly and getting therapies and products to market. If you’re looking at things happening now, you could argue that pharma still probably doesn’t get enough credit for its advances, for example, in oncology treatments,” he said.

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