BOSTON, May 13 /PRNewswire/ -- Follica Inc., a privately held developer of novel therapies for androgenetic alopecia and other hair follicle and skin disorders, today announced that William D. Ju, M.D. has been appointed as president and chief executive officer. Dr. Ju succeeds Daphne Zohar, managing partner of PureTech Ventures, who was the Founding CEO of Follica. Dr. Ju will join existing Board members including Ms. Zohar, Mr. G. Kirk Raab, former CEO, Genentech, president and COO, Abbott and current chairman, Follica, Protalex, and Transcept, Dr. Kevin Bitterman, principal at Polaris Venture Partners, and Mr. Chris Ehrlich, general partner at InterWest Partners.
"We are thrilled to welcome Bill Ju as the CEO of Follica. He brings the ideal blend of dermatology and drug development experience, creativity and leadership skills to Follica in this next exciting phase of development," stated Ms. Zohar.
Dr. Ju is a board-certified dermatologist who has 17 years of biopharmaceutical experience in a wide variety of therapeutic areas, including dermatology. Prior to joining Follica, he was chief operating officer at PTC Therapeutics, a privately-held biopharmaceutical company. In that position, Dr. Ju played an important role in successfully leading and building the company from a discovery organization into a late-phase clinical and early-stage commercialization company. Since 2003 while he was there, Dr. Ju helped PTC triple in size, complete a $50 million Series E round, and enter into a partnership with Genzyme, the terms of which included a $100 million upfront payment, up to $337 million in milestones, and royalties on sales. Prior to PTC, he was vice president in research and development at Pharmacia Corporation and held executive positions at Merck Research Laboratories in a broad spectrum of product development functions. Dr. Ju served as project leader for SUTENT(R), introduced CANCIDAS(R) into humans, and was p
|SOURCE Follica Inc.|
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