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Legendary biotech financier Sam Isaly steps down following sexual harassment allegations

Biotech financier Sam Isaly is stepping down from OrbiMed Advisors following a barrage of sexual harassment allegations published by STAT.

Sam Isaly, founder of biotech’s largest and most powerful biotech hedge fund, is stepping down from his leadership role at OrbiMed Advisors following a barrage of sexual harassment allegations published by STAT.

OrbiMed put out a statement on Thursday night asserting that Isaly is retiring “pursuant to years-long succession planning discussions.” However as recently as Monday, when STAT interviewed Isaly about the allegations against him, he said there was “no planned date” for his retirement.

Isaly’s abrupt departure comes hours after STAT sought comments from the firm about still more allegations of misconduct from

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