Biogen CEO Pick Vounatsos Suggests A Return To Commercial Focus

Biogen’s Chief Commercial Officer Michel Vounatsos will succeed CEO George Scangos effective Jan. 6. The appointment of the longtime Merck executive appears to suggest a renewed emphasis on the commercial landscape for a big biotech that has recently played up R&D.

The appointment of Biogen Inc.’s Chief Commercial Officer Michel Vounatsos to succeed George Scangos as CEO effective Jan. 6 suggests a renewed emphasis on commercial growth at a time when the company needs to squeeze growth out of its marketed products, particularly in the core area of multiple sclerosis, and fill a late-stage pipeline gap.

Biogen announced the new CEO after market close Dec. 19 and investors reacted with the stock dropping 2.7% on the...

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