The nominees for Worst Biotech CEO of 2013 are...
Each of these executives has rightfully earned a share of this (dis)honor but only one can claim this year's Nance Trophy -- and the biotech investor scorn and ridicule that comes with it.
The Nance Trophy honors David Nance, the former CEO of now bankrupt and defunct Introgen Therapeutics. Few CEOs in biotech did more to hone the fine craft of investor bamboozlement and outright incompetence as Introgen's Nance.
As in previous years, readers will cast the deciding votes. Read the following nominating summaries and make your selection in the interactive poll below. Feel free, also, to post comments at the bottom of the story if you feel I left off a CEO deserving of shame.
Next week, I'll tally the votes and award the trophy.
Joe Zakrzewski, Amarin
Nominating Zakrzrewski for this award almost feels unfair, like piling on a guy who's already knocked out. Sympathies aside, the Amarin CEO is here because his inept decisions and total lack of strategic thinking have dug the company into a deep hole.
The Vascepa commercial launch started badly last year when Zakrzewski was unable to land a qualified marketing partner. Instead of fixing Vascepa's problems this year, Zakrzewski let them fester, hoping (praying) that an FDA approval allowing the fish oil pill to treat mixed dyslipidemia patients (the "Anchor" population) would rescue the company.