Executive Chair (Ceo During 2012)
Cambridge, Cambridgeshire, Gb
Working with the board and CEO we effectively transitioned F-star from a technology-focused discovery company into a clinical-stage, product-focused research and development organization, with a significant emphasis in the area of immuno-oncology. I helped build the development team and strategy, put in place a senior management team, and grew the company to 100 employees. Multiple internal bi-specific programs were put into the clinic, three of which continue to advance into later stage clinical trials. My responsibilities also included establishing Europe's first biotech asset-centric vehicle financial structure (LLC-type structure). This was utilized in a preclinical bispecific antibody deal I was responsible for negotiating with Bristol-Myers Squibb ($50M upfront, with $475M total deal value). This financial structure was then used to complete three additional ACV deals, which have resulted in over $200M in cash payments, with multi-billion dollar milestone potential. In 2018, F-star Gamma (discovery stage company) was acquired by Denali for $24M upfront with up to $450M in contingent milestone payments. The lead program from this transaction is currently in a phase III Hunter Syndrome clinical study, with a second program now in phase 1/2 clinical trials for the treatment of Sanfillipo Syndrome.