Dive Brief:
Natalie Holles, the chief executive of Audentes Therapeutics, has departed the company as the gene therapy developer s new owner Astellas Pharma fully folds the biotech into its larger organization.
Audentes, which was acquired by Astellas for $3 billion almost a year and a half ago, will now operate under the name Astellas Gene Therapies, the company announced Wednesday.
All 350 Audentes employees will join the newly formed unit, but Holles and some members of the Audentes leadership team will not transition over, an Astellas spokesperson confirmed to BioPharma Dive.
Dive Insight:
Biotech CEO departures in the wake of an acquisition by a larger pharmaceutical company are not uncommon, as many executives move on to find their next endeavor.
It was the year 2000. The Montel Williams Show, one of the longest running talk shows in television history, was at its prime, making millions for CBS Corporation (NYSE: CBS). Montel was on a plane flying to Utah to record a guest part for Touched by an Angel, when he felt. Read More.
have financial scandals that seem to confirm the reports results. on tuesday, federal officials accused iowa-based brokerage firm paragreem financial of fraud and arrested after he apparently attempted suicide and left a note saying he stole more than $100 million from customers. on thursday, wells fargo agreed to pay $175 million to settle claims that its brokers added what the justice department called a racial surtax to the loans of black and hispanic borrowers. the next day, jpmorgan revealed some of its traders sought to cover up the bad debts that contributed to its $7.5 billion trading loss and, last night, new york times reported that federal authorities expect to file criminal charges keying the key interest rate, we talked about that on the show last week. edward conner former partner at bain capital and author of
and, they whiten 25 times better than a leading whitening toothpaste. crest whitestrips. life opens up when you do. hello from new york, i m chris hayes here with deedric muhammed and edward conner from bain capital, alexa goldsteen and now a member of occupy wall street and stephen carter, law professor at yale and joining us is bill black. we re talking about the week that we ve seen on wall street, just in a week of wells fargo settlement of racially bias practices that cost black and latino borrowers money and we have seen more come out of the
record there. first, my story of the week, the voting rights act and how it may determine the outcome of this year s presidential race. in closing arguments this friday, attorneys for the state of texas argued the state should be released once and for all from the department of its voting business which was clearly authorized. the case is widely expected to wind up before the supreme court where we find the five appointees declaring it s no longer justified. the portion of the act at issue covers nine states and counties and townships and seven others largely in the south that have a history of erecting barriers. in year s past, this took a variety of forums and grandfather tastes that stopped newly formed slaves from voting and literacy tests or simple poll taxes that forced people to pay to vote f they could afford it. after one of the most powerful and courageous social movements in history, one that took the lives of 40 people, lbg signed the voting act in 1975 ending the