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SDBJ Insider

Life Science Successions 

Last week, Biocom California announced a major shakeup in its leadership with the announcement that longtime President and CEO Joe Panetta was stepping down and passing the role on to Biocom Board Chari Tim Scott.  

Panetta, a San Diego Business Journal Lifetime Achievement awardee, had been with Biocom since 1999 and is credited with growing it from a regional life science trade association to a statewide organization with international reach. 

In taking on the leadership role at Biocom, Scott will be stepping down from his current role as CEO of contract development and manufacturing organization AustinPx, where he has served as CEO since 2022. 

Panetta plans on serving out the rest of the year as Biocom’s chief executive before switching to a more advisory role at the association as president emeritus. 

On the same day as Biocom announced its leadership succession plans, Neurocrine Biosciences (Nasdaq: NBIX), announced that founder and CEO Kevin Gorman will retire in October of this year. Neurocrine Chief Business Development and Strategy Officer Kyle Gano will succeed him as CEO and will also join the company’s board of directors. Gorman will continue to serve on the Neurocrine board. 

Gorman founded Neurocrine in 1992 and led the company in various roles in developing a mature pipeline, strong financial position, and successful commercial product in INGREZZA – a treatment for hyperkinetic movement disorders, 

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The Salk Institute had a good May, ending the month with $7 million in gifts from two foundations. 

The Paul M. Angell Family Foundation – established in honor of the Chicago-based Newly Weds Foods, Inc. founder who died in 2022 from pancreatic cancer at the age of 81 – gifted Salk $5 million to support pancreatic cancer research.  

The Salk also received a $2 million gift from the Wicklow Foundation to establish the Margaret Faye Wilson Endowment. Wilson served on the Salk board from 2010 to 2019 and gave generously to the institute. She was co-founder of business management and strategic planning consulting firm Wilson Boyles & Company after serving in executive roles at The Home Depot and Bank of America. Wilson passed away in July of last year. 

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The worlds of sports and Grateful Dead fandom mourned the loss of La Mesa-native Bill Walton last week after the NBA legend and noted Deadhead lost a battle with cancer.  

Less widely known that his star power on the court and towering over concertgoers was Walton’s leadership in sports business entrepreneurship through San Diego Sport Innovators where he served as chairman for 13 years. 

In a statement, SDSI’s leadership team – Bob Rief, Renne Catalano, Dana Rowley and Sam Roberts – described Walton as “friend, mentor, mischievous buddy, the glue that bound our 110 companies and over 100 mentors into our community.”

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