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The founder of a $14 billion biotech hedge fund is stepping down after sexual harassment allegations

Sam Isaly, the 72-year-old founder of the $14 billion biotech hedge fund OrbiMed, is stepping down from his position as managing partner. The firm said Thursday that the move is "pursuant to years-long succession planning discussions." The news comes just days after Stat News detailed sexual harassment allegations against Isaly from former female employees. Sam Isaly, the founder of biotech's largest hedge fund, is stepping down from the firm following sexual harassment allegations reported by Stat News on Tuesday.
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