Pharma Veteran Julian Adams takes Helm at Gamida Cell
The Novartis-backed company is developing a universal bone marrow transplant solution for patients unable to find a donor
For daily updates, subscribe to our newsletter by clicking here .Yael Margolin will step down as CEO but will keep her position as president of Gamida Cell, leading the company's operations in Israel while Mr. Adams will lead the company's global expansion.
Established in 1998, clinical stage company Gamida Cell develops therapies for rare genetic conditions like sickle cell anemia, and also for blood cancers and malignant tumors. The company is currently in phase 3 clinical trials for its lead product NiCord, a graft intended to act as a universal bone marrow transplant solution for patients who cannot find a matching donor.According to the U.S. Department of Health and Human Services, around 20,000 people need a bone marrow transplant every year just in the states, and 70% do not have a matching donor in their family. NiCord has received breakthrough status from the U.S. Food and Drug Administration, and orphan drug designation in both the U.S. and Europe. The trials are being performed together with Novartis International AG, which made a strategic investment in the Gamida Cell in 2015. Novartis also participated in Gamida Cell's latest financing round in June, in which the company raised $40 million in to support NiCord's clinical trials.
Mr. Adams was previously senior vice president of drug discovery and development at Takeda Oncology (formerly Millennium Pharmaceuticals), where he had a key role in the discovery of Velcade, the company's treatment for the blood cancer multiple myeloma. In his last role, he was president and chief scientific officer at life sciences investment company Clal Biotechnology Industries Ltd., which also participated in the June financing.