Roche hires U. S. academic to revitalize research unit
ZURICH (Reuters) – Swiss drugmaker Roche has hired a leading American academic in a bid to revive part of its research operations which have struggled to shake off a string of high-profile and costly failures. The Basel-based drugmaker said on Tuesday John C. Reed, 54, chief executive at Sanford-Burnham Medical Research Institute in California, would take over as head of Roche’s Pharma Research and Early Development – known as pRED – on April 2. Mike Burgess, who has led the unit on a temporary basis since Roche revamped its research operations last June, will leave the company. . . .
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