NEW YORK, March 11 -GeneProt announced today that it has promoted former CFO Bertrand Damour to the position of CEO, filling a position that was vacant for almost a year following founder and CEO Cedric Loiret-Bernal's departure last April.
The Geneva-based proteomics company also said it elected Damour to its board of directors.
Damour, who like Loiret-Bernal is a graduate of the Kellog School of Business at
The company has faced tough times, and has widened its strategy lately from chasing big deals like the $84 million partnership it signed two years ago with Novartis, to a pursuit of smaller partnerships as well.
This change follows the company's decision last fall to lay off 20 employees and postpone a planned launch of a