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Finance Watch: Early-Stage Firms Gain Deal-Making Insight As Golumbeski Joins VC Ranks

 
• By Mandy Jackson

Private Company Edition: Celgene's former top deal-maker George Golumbeski is now a life science business consultant and venture partner at ARCH. Also, a VC investment surge portends another big year for biopharma, including $85m for Ansun and $66m for FogPharma.

Finance Watch

George Golumbeski, who ran Celgene Corp.'s business development group during an active period of deal-making there, has left the big biotech to hang his own shingle as a life science business consultant, work with ARCH Venture Partners and sit on various boards.

Celgene posted better-than-expected first quarter results, but the company still is stinging from a string of research and development setbacks, which came primarily from its partnered or acquired assets. (Also see "Celgene Shares Good News On Ozanimod, Quietly Dumps Pricey GED-0301 " - Scrip, 6 May, 2018

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