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Scangos Leaves Biogen Transformed And Transitioning

 
• By Jessica Merrill

CEO George Scangos built Biogen into an innovative biotech, but his departure, coming as the company dusts itself off after a fall from glory, increased speculation Biogen could become a takeout target.

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• Source: Biogen Inc.

Biogen CEO George Scangos will leave the company he transformed after a successor is named, heightening uncertainty around the company’s future prospects and raising speculation that Biogen might be acquired.

Scangos announced his resignation during the company’s second quarter sales and earnings call July 21.

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