Replies to post #107149 on Biotech Values

[pollyvonwog]

Resigning to be CEO of another company. Good for him!

[marthambles]

Seemingly not good news. The best spin would be that he felt boxed in by Wheeler and wanted more control.

[y3maxx]

"MNTA COO resigning"...M eonx approval is a feather in his cap...and now gets him a CEO position.

...Perhaps he also sees no place for him if there is a NVS Buyout...

...and a fine excuse to fill last week's "open gap"

...shorts get to cover too

y3

[DewDiligence]

Brugger’s departure is similar to the Kurt Graves situation at VRTX, IMO. One difference, however, is that Graves left VRTX shortly before the company presented consequential data at AASLD last year, which temporarily called into question whether his departure was related to a problem with the Telaprevir program. (As it turned out, there was no problem with Telaprevir, and we may presume that Graves left because he was passed over for the CEO job.) In Brugger’s case, I cannot identify a plausible covert rationale for the departure, and hence it seems likely that Brugger simply wants to be a CEO.