Aetion Welcomes New Leadership Amid Strategic Growth

Leadership Transition at Aetion

Aetion, a pioneer in the field of real-world evidence technology, has made significant leadership changes that mark an exciting new chapter for the company. Kevin Riley, recognized for his broad experience in the technology commercialization sector, has been appointed as president. He will work closely with co-founder Jeremy Rassen, who is currently serving as interim CEO after Carolyn Magill stepped down from the role.

Kevin Riley's Appointment

Kevin Riley brings with him a comprehensive background in commercial and product leadership. His previous roles have included notable positions at several health tech firms where he demonstrated remarkable capability in scaling operations and driving growth. Riley expressed enthusiasm about joining Aetion, remarking on the company's innovative approach to using real-world data to answer pressing questions in healthcare.

Jeremy Rassen's Continued Leadership

Jeremy Rassen, who co-founded Aetion 12 years ago, has taken on the interim CEO role, accompanying the company during this transitional period. Under his guidance, Aetion has grown from an early-stage startup to a leader in real-world data analytics. His experience includes a prior stint as the CEO and serving as a director, making him well-poised to lead the company through this shift.

Transition of Carolyn Magill

Carolyn Magill concluded her tenure as CEO after significantly growing Aetion, achieving an impressive 600% growth and raising over $200 million in capital. She now steps into a senior advisory role, allowing her to focus on advisory activities and family commitments while still contributing to Aetion's future direction.

Riley’s Experience and Vision

Riley's extensive background includes a transformation role at Zyter|TruCare, which serves millions globally. His past experiences also include leadership roles at Salesforce, where he oversaw a substantial segment of their healthcare business. With his expertise in establishing healthcare solutions, Riley aims to build upon Aetion’s fundamental strengths to enhance commercialization and add value to its clients in the life sciences sectors.

Magill's Lasting Impact

Reflecting on her leadership, Magill noted, “It’s been an honor to lead Aetion during a transformative phase for the industry.” Her contributions have paved the way for Aetion’s advancements in real-world data usage, which is crucial in determining the efficacy of health treatments across diverse populations.

Aetion’s Vision and Future

Aetion, headquartered in the healthcare analytics sector, focuses on providing vital insights derived from real-world evidence. This ensures that manufacturers, payers, and regulators get transparent, rapid, and scientifically validated analytics on treatment safety and effectiveness. Founded by experts from Harvard Medical School, the company leverages decades of expertise in health outcomes research, continually informing the critical healthcare decision-making processes.

Commitment to Innovation

The foundation built by Aetion enables the company to inform significant decisions within the healthcare landscape. Their capabilities extend to guiding product development and innovation in payment models, responding to the shifting needs of the industry.

Frequently Asked Questions

What leadership change has occurred at Aetion?

Kevin Riley has been appointed as president, while Jeremy Rassen serves as interim CEO after Carolyn Magill stepped down.

What are Kevin Riley's qualifications?

Riley has extensive experience in health tech and has successfully spearheaded growth initiatives in multiple organizations.

Why did Carolyn Magill step down?

Magill chose to transition to a senior advisor role after leading Aetion to remarkable growth and believes it's time to invest in advisory work.

How does Aetion impact healthcare decisions?

Aetion provides essential analytics that help healthcare manufacturers and regulators understand treatment effectiveness, guiding informed decision-making.

What is Aetion’s main focus as a company?

Aetion specializes in delivering real-world evidence analytics to optimize healthcare treatments and innovations, ensuring they meet the needs of diverse patient populations.

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