How 3 CEOs overcame tough business challenges
Three life science CEOs tell how they overcame business challenges:
1. Katrine Bosley, CEO of Editas Medicine
Advice: Listen carefully.
At her last company, Katrine was working on a new molecule that industry professionals thought was a bad idea due to safety issues. She had to listen carefully to people’s concerns so her company could overcome them and create data to support it. Today, their new molecule is a success.
2. David Lucchino, CEO of Entrega
Advice: Be resourceful.
David’s company was having difficulties with the FDA. When he learned the director of the division they had to deal with had retired, David contacted him and convinced him to become part of their team. He taught David’s company how to communicate with the FDA about their technology. In the end, they won the agency’s approval.
3. Cheryl Blanchard, CEO of Microchips Biotech
Advice: Communicate constantly.
When Cheryl launched a new venture for her last job, she had to create an execution strategy from scratch. The key was constant, open communication to all stakeholders. When she was finally launching products, Cheryl was able to convince a skeptical sales force. She learned to be sincere and to communicate the good and the bad.
