Dude you need to relax on age, industry experience, and work locations. I work with small/mid-size biotechs from the vendor side and I can tell you that it is not uncommon to find folks working in senior level positions that match your big 3 criteria.
Age. Age never concerns anyone so not sure why you are making that a big deal. Some people work well into their 70's or later because of the mission they believe they are on to produce live saving therapies. I am not worried about that.
Industry experience. I call on folks every day who are key decision makers for their respective companies who do not have a huge industry (biotech/healthcare) background. They do have the right experience or expertise in managing the area they were hired for. Are you really hung up on our CEO not having a college degree? Ever hear of Bill Gates? He doesn't have one and he seems to be doing okay. What's more, he and his wife started a fund that supports vaccine development in 3rd world countries---and with no industry experience. How about Don Rumsfeld, ever hear of him? He was a CEO of a Pharma company and then later the Chairman of Gilead Sciences at one point in time...he was a Political Science Major. Get off the no industry experience that simply doesn't fly.
Location. I really don't need to even make a point about that. Very ignorant to think a company can't be ran by a remote team. I can tell you first hand that I have many clients who work remotely and are still able to effectively mange their workload.
As I mentioned in my previous post, it is not uncommon to have consultants managed key aspects of a company like financing, and/or research. Most consultants won't say in their "linkedin" profile that they work for just one company if they represent others. Many times these consultants are brought on board to work part time due to workload requirements----and many times these consultants become full time employees of the company if/when the company takes off. Too many scenarios to describe.
All this being said, I have no idea if this company will pull out a tiger woods-like comeback, but I sure hope so for the good of many and the detriment to a few.
