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paperwork targeting an $85 million IPO.
—South San Francisco, CA-based cancer drug developer Five Prime Therapeutics (NASDAQ: FPRX) is laying off approximately 70 employees. The move comes nine months after a shakeup that cut 41 positions and less than one month after CEO Aron Knickerbocker resigned.
PEOPLE ON THE MOVE
—Genentech’s Merdad Parsey is leaving to become chief medical officer of Gilead Sciences (NASDAQ: GILD) … Verve Therapeutics appointed Andrew Bellinger chief scientific officer … Stephen Brady joined Tempest Therapeutics as president and chief operating officer … BioMarin Pharmaceutical (NASDAQ: BMRN) promoted Lon Cardon to chief scientific strategy officer … Cue Biopharma (NASDAQ: CUE) promoted Anish Suri to president. He will remain chief scientific officer … and Matthew Young is leaving Jazz Pharmaceuticals (NASDAQ: JAZZ) to become chief operating officer and chief financial officer of Grail.
Ben Fidler, Frank Vinluan, and Sarah de Crescenzo contributed to this report.