Former IKEA franchise owner Alan Tribe has taken charge at local biotech firm Phylogica, lifting his stake to 20 per cent and becoming chairman on the same day chief executive Stephanie Unwin was replaced by Rohan Hockings.
Perth business executive Stephanie Unwin is moving from chairman to chief executive of listed biotech company Phylogica, while one of its non-executive directors has been promoted to the role of chief scientific officer.
Shares in Subiaco-based biotech firm Phylogica have plummeted on the ASX after a potential licensing deal with a subsidiary of pharmaceutical giant Johnson & Johnson effectively collapsed.
Phylogica has appointed Bernard Hockings as a director.Dr Hockings is a cardiologist in Perth and a substantial shareholder in Phylogica, a peptide drug discovery company.