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Biogen Idec Taps Exelixis' Scangos To Be New CEO

Exelixis’s long-time CEO George Scangos, PhD, is taking the the helm of Biogen Idec. The move is counterintuitive, both for the commercial stage Biogen and for Scangos, whose career has largely been focused on research and early development and free of activist shareholder pressure.

Shortly after the market closed on June 30, Biogen Inc. and Exelixis Inc. confirmed leadership changes that will result in Exelixis's long-time CEO George Scangos, PhD, taking the helm of the Big Biotech July 15. The move is counterintuitive, both for the commercial-stage Biogen and for Scangos, whose career has largely been focused on research and early development and free of activist shareholder pressure.

Scangos, a scientist turned entrepreneur, is best known for making deals of all stripes at a biotech with experimental medicines....

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