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Crunch Time For Glenmark’s US Innovation Arm, Founding CEO To Exit

 
• By Anju Ghangurde

Glenmark’s spin-out innovation arm, Ichnos, faces a crucial year of effort to partner out certain potential first-in-class therapeutics for autoimmune diseases and also to advance its oncology pipeline. Meanwhile, CEO and ex-Gilead executive Alessandro Riva is moving on.

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Crucial Year Ahead For Ichnos To Navigate • Source: Alamy

Significant changes appear to be underway at Glenmark Pharmaceuticals Limited’s fledgling innovation spin-out company in the US, Ichnos Sciences, Inc., with high-profile founding CEO Alessandro Riva now set to depart.

Riva, a former executive vice-president, Oncology Therapeutics, at Gilead Sciences, Inc., had taken up the top job at Ichnos in 2019 and is now moving on, though he will...

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