Sector Private Sector
Client Viron Therapeutics Inc.
Role Management Restructuring and Mediation
Challenge

The management at Viron Therapeutics Inc. was ineffective, with investors growing increasingly disenchanted and ready to pull their financial support. Dr. Mark Poznansky was brought in to restructure the organization with the goal of stabilizing the company. He was also given the task of raising additional funds to support the company's research.

Result

Dr. Mark Poznansky took steps to stabilize the organization and initiated the hiring of a new CEO. Thanks to his efforts over a 15-month period, Viron Therapeutics Inc. was restructured and able to bring a candidate drug to the start of Phase II. In addition, the company raised $20 million to support its future endeavours.