G1 Therapeutics, a North Carolina biotech company, is changing CEOs on the eve of an expected first FDA approval and hoping to shatter the industry truism about small companies struggling to sell products.

Mark Velleca, who has led G1 since 2014, will step down Jan. 1 and be replaced by Jack Bailey, a 30-year pharmaceutical veteran who currently sits on the company’s board. That transition will come about a month before the FDA is slated to rule on G1’s trilaciclib, an intravenous treatment designed to preventively reduce the side effects of chemotherapy.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED

What is it?

STAT Plus is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • STAT+ Conversations
  • Weekly opportunities to engage with our reporters and leading industry experts in live video conversations
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.
Sign up to receive a free weekly opinions recap from our community of experts.
Privacy Policy