Roivant's Ramaswamy Woos Celgene's Fouse To Lead Dermavant
The former Celgene president has joined Roivant subsidiary Dermavant with big ambitions to turn the start up into a dermatology leader. Ramaswamy and Fouse talk about next steps for the start up.
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Axovant's stock fell 74% based on intepirdine's Phase III failure, but parent company Roivant recently raised $1.1bn, showing that investors were willing to fund more new Vants regardless of the risky study's outcome.
Roivant will use the cash to fund other "Vants" that develop drugs or make the process more efficient. Also, Zealand launches its IPO, Apellis raises a $60m Series E and BioMarin tops recent offerings.
As the CEO of Axovant, David Hung is back where he started with Medivation – working on a drug for Alzheimer's disease.