Life's Grossman starts VC adventure; CEO takes stock

Following the completion of its $13.6bn takeover by Thermo Fisher Scientific, former Life Technologies executive Paul Grossman has joined venture capital firm Telegraph Hill Partners as a venture partner. Dr Grossman was head of global strategy and corporate development at Life, where he was responsible for the company’s corporate strategy, licensing, business development and acquisition activities. Meanwhile, former Life chairman and CEO Greg Lucier is taking some time out after running a public company for 11 years, he told Clinica’s sister publication Scrip. Mr Lucier was appointed CEO of Invitrogen in 2003, which merged with Applied Biosystems in 2008 to form Life. He will remain active as a board member at companies including NuVasive, RainTree Oncology Services, Carefusion and the Sanford-Burnham Medical Institute in San Diego. "In time, I will get back into being a CEO," he said.