Amide Technologies Appoints Co-Founder and MIT Chemistry Professor as CEO [Yahoo! Finance]
Eli Lilly and Company (LLY)
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Source: Yahoo! Finance
CAMBRIDGE, Mass., June 27, 2024 BUSINESS WIRE Amide Technologies , a leading biotech company specializing in the synthesis of complex peptides, announced today the appointment of Dr. Brad Pentelute as its new CEO. Dr. Pentelute, who co-founded Amide while heading the Pentelute Lab at MIT's Department of Chemistry, will succeed interim CEO Dr. Mark Simon. With over 12 years of experience as a Professor of Chemistry at MIT, Dr. Pentelute brings a wealth of expertise from his previous roles as a Postdoctoral Fellow at Harvard Medical School, a Senior Scientist at Ethos Pharmaceuticals, and a graduate student at the University of Chicago. During his sabbatical from MIT, Dr. Pentelute will focus on scaling Amide's operations, enhancing product offerings, leveraging AI capabilities, and driving the company towards greater profitability. "With the rising prevalence of cancers and metabolic disorders, coupled with increasing investments in novel drug research and development, the demand fo
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