In the News – Follica Gets a New CEO

From the article:

Follica, the Boston-area startup out to bring a scientific approach to helping hair-loss sufferers re-grow their locks, is preparing for some new growth of its own. The firm, run since its late 2006 inception by founding CEO Daphne Zohar of Boston’s PureTech Ventures, announced today the hiring of a new president and CEO, William Ju, a biopharmaceutical veteran with experience in an array of therapeutic arenas, including dermatology (he is a board certified dermatologist). The selection of Ju seems to position the firm to move out of the purely research-focused stage and closer to becoming a drug development company.

Read the full text at Xconomy.com

We last heard some activity from the Follica folks last summer, when they got an extra $11 million round of funding in addition to the initial $5.5 million they received in early 2008. Now they’ve got a new CEO. What does it all mean? One could only speculate at this point…