Geeta Vermuri, head of Baxalta Ventures, has left following the corporate's acquisition by Shire and a change in investment strategy.
Geeta Vemuri, head of Baxalta Ventures, has left after its parent company’s acquisition by drugs peer Shire and its focus on strategic dealmaking.
By email, Vemuri, a member of this year’s Global Corporate Venturing Powerlist 100, said: “I left Baxalta after Shire’s acq[uisition] as Shire is not going to invest in small companies as venture investments.”
Shire’s spokeswoman by email said: “We are continuing to support the legacy Baxalta Ventures portfolio, including honouring our existing commitments, and have designated representatives…
