Co-founder Chris Silva will step down as chief executive and leave the board of directors at the commercialisation firm, with Jill Smith becoming interim chief executive.

 Allied Minds, the US-based, London-listed life science and technology commercialisation company, has announced that its co-founder and chief executive, Chris Silva, will step aside to be replaced by  Jill Smith (pictured).

Smith previously served as a non-executive director at the company since January 2016. Silva will also step down from his position on the board of directors.

Founded in 2004, Allied Minds forms, funds and manages spinouts from universities and federal research facilities, which it operates as subsidiaries.…