Bluebird Bio chief Leschly pulled down $24M in 2018. But can he make it pay off?

fiercepharma | April 25, 2019

Biotechs are taking over the world—of executive pay, at least. Bluebird Bio chief Nick Leschly racked up a pay package worth almost $24 million for 2018, beating out every Big Pharma CEO. And the company doesn’t even have an approved drug yet. The gene therapy specialist didn’t have a great year with investors, either. Shares peaked in March at $232 per share, a couple weeks before Celgene opted to co-promote its CAR-T med bb2121, but by year’s end had dropped to just over $97. But only a sliver of Leschly’s 2018 haul came in cash, which means the company will have to hit some performance goals—and shares will have to recover—for the CEO to convert that pay into a payoff.

Spotlight

Without the right design, right data and right decisions, idealised clinical trial plans cannot be translated into blueprints for robust studies.

Spotlight

Without the right design, right data and right decisions, idealised clinical trial plans cannot be translated into blueprints for robust studies.

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