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Moncef Slaoui, who headed the Operation Warp Speed vaccine-development effort under the Trump administration, is returning to his previous role as a venture capitalist and announced Tuesday the launch of a new company, Centessa Pharmaceuticals.

Centessa, which will merge 10 small biotechnology companies into a larger entity, was founded by the venture firm Medici Partners, which Slaoui joined in September 2017; it has raised $250 million from more than a dozen investment funds. Slaoui will serve as executive chairman. Saurabh Saha, most recently the global head of translational medicine at Bristol-Myers Squibb, will be CEO.

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