Kadmon names Harlan Waksal president, CEO

In a move that could signal Kadmon Corp. LLC (New York, N.Y.) is preparing for an IPO, the company named Harlan Waksal as president and CEO. He replaces his brother, Samuel Waksal, as CEO. Samuel Waksal will remain Kadmon's chairman and was named chief of innovation, science and strategy.

In a 2005 settlement with the SEC, Samuel Waksal was barred permanently from acting as an officer or director of any public company. Kadmon said it is exploring "strategic and financial opportunities, including an initial public offering." The company added that if it pursues an IPO, Samuel Waksal will "transition" from the chairman role. ...