Roivant Sciences’ Matt Gline might be this year’s best biopharma CEO, and other thoughts about Monday’s blockbuster deal with Roche — like, why the heck did Roivant’s stock trade down?
Gline created $5 billion from $50 million — in less than one year.Regular readers know that every December, I choose a best biopharma CEO. It’s a subjective award, but deal-making acumen, management skills, and delivering shareholder value are important measuring sticks. It’s still too early to call this year’s contest, but Gline is a front-runner.
advertisement
Last December, Roivant essentially acquired an experimental treatment for inflammatory bowel disease called RVT-3101 from Pfizer for $45 million and then spent another $5 million to position the drug for future Phase 3 studies. Less than a year later, Roivant flipped the drug to Roche for at least $7.1 billion.
Get unlimited access to award-winning journalism and exclusive events.
Subscribe Log In
Previous article：
Eli Lilly’s Mounjaro succeeds in second weight
Next article： United colonoscopy coverage change 'may cost lives,' doctors say
Next article： United colonoscopy coverage change 'may cost lives,' doctors say
