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Startup

In a $125 million deal, a startup founded by former Seagen CEO Clay Siegall combines with a public business.

[ad_1] Morphimmune, a biotech business founded by former Seagen CEO Clay Siegall, is merging with Immunome, a public biotech company, in a $125 million deal backed by private investors. Siegall will be the CEO, president, and chairman of the board of directors of the merged firm, Immunome, which will be headquartered in Seattle. “This is […]

Restore Lowers 2023 Profit Target on Weak Demand; CEO Steps Down.

[ad_1] Restore announced on Tuesday that it has reduced its adjusted pretax profit forecast for the entire year due to sustained sluggish demand in its technology unit and that its CEO will immediately step down. The technology unit revenue of the London-listed office-services company is dropping compared to 2022 due to a decrease in client […]

Technology

Bhautik Ambani has been appointed CEO of AlphaGrep’s domestic investment management subsidiary.

[ad_1] An experienced executive, Bhautik Ambani, has been named the Chief Executive Officer of AlphaGrep’s Investment Management subsidiary in India, according to the quantitative trading and investment management company AlphaGrep. Bhautik’s responsibilities at AlphaGrep will include fostering commercial expansion, bolstering and extending the company’s domestic footprint, and improving client satisfaction. Under his direction, the business […]