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Mega Biotechs Are Taking Over Drug Industry, Boosting Valuations


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At least 6 biotech startups launched in the past year after creating or acquiring smaller ventures.
These mega biotechs are fueled by record amounts of VC flowing into the drug industry.
Insiders say they are priced for perfection and could fail to live up to their early valuations.
To understand the hottest new trend in biotech, take a look at the firm Centessa Pharmaceuticals. 
Centessa was formed just seven months ago by the life-sciences venture-capital firm Medicxi, which fused together 11 startups.
These startups likely would have been harder to finance as independent entities, said Perceptive Advisors Chris Garabedian and another venture capitalist who was not authorized to speak to the media (Neither had inside knowledge of the deal, and both sa ....

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Samir Mody as chief commercial officer, while 
Friedrich Asmus signs on as SVP, clinical development and medical affairs. Meanwhile, the company has also tapped 
Joel Centeno as SVP, manufacturing, quality and supply chain. Mody comes over from Medtronic, where he was vice president, CRHF strategy, health economics and reimbursement. Asmus previously served as VP of clinical development at ophthalmology biotech ProQR Therapeutics, while Centeno comes over after stints at Boston Scientific, Hologic and AltheaDx.
Tamra Adams as chief financial officer, a newly created executive position at the company. Before joining Antios, Adams founded Accounting Concepts, which provided CFO, accounting, and financial services to emerging growth companies in the biopharmaceutical and information technology industries, including Engage Therapeutics. ....

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