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Morphic Appoints ArQule’s Schegerin Chief Financial, Operating Officer


Morphic Appoints ArQule’s Schegerin Chief Financial, Operating Officer



Morphic Therapeutic (NASDAQ: MORF) has named Marc Schegerin as its chief financial officer and chief operating officer. Schegerin was most recently CFO at cancer drug developer ArQule, which Merck (NYSE: MRK) agreed to acquire in December for $2.7 billion. Schegerin joins another recent addition to Morphic’s C suite, Peter Linde, who joined the company in March as chief medical officer.

Schegerin’s prior experience includes healthcare investment banking roles at CitiGroup (NYSE: C) and Bank of America Merrill Lynch (NYSE: BAC) and industry management roles at Biogen (NASDAQ: BIIB) and Sage Therapeutics (NASDAQ: SAGE). Waltham, MA-based Morphic raised $80 million in September 2018 to move its investigational oral medicines for chronic diseases into the clinic. The biotech’s drug candidates target a family of proteins on the surface of cells called integrins.

Sarah de Crescenzo is an Xconomy editor based in San Diego. You can reach her at sdecrescenzo@xconomy.com. Follow @sarahdc

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