Mar 11 2022
Women CEO & Founder Series Part 4: How culture is crucial to a successful exit through acquisition with Megan Bailey, CEO at Personal Genome Diagnostics (PGDx)
In the final part of our series, Proclinical Executive Senior Partner, Claire Perry, speaks with another inspirational woman in business, Megan Bailey, CEO of Personal Genome Diagnostics (PGDx). Megan shares her insights on company culture, how she created an environment for success, and the crucial role that played in PGDx's recent acquisition by Labcorp. Megan Bailey has more than 18 years of leadership experience in the healthcare industry. As Chief Executive Officer of Personal Genome Diagnostics (PGDx), she leverages her extensive knowledge of clinical diagnostics, business development, and commercialization to lead a team focused on providing precision cancer care solutions that allow all patients to have access to best-in-class genomic testing. Prior to her role as CEO, she served as Chief Commercial Officer, leading the Company’s marketing, sales, and customer support teams, and before that, as Vice President of Marketing.She began her career in diagnostics with Ventana Medical Systems, a company with a patient-focused mission to improve cancer diagnostics globally. Following Roche Diagnostics’ acquisition of Ventana in 2008, Megan spent the next 10 years rapidly progressing through commercial leadership roles of increasing responsibility. In her last role at Roche, she served as Senior Director of Commercial Operations, responsible for a $200M+ portfolio across four divisions, addressing multiple disease states and market segments.Within Megan’s first year as CEO of PGDx, she successfully restructured the overall business and delivered several significant commercial milestones, including the first ever FDA clearance of a comprehensive genomic profiling product, positive Medicare reimbursement coverage, and high impact partnerships with oncology leaders, pharmaceutical partners, and co-development partners. In February 2021, she closed a $103M Series C financing – the largest round achieved by the company to date – with a new lead investor and a blue-chip syndicate.Megan is a graduate of the United States Military Academy at West Point and earned her Master of Public Health from the University of North Carolina, Chapel Hill. Megan serves on the UMB Foundation Board of Trustees and the Army West Point Athletic Association Board of Directors.Topics covered:Key components that make a life science business attractive for acquisition Learnings from a journey to becoming CEOLeadership principles for a great business culture Presenting your experience to become a Board memberApplying an athletic mindset in businessSupporting the next generation of female leadersContact the host and guest: Get in touch with Claire Perry: Email: c.perry@proclinical.comConnect with Claire on LinkedInConnect with Megan Bailey on LinkedInMore information:At Proclinical, our global workforce solutions help individuals, teams and whole organizations grow in the life sciences industry. For more information about how Proclinical Executive can support your board level and leadership hires, visit proclinical.com/executive