Abingworth recruits Chu as partner

Chu will work out of Abingworth's offices in Menlo Park, California. As a partner, she will oversee deal sourcing and execution regarding healthcare assets for the firm.

Her hire sees her leave the corporate ranks after being employed by therapy developer Gilead Sciences, where she held business development responsibilities within the oncology, immunotherapy and hepatitis B areas.

Prior to Gilead, she was consultant at McKinsey and worked for VCs Flagship Ventures and Frazier Healthcare Ventures – she was principal at the latter.

The entrance of a new partner to Abingworth takes place three months after the firm replaced its executive team. The reshuffle, announced in early July, saw Tim Haines and Kurt von Emster jointly raised to managing partners following the stepdown of Stephen Bunting, who had held the role since 2002.

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