Bluebird Bio Announces Strategic Split into Separate Gene Therapy and Oncology Companies
- Bluebird Bio plans to divide into two independent companies, with the core business focusing on rare disease gene therapies and a new spin-off dedicated to oncology development.
- Current CEO Nick Leschly will lead the new oncology company while maintaining an executive chair position at Bluebird, with Andrew Obenshain stepping up as CEO of the gene therapy focused entity.
- The strategic separation aims to streamline operations and improve capital allocation, with the gene therapy unit focusing on beta-thalassemia, cerebral adrenoleukodystrophy, and sickle cell disease programs.